Hong Kong legislator to discuss Bitcoin integration in fiscal reserves
By engaging with stakeholders and focusing on compliance, Wu aims to position Hong Kong as a leader in the adoption of Bitcoin and Web3 technologies. Go to Source
Regulatory Compliance
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Bitget Wallet tops Nigeria’s app store as OKX exits market
Bitget Wallet’s surge in popularity among Nigerian users highlights its growing appeal in the Web3 space, amidst evolving digital finance trends. Go to Source
HKX joins list of crypto exchanges to quit Hong Kong market
HKX management advises users to withdraw assets following its decision to halt operations in Hong Kong due to regulatory compliance issues. Go to Source
Arkham transfers $487M ARKMs to Coinbase Prime for tax compliance
As the unlocking process progresses, the involvement of Coinbase Custody will play a crucial role in managing the vesting of these tokens. Go to Source
Former Consensys employee launches new stablecoin amid regulatory uncertainty
Former Consensys employee Jack Jia, co-founder of Stable.com, launches new stablecoin USD3 amid regulatory uncertainty and shifting stablecoin narratives. Go to Source
Regulators are cracking down on financial privacy, but ZK-proofs can help
The convergence of ZK-proofs and decentralized identity systems could create more compliant privacy-preserving protocols, without sacrificing user privacy. Go to Source
SEC Opposes Coinbase’s Appeal Request in Ongoing Legal Battle
The U.S. Securities and Exchange Commission (SEC) has urged a federal court to deny Coinbase’s interlocutory appeal, following a recent court decision that allowed a lawsuit involving the SEC and the cryptocurrency platform to proceed. Last month, Coinbase sought appellate review after failing to get the case dismissed, marking a significant development in the ongoing … Read more
Australian Tax Office seeks data from 1.2 million crypto exchange users: Report
The personal and crypto-transaction related details could help identify users who failed to report their tax obligations, according to the Australian Tax Office. Go to Source
Revolut debuts dedicated crypto exchange for UK users
Revolut announced its new Revolut X crypto trading platform for U.K. retail users, which it claims will offer fixed low fees and easy fiat-to-crypto conversion. Go to Source
Nigerian fintechs crack down on crypto, users face account blocks
The Nigerian central bank’s attitude to crypto has been inconsistent in recent years, and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening. Go to Source
