Hong Kong ZA Bank Embraces Stablecoin Issuers
Hong Kong’s ZA Bank has announced that it will provide specialized banking services for stablecoin issuers to boost Web3 adoption. The virtual bank, with its headquarters in Hong Kong, said on April 5 that it protects fiat reserves, allowing issuers to use them to support digital assets. Additionally, issuers of stablecoins will have access to […]
Binance to Restrict Unverified Sub-accounts on Its Link Program
Binance has announced plans to restrict sub-accounts without the necessary KYC information under the Binance Link Program. Verified and compliant users would be the only ones able to access their sub-accounts, according to Binance’s announcement on April 5. Subaccounts opened for deposits only and not used for trading are likewise subject to the regulation. According […]
Nvidia Plans to Launch $200M AI Centre in Indonesia
Nvidia has revealed plans to construct a new AI centre in Indonesia in collaboration with the government and telecom company Indosat Ooredoo Hutchison. Indonesian Minister of Communication Budi Arie Setiadi, announced on April 4 that the $200 million centre will be situated in Surakarta, in the Central Java area. According to Setiadi, the AI centre […]
Coinbase Exchange Receives Restricted Dealer License in Canada
US-based cryptocurrency exchange Coinbase has obtained a restricted dealer license in Canada and now has two subsidiaries. According to a CNBC story from April 4, Coinbase has acquired a new license in Canada and is now registered as a restricted dealer with the Canadian Securities Administrators (CSA) in Ontario. According to CSA’s national registration statistics, […]
US NIST Allocates $3.6M to Develop Cybersecurity Skill Workforce
The National Institute of Standards and Technology (NIST) of the United States has allocated $3.6M to develop a workforce to protect enterprises against cybersecurity threats. To address the need for qualified cybersecurity workers, the Department of Commerce’s NIST announced on April 3 that 18 education and community-focused groups across 15 states would receive awards totalling […]