Hong Kong Sets Up Task Force to Tackle Web3 Development
The Hong Kong government announced the launch of a task force aimed at fostering the development of the Web3 ecosystem.
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South Korea elevates financial statement requirements, as new crypto-crime unit launches.
The Hong Kong government announced the launch of a task force aimed at fostering the development of the Web3 ecosystem.
Singapore's Central Bank has instructed crypto firms to transfer user assets to a statutory trust by year end.
South Korean parliament approved a new unified crypto legislation aimed at improving investor protection.
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Binance is facing potential allegations of illegally exercising its status as a virtual service asset provider in France.
Hong Kong banks are reportedly afraid to take on crypto clients after major collapses in 2022.
Hong Kong plans to establish a framework for stablecoins by the end of next year.
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The draft bill attempts to, among other issues, resolve the gaps existing between the jurisdictions of the SEC and the CFTC.
The MAS demands stricter due diligence from crypto service providers.
Local sources stated that Russia plans to halt the development of its state-owned crypto platform.
Reports from earlier this month revealed that a top South Korean lawmaker secretly held and moved $4.5m in crypto funds.