The Progmat Coin ecosystem is making progress in Japan, with the aim of launching two stablecoins in the summer of 2024. Progmat, along with Mitsubishi UFJ Financial Group (MUFG) and wallet provider Ginco, is conducting a study to issue a yen-denominated stablecoin (XJPY) and a dollar-denominated stablecoin (XUSD). This initiative is expected to improve the […]
Central banks are being urged to embrace the digital age and take the lead in innovation, according to Agustín Carstens, General Manager of the Bank for International Settlements (BIS). Speaking at a conference in Basel, Carstens highlighted central bank digital currencies (CBDCs) as a key element in this transformation. However, he also acknowledged the challenges […]
The Ministry of Culture and Information in Kazakhstan has blocked access to Coinbase, a prominent cryptocurrency exchange, along with select online brokerage websites. This action is in accordance with Kazakhstan’s “Digital Assets Law,” which regulates the issuance and circulation of digital assets within the country. The law aims to create a structured regulatory environment for […]
In a groundbreaking collaboration, the Hong Kong Monetary Authority (HKMA), the Bank for International Settlements (BIS) Hong Kong Centre, and the Bank of Israel (BOI) have joined forces to explore the potential of Central Bank Digital Currencies (CBDC). This initiative, known as “Project Sela,” aims to create an advanced CBDC ecosystem that prioritizes privacy, security, […]
Hong Kong is considering allowing retail investors to trade spot crypto exchange-traded funds (ETFs), according to Julia Leung, the CEO of Hong Kong’s Securities and Futures Commission (SFC). This move signifies a potential change in the commission’s previous restriction on spot-crypto ETFs for retail investors. Hong Kong has been actively positioning itself as a crypto-friendly […]
China’s government is reportedly holding a significant amount of Bitcoin (BTC) in its national treasury. According to Ki Young Ju, the CEO of CryptoQuant, China seized 194,000 BTC from the PlusToken scam in 2019, making it one of the largest BTC whales. This move is surprising considering China’s anti-crypto stance. However, Ki suggests that owning […]
Cryptocurrency exchange Bitfinex recently experienced a phishing attack on one of its customer support representatives. However, the attack was unsuccessful, as the targeted agent had limited access to valuable information. Bitfinex reassured its users that none of their data or assets were compromised, and the exchange’s operational systems remained unaffected. While Bitfinex has reported the […]
In the bustling city of Mumbai, a new chapter in the crypto industry is unfolding. Aditya Sharma, a former KYC analyst turned entrepreneur, is at the forefront of this revolution. Alongside his friend Gopal Mukherjee, Aditya co-founded Don Invest, a pioneering cryptocurrency consulting firm. Their mission? To guide people in making wise investments in digital […]
Sandeep Nailwal, co-founder of Polygon (formerly known as Matic Network), has always had a burning desire to achieve greatness. Growing up in poverty in a Delhi ghetto, he was determined to make a big impact and not settle for mediocrity. Despite reaching a $19 billion market cap and becoming one of the top 10 cryptocurrencies, […]
Hong Kong’s Securities and Futures Commission (SFC) has issued two circulars to regulate digital asset tokenization, as the city aims to become a leading Web3 hub in Asia. The circulars provide instructions to intermediaries involved in tokenized securities activities and outline the criteria for tokenizing investment products authorized by the SFC. The SFC considers tokenized […]
