Hong Kong regulators have announced that they are open to considering applications for spot crypto exchange-traded funds (ETFs). The Securities and Futures Commission (SFC) and Hong Kong Monetary Authority (HKMA) issued a joint statement acknowledging the changing virtual asset environment since 2018. Previously, the SFC had implemented a regulatory approach that limited participation to professional […]
The Bank of China’s Shanghai division has successfully completed its first transaction involving precious metals using China’s official central bank digital currency (CBDC), the digital yuan. The transaction, worth $14 million, took place on December 19 and was facilitated by receiving funds from abroad. This marks a significant milestone in the utilization of the digital […]
In a significant development, a court in the British Virgin Islands has issued a worldwide asset freeze worth $1.14 billion on the co-founders of cryptocurrency hedge fund Three Arrows Capital (3AC). The freeze order, part of the liquidators’ efforts to recover the fund’s assets and provide returns to creditors, affects co-founders Su Zhu and Kyle […]
A British Virgin Islands court has issued a freeze on assets belonging to the founders of Three Arrows Capital (3AC), a major crypto firm. The court order, which follows a similar move by the Singapore Court, effectively locks out over $1.1 billion of assets from 3AC co-founders Su Zhu and Kyle Davies, as well as […]
A British Virgin Islands court has issued a freeze on assets belonging to the founders of Three Arrows Capital (3AC), a major crypto firm. The court order, which follows a similar move by the Singapore Court, effectively locks out over $1.1 billion of assets from 3AC co-founders Su Zhu and Kyle Davies, as well as […]
A court in the British Virgin Islands has frozen $1 billion in assets belonging to the founders of collapsed crypto hedge fund, Three Arrows Capital (3AC). The court order prohibits co-founders Su Zhu and Kyle Davies, as well as Davies’ wife, from transferring or selling assets worth over $1 billion.According to liquidators Teneo, 3AC owes […]
A British Virgin Islands court has issued a freezing order on approximately $1 billion worth of assets belonging to the founders of Three Arrows Capital (3AC), a cryptocurrency hedge fund that faced a significant collapse in 2022 due to a series of unsuccessful investments. The court’s directive restrains co-founders Su Zhu and Kyle Davies, along […]
The founders of Singapore-based cryptocurrency hedge fund Three Arrows Capital (3AC) have had over a billion dollars of their assets frozen by a court in the British Virgin Islands. The court has banned co-founders Su Zhu and Kyle Davies from transferring or selling assets worth up to $1.14 billion. This freezing order also affects assets […]
The Bank of China’s Shanghai branch has successfully completed the first-ever cross-border settlement for precious metals using the digital yuan central bank digital currency (e-CNY CBDC). The settlement, which took place on December 20, involved the transfer of 100 million yuan ($14 million) e-CNY CBDC received overseas for gold via the Shanghai Financial Exchange International […]
The head of South Korea’s Financial Supervisory Service (FSS), Lee Bok-hyun, is reportedly planning to meet with the chair of the United States Securities and Exchange Commission (SEC), Gary Gensler, to discuss cryptocurrency regulation. Lee is expected to visit the SEC in January and arrange a meeting with Gensler to discuss the current state of […]
