Bybit Expands Global Presence With Cyprus Crypto License
Bybit exchange has announced that it has obtained a license to operate a cryptocurrency exchange in Cyprus and offer custody services for digital assets. This announcement comes after facing regulatory challenges, including investigations in Japan and discontinuing services in Canada and the United Kingdom. Cyprus is emerging as a hub for cryptocurrency, with a growing […]
MAS Publishes Report on Asset Tokenization, DeFi
The Monetary Authority of Singapore (MAS) has released a report discussing the integration of asset tokenization and decentralized finance (DeFi) within international standards and market infrastructures. The report, titled “Project Guardian: Enabling Open & Interoperable Networks,” explores the possibilities of DeFi and converting physical assets into digital equivalents while maintaining the integrity of the global […]
SNB to Launch Digital Currency Pilot
Switzerland is entering the world of digital currency innovation as the Swiss National Bank (SNB) prepares to launch a CBDC for wholesale payments on the SIX Digital Exchange. Thomas Jordan, the chairman of the SNB, announced that the decision to issue a CBDC specifically for wholesale payments on the SIX Digital Exchange is historic. It […]
HSBC Approves Bitcoin, Ethereum ETF Trading in Hong Kong
HSBC Holdings plc, the largest bank in Hong Kong, has become the first bank in the region to offer crypto trading services to its customers. This move comes in response to the growing demand for cryptocurrency investments and the Hong Kong government’s interest in digital assets. Starting on June 26, customers of HSBC can buy […]
Coinbase Announces Trading Pair Consolidation for Assets
Coinbase, a major cryptocurrency exchange, has decided to remove seven additional trade pairs for some of its supported currencies. They believe that simplifying the trading options will enhance the trading experience for users and increase liquidity. On June 26, Coinbase Exchange announced through a tweet that it will suspend trading for several markets starting at […]