Cryptocurrency Analysis and News Portal
Hong Kong cryptocurrency exchange HKVAEX has not applied for a virtual asset trading platform license with Hong Kong’s Securities and Futures Commission (SFC), a spokesperson for HKVAEX has said.Amid multiple reports erroneously suggesting that HKVAEX has applied for an SFC license, the HKVAEX representative claimed the crypto exchange is yet
Read More
"It is with a heavy heart that we inform you that due to business and market-related considerations, we have decided not to apply for a Virtual Asset Trading Platform (VATP) license in Hong Kong ... At the same time, Bitgetx.hk will permanently withdraw from the Hong Kong market," the firm
Read More
“The metaverse is in scope of the bill, which, as noble Lords know, has been designed to be technology neutral and future-proofed to ensure that it keeps pace with emerging technologies,” Lord Stephen Parkinson, a member of the Parliament's upper house and minister at the Department for Culture, Media and
Read More
Bans on aggressive marketing were set to take effect in October, but companies can apply to delay some aspects until January. Original Source
Read More
Legislation aimed at regulating certain internet services in the United Kingdom should cover activities in the metaverse, according to members of the House of Lords.In a July 12 session of the U.K. parliament, members of the upper house debated whether the Online Safety Bill would cover “certain harmful content” users
Read More
iShares, Bitwise, WisdomTree, and Invesco, have just submitted proposals for a Bitcoin ETF, signaling a significant advance in the crypto business. Bitcoin (BTC), the leading cryptocurrency, has experienced a remarkable surge in recent days, with its price coming in at $28,887.88, up by 8.03% within a 24-hour period and by 11.44%
Read More
The company is excited to expand globally and wants to build in Abu Dhabi, Canada, Singapore, and get authorized with the U.K. under its upcoming crypto regime Tom Duff-Gordon Vice President of International Policy at Coinbase said. Source
Read More
While Hong Kong welcomes cryptocurrency, digital asset trading remains banned in mainland China. Hong Kong Legislator, Johnny Ng, has encouraged Coinbase and other global exchanges to set up their shop in the region. The legislator took to Twitter, offering his assistance for Coinbase and other interested parties to register and develop
Read More
Continuing operations without applying for registration could lead to a $542,854 fine or imprisonment. Source
Read More
A new bill mandating South Korean lawmakers and high-ranking government officials to declare their cryptocurrency holdings is expected to take effect within the next two months, said the floor leader of the country’s ruling party.On May 23, the Korean publication Yonhap News reported that People Power Party’s Representative Yun Jae-ok
Read More