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Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week, the Hong Kong Monetary Authority (HKMA) revealed it intervened in forex markets on Wednesday. Hong Kong’s central bank detailed that
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Turkish President Recep Tayyip Erdogan is reportedly pushing for Turkey and Russia to establish a new payment system between them. The initiative comes amid U.S. pressure against the use of the Russian Mir cards in Turkey. Some Turkish banks have been working with them to facilitate payments by Russian tourists
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“As long as it meets the criteria, then they could be included in the white list. So it's a very open and very transparent method of creating a white list,” said Jay Jayawijayaningtiyas, the country manager of crypto exchange Luno, which is a member of the ABI. Luno's parent company,
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The rule would require at least two-thirds of directors and commissioners at domestic crypto exchanges to be Indonesians residing in the country. Original Source
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South Korea’s ‘blockchain’ city of Busan continues to establish agreements with cryptocurrency industry heavyweights as Huobi Global enters the development ecosystem.Huobi Global and its Korean branch became the latest exchange to sign a memorandum of understanding with the Busan Metropolitan City government to participate in the growth of its blockchain
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The Japanese government has become one of the first to issue nonfungible tokens (NFTs) as a form of supplementary rewards to recognize the work of local authorities who have excelled at using digital technology to solve local challenges.The awards were handed out by the Cabinet Secretariat, a government agency that
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South Korea’s second-largest city Busan has announced a partnership with crypto trading platform FTX to build a local crypto exchange and foster blockchain development.Sam Bankman-Fried’s FTX will assist in creating the Busan Digital Asset Exchange as per an official statement from the Busan Metropolitan City on Aug. 30. The Bahamian-based firm
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Kripto Maksima is one of 25 crypto exchanges registered with Indonesia's Commodity Futures Trading Regulatory Agency, known as Bappebti. The regulator stopped issuing new registration certificates for crypto firms earlier this month, with the aim of making trading activities "transparent, efficient and effective," Tech in Asia reported, referencing a Bappebti
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The firm did not disclose the deal size. Original Source
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Candidates for state and local offices in California will once again be allowed to accept donations in cryptocurrency after a ban was lifted by the state's Fair Political Practices Commission (FPPC) on Thursday. The ban was imposed in 2018.California was one of nine states that had banned political contributions in
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