The Securities and Exchange Board of India (SEBI) has taken action against social media influencers who provide financial advice without the necessary knowledge or experience. In a significant move, SEBI recently banned a finfluencer named Mohammad Nasiruddin Ansari, also known as ‘Baap of Chart,’ along with two others from the securities market. Ansari allegedly attracted […]
Taiwanese legislators have introduced the Virtual Asset Management Bill to the Legislative Yuan, aiming to provide better protection and supervision for customers in the virtual asset industry. The bill proposes obligations for virtual asset service providers (VASPs), such as separating customer funds, establishing internal controls, and joining trade associations. However, it does not currently require […]
The global push for central bank digital currencies (CBDCs) is facing a significant challenge: the need for collaboration with the private sector to ensure widespread acceptance. CBDCs have emerged as a potential alternative to fiat and other digital currencies, aiming to increase financial inclusion and enhance efficiency in the global monetary system. However, their success […]
Circle, a stablecoin issuer, has formed a strategic partnership with BitoGroup and Taiwan FamilyMart, the second-largest convenience store chain in Taiwan. The collaboration aims to enhance the value of loyalty points and facilitate entry into the digital economy for the Taiwanese market. Through the Taiwan FamilyMart App and the BitoPro Exchange, customers can now convert […]
Binance, the world’s largest cryptocurrency exchange, is reportedly supporting HKVAEX, a Hong Kong-based cryptocurrency trading platform, in its efforts to obtain a local crypto license. HKVAEX, which was established as a separate entity in December 2022, is said to be sharing resources with Binance. However, HKVAEX claims to be an independent platform with its own […]
Standard Chartered Bank (Hong Kong) has successfully completed an extensive offline payments trial for Hong Kong’s central bank digital currency (CBDC), e-HKD. The trial focused on ensuring inclusiveness, security, and reliability of transactions, particularly in regions with unreliable internet access. Over several months, the trial involved 200 individuals and over ten merchants, who made transactions […]
In Thailand, a growing number of investors are turning to astrology and divine powers to predict market movements, including in the crypto market. Astrologists and fortune tellers are gaining popularity, with some using tarot card readings and astrology to predict the price of cryptocurrencies. However, skeptics question the accuracy of these predictions, with some suggesting […]
VeChain, a leading blockchain platform, has established significant partnerships with renowned companies to revolutionize its blockchain solutions and drive widespread adoption. These collaborations are reshaping various industries, with a particular focus on logistics and supply chain management. Notably, VeChain has joined forces with Kuehne & Nagel, a prominent player in the logistics sector, to leverage […]
Philippines-based crypto exchange Coins.ph is rumored to have suffered a hack that resulted in the potential loss of 12.2 million XRP, equivalent to $6 million. However, some of the funds have already been recovered. The hack reportedly took place on October 17, although Coins.ph has not yet confirmed the incident. On-chain data suggests that the […]
Hong Kong’s Customs and Excise Department is taking steps to address the money-laundering risks associated with cash-for-crypto shops in the wake of the JPEX scandal. These shops, which operate without licensing or regulatory oversight, have been promoting investment offerings from JPEX, a crypto exchange involved in a $192.7 million fraud. To fill the regulatory gaps […]
