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 […]
US and Vietnam Sign Billion-Dollar AI Chip and Tech Partnerships
To advance the artificial intelligence, semiconductor, and cloud computing industries, the U.S. and Vietnam sealed billion-dollar agreements and partnerships. According to remarks made at a joint press conference, the United States and Vietnam signed billion-dollar business agreements and partnerships on September 11 to advance cooperation in artificial intelligence (AI) and other technologies. The move is […]
Ripple’s Fortress Trust Acquisition Expands US Licensing
Fortress possesses a Nevada Trust license, enabling them to provide asset custody services, whereas Ripple holds in excess of 30 licenses spanning various jurisdictions within the United States. Ripple, a financial technology company, has announced its intention to acquire Fortress Trust to acquire additional regulatory licenses in the United States. This development was disclosed in […]
Bitwage Halts USDC Payments for US Residents
The cryptocurrency payroll startup Bitwage announced it would stop accepting payments in USD Coin (USDC) from Americans in an email to customers on July 5. Bitwage warned that users who failed to remove their USDC allotment by July 13 would have their accounts reset. Financial officials in the United States have tightened their regulatory monitoring […]
FCA Publishes Date Crypto Ad Compliance Will Kick Off
The Financial Conduct Authority (FCA) has announced that the new rules governing financial promotions will go into effect on October 8th. On the heels of the disclosure, the FCA claimed it has written to domestic and international businesses marketing crypto-assets to UK consumers, requesting that they adhere to the forthcoming crypto ad compliance rules or […]