Hong Kong Sets Up Task Force for Web3 Development
Hong Kong wants to be a Web3 hub, Financial Secretary Paul Chan said.
crypto
Australian Payment Provider Cuscal Imposes New Restrictions on Crypto; Industry Body Criticizes Move
Payments provider Cuscal, through its partner Zepto, has brought new banking restrictions on cryptocurrency exchanges in Australia.
UK Crypto, Stablecoin Laws Approved by Parliament’s Upper House
The Financial Services and Markets Bill stands to recognize crypto as a regulated activity and stablecoins as a means of payment.
House Bill Shows Challenge of Regulating Crypto Without Giving TradFi a Free Pass
House Republicans Patrick McHenry and GT Thompson face a central problem drafting their crypto bill: Removing SEC discretion over whether a crypto token is a security allows issuers of traditional stocks and bonds the opportunity to arbitrage regulation, writes Todd Phillips.
India’s RBI Intends to Push G-20 to Focus on Crypto’s Macro Risks
India’s central bank is trying to expand the global narrative around cryptocurrencies beyond “financial stability and integrity to macro-financial and cross-sectoral implications and risks of crypto-assets.
South Korea Lawmakers Pass Law Requiring Officials to Disclose Crypto Holdings: Report
Lawmakers recently called for the Bill to take effect within two months.
Crypto, TradFi Broadly Welcome IOSCO’s Proposed Norms for Digital Asset Markets
The global regulator for securities markets released its first set of policy recommendations for the crypto sector on Tuesday.
South Korea’s Ruling Party Calls to Expedite Bill on Lawmakers’ Crypto Disclosures: Report
The leader of South Korea’s ruling People Power Party wants a new bill requiring lawmakers and high-level government officials to declare their cryptocurrency-related assets to be implemented within two months.
UK Will Need New Laws to Accommodate Future Digital Pound, Lawyers Say
Should the country decide to issue a digital pound, existing data protection, security and anti-money laundering rules would need amending, said Louise Abbott, partner at U.K.-based Keystone Law.
Coinbase Cloud Joins Chainlink as Node Operator to Bolster Security
Telecoms giants Swisscom, Deutsche Telekom and news provider Associated Press are also Chainlink node operators.