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Asia-Based Digital Asset Firm HashKey Group in Early Stages of Raising $100M- $200M: Bloomberg

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a

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Senators Elizabeth Warren and Roger Marshall’s Digital Asset Anti-Money-Laundering Act Won’t Stop Money Laundering, But it Could Ban Crypto

If the Warren-Marshall legislation fails the necessary test, does it do more harm than good? After all, money laundering is terrible. Shouldn’t the legislation be passed even if it only helps on the margins? Here is where the harms of the legislation, namely requiring those that develop software and validate

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China state-owned Greenland to apply for Hong Kong virtual asset trading license

A Greenland Holdings subsidiary is applying for a virtual asset trading license in Hong Kong, the South China Morning Post reported. It is the first state-owned Chinese company to do so. Greenland Financial Technology Group CEO James Geng Jing told the Hong Kong newspaper that a new company dedicated to virtual

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Biden Administration ‘Crypto Tsar’ Says DOJ will Target Digital Asset Exchange Platforms – Regulation Bitcoin News

According to Eun Young Choi, the head of the crypto unit at the U.S. Department of Justice (DOJ), the United States has resolved to target digital platforms because they are making it easy for criminals and money launderers. Choi said the DOJ hopes taking action against entities such as crypto

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SDM Financial to Present Informative Webinar on Digital Asset Derivatives for Miners, Funds, and HNWIs – Press release Bitcoin News

press release PRESS RELEASE. SDM Financial is thrilled to announce an upcoming webinar focused on digital asset derivatives, taking place on Tuesday, May 23, 2023, at 10:30AM EDT. The webinar is tailored to provide digital asset mining firms, crypto-focused funds, and digital asset investors with valuable insights into the benefits

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Updated European tax directive requires reporting on all crypto asset transfers

The European Council has approved updated rules that extend tax reporting requirements to include transfers of crypto assets. This is the eighth version of the Directive on Administrative Cooperation (DAC), which is a set of procedures for automatic information sharing between European governments for tax purposes. DAC8 was proposed in December

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Digital asset market shrinks as fund outflows reach $200M: CoinShares

On May 15, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” which revealed that digital asset investment products experienced another week of consecutive outflows, with a total of $54 million exiting the market. This brings “the total outflow to US$200m, representing 0.6% of total assets

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Standard Chartered Signs MoU with DIFC to Launch Digital Asset Custody Services in Dubai

Both parties look forward to partnering on opportunities that support their visions and promote a thriving digital asset ecosystem. Banking corporation Standard Chartered plans to launch digital asset custody services in the Dubai International Financial Centre (DIFC). While the plans are still subject to regulatory approval, Standard Chartered said the new digital asset

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OSL Asset Management to offer blockchain, AI, Web3 investment products

Hong Kong-based digital asset platform OSL Asset Management Limited said it has obtained a license from the local Securities and Futures Commission (SFC) to offer investment products in blockchain, artificial intelligence, and Web3 technologies seen as key to developing the next interactive Internet.See related article: Why DAOs and collective collaboration

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