Crypto / Digital Assets

Crypto / Digital Assets

Korean Crypto Firms to Start Paying Supervisory Fees Next Year

By Editors | 03/08/2024

The fees, to be disclosed in March next year, apply to registered crypto firms with an operating revenue of at least KRW 3 billion.

Crypto / Digital Assets

Futu Launches Crypto Services for Hong Kong Retail Investors

By Editors | 03/08/2024

Futu Securities International is the first online broker in Hong Kong to offer crypto trading services to retail investors.

Crypto / Digital Assets

Montenegro Confirms Decision to Extradite Do Kwon to Korea

By Manesh Samtani | 02/08/2024

The decision, which is legally binding, comes after 16 months of extradition proceedings involving competing requests from the US and South Korea.

Crypto / Digital Assets

ESMA Addresses Risk of MiCA Breaches by Global Crypto Firms

By Nithya Subramanian | 02/08/2024

ESMA issued an Opinion to help crypto firms avoid breaching MiCA regulations when doing business via overseas partners.

Crypto / Digital Assets

Russia Advances Bill to Enable Cross-border Payments in Crypto

By Editors | 01/08/2024

The law is expected to take effect on 1 September, formally allowing the use of crypto in payments for international trade transactions.

Crypto / Digital Assets

BIS Develops Prototype Monitoring Platform for Stablecoins

By Manesh Samtani | 01/08/2024

The Pyxtrial platform provides near real time data about stablecoins’ balance sheets, enabling a more efficient and responsive monitoring process for supervisors.

Crypto / Digital Assets

US Lawmaker Proposes to Create Strategic Bitcoin Reserve

By Editors | 31/07/2024

A Hong Kong lawmaker said including Bitcoin in the city’s strategic financial reserves is something that should be considered.

Big Picture

Stablecoins Weaken Liquidity Ratios of Banks: ECB Paper

By Editors | 31/07/2024

Banks that issue their own stablecoins or collect deposits from stablecoin issuers would see their liquidity ratios decline.

Enforcement

US Authorities Charge Founder of Crypto Firm BitClout

By Editors | 31/07/2024

Nader Al-Naji faces civil and criminal charges for allegedly lying to investors and misappropriating investments for personal expenses and gifts.