Source: Cointelegraph The Hong Kong Monetary Authority has selected three parties for assessment in its stablecoin issuers sandbox. A day after winding up the consultation period on stablecoin issuer regulations, the Hong Kong Monetary Authority (HKMA) announced the first participants in its stablecoin issuer sandbox. They are a company linked to a large Chinese e-commerce… Continue reading Animoca, Standard Chartered team up in HKMA stablecoin sandbox
Tag: Regulation
European Central Bank releases first CBDC progress update
Source: Cointelegraph The ECB promised pseudonymization and independent audits of the CBDC system to calm consumer fears of tracking. The European Central Bank (ECB) released its first progress report on developing a central bank digital currency (CBDC) in a June 24 update. Privacy provisions were a main focus, with the ECB promising pseudonymization, hashing functions,… Continue reading European Central Bank releases first CBDC progress update
Blockchain Association and crypto activist group sue SEC over ‘Dealer Rule’
Source: Cointelegraph The Blockchain Association and a Texas-based crypto activist group are suing the SEC over its controversial “Dealer Rule” expansion, arguing it threatens the digital asset industry and innovation. The Blockchain Association (BA) and the Crypto Freedom Alliance of Texas (CFAT) revealed a new lawsuit against the United States Securities and Exchange Commission (SEC)… Continue reading Blockchain Association and crypto activist group sue SEC over ‘Dealer Rule’
Grayscale introduces crypto investment fund that prioritizes staking rewards
Source: Cointelegraph Investors must have assets under management exceeding $1.1 million or a net worth over $2.2 million to qualify for Grayscale’s Dynamic Income Fund. Grayscale Investments has announced an investment fund tailored to sophisticated clients eager to expose their portfolios to income generated from staking cryptocurrency tokens. According to a recent statement, the Grayscale… Continue reading Grayscale introduces crypto investment fund that prioritizes staking rewards
