The Reserve Bank of India (RBI) has raised concerns about cryptocurrencies, including stablecoins, warning they pose significant risks to the country’s financial stability. In its latest 2024 Financial Stability Report, the RBI noted that despite a surge in crypto...
Hong Kong lawmaker Wu Jie has called on the region’s government to explore the possibility of including Bitcoin in its fiscal reserves, according to a local media report. The report revealed that Wu suggested the Hong Kong Special Administrative...
The People's Bank of China recently released its China Financial Stability Report 2024, which offers a detailed analysis of global cryptocurrency regulations, focusing on Hong Kong's regulatory progress. The report highlights increased global regulatory oversight of crypto assets following...
The National Bank of Cambodia (NBC) has authorized commercial banks and payment service providers (PSPs) to offer limited services involving crypto assets, excluding unbacked cryptocurrencies. The policy update, detailed in a directive issued on December 26, 2024, permits the...
The crypto industry is at a pivotal moment. Once hailed as a beacon of financial freedom, it now grapples with regulatory pressures that threaten to dilute its revolutionary ideals. Policies like Know Your Customer (KYC) and Anti-Money Laundering (AML)...
The Russian government has approved a sweeping ban on cryptocurrency mining in ten regions, effective January 1, 2025, through March 15, 2031. The decision, reported by the State-owned news outlet TASS on December 24, addresses local electricity shortages and...
Singapore appears to have edged ahead of Hong Kong in the race to become the leading crypto hub in Asia. Both cities are vying for dominance by introducing specialized regulatory regimes, tokenization initiatives, and innovation-driven sandboxes. However, Singapore's proactive...
The United States and South Korea are reportedly collaborating on developing advanced mechanisms to combat cryptocurrency thefts allegedly tied to North Korea. According to South Korea's Yonhap News Agency, the two nations have signed an agreement to jointly develop...
Orbs, a blockchain-based Layer-3 protocol focused on enhancing DeFi infrastructure, has launched Liquidity Hub V2 to revolutionize liquidity optimization across the cryptocurrency ecosystem. The update introduces advanced features that deepen on-chain liquidity for decentralized exchanges (DEXs) and enhance the...
Hong Kong is intensifying its efforts to establish itself as a global cryptocurrency hub. It is currently the 5th-largest crypto market in Asia. The city’s administration has already set up many initiatives to achieve this goal. For instance, by...
