Hong Kong prepares 2023 crypto bill to support market expansion
The Hong Kong government is currently working on a crypto bill that would establish clear policies to facilitate the market’s expansion. According to Liang Hanjing, director of financial technology at InvestHK, the Hong Kong government department for foreign direct investments, the bill pertaining to the regulation of cryptocurrencies is indeed anticipated to be passed in […]
Russian Parliament votes against bill to regulate crypto mining
The State Duma, the lower chamber of the Russian parliament, voted against a bill that would have regulated crypto mining. Although MPs rejected that measure, which also sought to allow crypto payments in the nation, another draft law on mining that permits international exchanges of digital assets is anticipated in the legislature soon. The Russian […]
What are the most popular DeFi use cases?
Projects using decentralized finance (DeFi) technologies are presenting solutions that serve as a replacement for centralized traditional financial services. What is DeFi? The term “decentralized finance” refers to a financial system that is not based on or organized around a central actor or institution but rather is driven by a multitude of dispersed actors and […]
Tether and Smartpay will provide USDT through ATMs in Brazil
Tether, the company behind the USDT stablecoin, revealed that USDT would be available at more than 24,000 ATMs in Brazil. This was made possible by integrating the technological stacks of the Brazilian ATM supplier Tecban and the bitcoin systems provider Smartpay. Due to their particular economic situations, various Latam countries have placed a significant emphasis […]
Interpol establishes team to fight illicit use of digital assets
Following attacks that shook the industry, the International Criminal Police Organization (Interpol) established a specialized section to combat virtual asset crime worldwide. In the run-up to its 90th general assembly, scheduled for October 19–21 in Delhi, India, Interpol revealed at a press conference. High-ranking police chiefs from its 195 member nations will attend the gathering, […]