HKEX Introduces Digital Asset Index Amid Hong Kong’s Crypto Licensing Expansion
HKEX’s new index series will provide a single reference price for Bitcoin and Ether, aligning with Asia-Pacific trading hours, and intends to increase transparency in the digital asset market. Hong Kong Exchanges and Clearing (HKEX), a global exchange group listed on public markets, recently announced the launch of a digital asset index series aimed at […]
Bolivia Boosts Crypto Adoption with Bank-Backed USDT Custody
Bolivian bank Banco Bisa has launched a stablecoin custody service that allows customers to buy, sell, and transfer USDT. Crypto adoption is advancing in Bolivia as a prominent bank, Banco Bisa, has introduced a custody service for the USDt stablecoin. Banco Bisa announced that this new service would enable its clients to buy, sell, and […]
Netherlands Seeks Input on Crypto Tax Monitoring Laws to Align with EU
The Dutch government intends to align its data collection standards for crypto service providers with the rest of the EU, claiming this will “create more transparency.” The Dutch government is seeking public feedback on proposed legislation requiring cryptocurrency service providers, including exchanges, to collect and share user data with the local tax agency, which aligns with European […]
Thailand’s Crypto Market Shifts Focus from Retail: Binance Thailand CEO
Thailand is moving its focus to a more mature institutional-focused crypto sector, according to Binance Thailand’s CEO. Thailand’s digital asset market is shifting focus from retail investors to institutional ones, with the country setting its sights on becoming Southeast Asia’s leading fintech hub, according to Binance Thailand’s CEO. In an October 25 opinion piece for […]
US Lawmakers Claims Crypto PACs Stifles ‘Important Voices in Congress’
Representative Summer Lee criticized crypto-backed Super PACs funding media Buys that may have contributed to the loss of two Democratic lawmakers in their primaries. Pennsylvania Representative Summer Lee strongly criticized crypto-backed political action committees (PACs) for financing ads that “demonize” candidates in the 2024 primaries, often unrelated to digital assets. During an Oct. 24 virtual event […]