Hong Kong Tops Crypto-Ready Region Again
Hong Kong again topped the Crypto Readiness Report for 2023 with a Crypto Readiness Score (CRS) of 8.36. This rating has been led by Hong Kong for two years. The report, which evaluated several factors, including cryptocurrency infrastructure, accessibility, and legal support, disclosed that Hong Kong faced formidable competition from other leading nations. Switzerland notably […]
Anticipated Surge in India’s Crypto Sector Post-G20 Insight
A senior Finance Ministry official disclosed on Sunday that India’s stance on cryptocurrencies will be determined in the coming months, as indicated by media reports. The nation, recognized as one of the least accommodating regions for cryptocurrencies globally, is positioned to leverage the insights gained from the G20’s efforts to develop a framework for assessing […]
G20 Recommendations Hint at No Crypto Ban in India
Even though the G20 has already endorsed the FSB and IMF’s recommendations, the next step involves the implementation of crypto regulations. The G20 nations endorsed the Financial Stability Board’s (FSB) recommendations for regulating, surveillance, and oversight of crypto assets on Sunday, September 10. According to a government official, this development is quite favorable for Indian […]
IMF And FSB Release G20 Crypto Asset Regulation Paper
Financial Stability Board (FSB), the G20’s risk monitor, and IMF published a paper for the G20 Summit recommending crypto regulations. Thursday, the International Monetary Fund (IMF) and the Financial Stability Board (FSB) issued a paper containing policy recommendations and regulatory standards for cryptocurrencies. India’s G20 Presidency requested that the IMF and FSP construct policy and […]
OKX Approaches the Last Licensing Phase in Hong Kong for 2024
Jimmy Lai, the Commercial Director of OKX Global, revealed that the OKX Group is in the final phases of applying for a license in Hong Kong, with official approval anticipated between March and June of the following year. This notable advancement in cryptocurrency exchange represents a crucial stride in expanding their regional activities. OKX Group’s […]