As per the recent decision by the SFC, retail investors in Hong Kong could start trading in Bitcoin and Ethereum this year.
The US SEC noted that Do Kwon misled retail and institutional investors by selling crypto assets securities in the form of "unregistered transactions”.
The SEC Chair said that the crypto custodial practices adopted by most exchanges might not clear the legal hurdles to keep clients’ assets safe.
The Polygon zkEVM system will help in scaling the Ethereum blockchain without compromising on security and preserving the existing Ethereum ecosystem.
Paxos has replied to SEC’s Well notice stating that it strongly disagrees with the regulator’s staff that BUSD is a security.
Latest report suggest that the SEC is planning to sue Paxos over the issuance and listing of BUSD stablecoin which it considers as an unregistered security.
Kraken announced that it will unstake all digital assets of its US users with immediate effect and agreed to pay the $30 million fine.
Brian Armstrong urged the SEC not to take the route of regulation through enforcement which could lead to businesses moving out of the US.
People familiar with the matter stated that the SEC is scrutinizing the tokens and other crypto product offerings by Kraken.
The BoE said that the Digital Pound CBDC will have programmability features and will co-exist with private stablecoins in the market.