Day: 9 May 2023

Introduction  Over the past few years, blockchain technology has transformed the financial industry, fundamentally changing how we exchange assets and think about finance. One exciting project in this area is Gnosis, a decentralized prediction market platform built on the Ethereum blockchain. Leveraging Ethereum blockchain technology, Gnosis offers a decentralized prediction ...

Hong Kong's Chief Executive Officer of the Monetary Authority, Eddie Yue, has announced that the city is open to cryptocurrency companies, but they will abide by its stringent regulations. Yue made these comments while speaking at Bloomberg Wealth Asia Summit on May 9, 2023. China and Hong Kong is known ...

A new survey by Goldman Sachs reveals that wealthy individuals are increasingly investing in digital assets and blockchain technology. According to the survey, 32% of family offices now invest in digital assets, including stablecoins, non-fungible tokens (NFTs), decentralized finance (DeFi), and blockchain-focused funds. The survey also reveals that family offices ...

Coinbase has requested changes to the U.S. Securities and Exchange Commission's (SEC) proposed regulation on registered investment advisers' (RIAs) responsibilities to hold client assets with qualified custodians.  In a letter sent to the U.S. SEC on May 9, 2023, the exchange argued that the proposed rulemaking, Safeguarding Advisory Client Assets, ...

Cryptocurrency industry supporters have raised concerns about a proposed regulation by the U.S. Securities and Exchange Commission (SEC) that would tighten laws surrounding crypto custody. The Blockchain Association, an advocacy group, and Web3 venture capital firm Andreessen Horowitz (a16z) have both written letters to the regulator, arguing that the proposal ...

Estonia's recent amendments to its anti-money laundering (AML) laws have resulted over 300 virtual asset service providers (VASPs) either ceasing operations or have their licenses revoked. The amended laws included the adoption of the Financial Action Task Force Travel Rule, which broadened the definition of VASPs, increased information reporting requirements, ...