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The Bank of Thailand will launch a retail central bank digital currency (CBDC) pilot project in a regulatory sandbox this month. Three payment providers will take part, according to local media. The project will involve up to 10,000 users and run through August.Bank of Ayudhya (Krungsri), Siam Commercial Bank and
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto.com has made the decision to discontinue its institutional exchange service for clients in the United States, with the suspension set to take effect on June 21. The Singapore-based cryptocurrency exchange attributed the move to a combination
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The United States Securities and Exchange Commission (SEC) is seeking ‘alternative service’ from the U.S. District Court in Washington, D.C., to issue a legal summons to Changpeng Zhao, the CEO of cryptocurrency exchange Binance.Zhao and Binance were recently sued by the SEC over alleged unregistered securities operations. Related: SEC sues Coinbase
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Crypto.com will no longer serve institutional clients in the United States after announcing the suspension of the service from June 21.The Singapore-based cryptocurrency exchange cited limited demand from institutional customers as a primary reason for the move which has been exacerbated by testing prevailing market conditions. A statement from Crypto.com
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Armstrong insisted Coinbase would not be at risk of a bank-run-like rush of withdrawals similar to those some of its peers have suffered. “All the funds are backed one-to-one, and you don't have to take our word for it,” Armstrong said. “As a public company, we have auditors … who
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Cross-chain protocol Multichain revealed on May 31 that its team has been unable to contact its CEO, Zhaojun, fueling rumors that the protocol’s leadership may have been arrested in China amid ongoing technical issues. “The team has done everything possible to maintain the protocol running, but we are currently unable to
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Hardware crypto wallet firm Ledger has faced harsh criticism from the crypto community after announcing its “Recover” service, which is an optional paid feature that will eventually allow users to back up and restore their private seed phrase.Due to concerns expressed about the security elements of Ledger Recover, the hardware
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cryptocurrency exchange platform Huobi has announced the launch of Huobi HK, an initiative that aims to provide cryptocurrency trading services to users in Hong Kong. According to the announcement on May 29, the platform aims to provide
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Cryptocurrency exchange Bybit continues the expansion of its operations after receiving “in-principle” approval from regulators in Kazakhstan. On May 29, the exchange announced its pre-approval from Kazakhstan’s Astana Financial Services Authority (AFSA) to operate as a digital asset trading facility and as a custody services provider at the Astana International Financial
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