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OKX exec says KYC will ‘raise the bar,’ bring real capital into crypto: Blockchain Economy Dubai 2023

While some areas of the crypto space focus on privacy and anonymity, others focus on raising the standards within the space and on bringing in traditional players and more capital in the world of digital assets. At the recent Blockchain Economy Summit held in Dubai, Cryptox spoke with Lennix Lai, the

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Hong Kong’s crypto rules set a high bar for ‘good reason,’ says SFC advisor

The standards for Virtual Asset Service Providers (VASPs) in Hong Kong are set “incredibly high” as the Securities and Futures Commission (SFC) is wanting the crypto industry to match the same compliance standards as traditional financial firms.Speaking to Cointelegraph at the Hong Kong WOW Summit, Lucy Gazmararian, the founder of

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SEC Proposal Could Bar Investment Advisers From Keeping Assets at Crypto Firms

Right now, crypto trading and lending platforms routinely offer custody for crypto customers, but they're not “qualified custodians” under this rule. An appropriate custodian under SEC’s regulations would generally mean a chartered bank or trust company, a broker-dealer registered with the SEC or a futures commission merchant registered with the

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Optimism token falls 40%, prompting calls to bar dumpers from airdrops

Optimism’s freshly launched governance token, OP, has plunged 40% since peaking at $2.10, leading members of the community to discuss baring those who dumped their tokens from future airdrops. Cryptox reported on Tuesday that the Ethereum layer-2 scaling solution was overwhelmed with demand for the first OP governance token airdrop,

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