Contagion among South Korean crypto lending firms, Bank of China mints $28 million debt note using Ethereum, Do Kwon back in jail yet again as extradition proceedings commence. Find out more in Asia Express.
While some jurisdictions have adopted a regulation-by-enforcement approach toward crypto, others are doing the opposite. According to a June 15from The Financial Times, the Hong Kong Monetary Authority is pressuring major financial institutions to accept crypto clients. But it’s not just regulators laying down a red carpet to boost the special administrative region’s Web3 industry.
stipulating the requirements for cryptocurrency exchanges to apply for a license to operate in Hong Kong. For regulated trading platforms, a license application must be submitted to the Securities Regulatory Commission within nine months, or before Feb. 29, 2024. If not, their business in Hong Kong must be terminated before May 31, 2024.On Jun.
Previously, UBS had issued a $50 million tokenized fixed-rate note in Dec. 2022. Meanwhile, the government of Hong Kong issued an 800 million Hong Kong dollar tokenized green bond on Feb. 16, 2023, underwritten by four banks and priced with a yield of 4.05% per annum. Terraform Labs CEO Do Kwon and CFO Han Chang Joon back to jail pending extradition proceedings to South Korea for charges relating to their role in the $40 billion collapse of the Terra Luna ecosystem.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
The Bank Of China Just Issued Ethereum Assets Worth $28 MillionBank of China's recent issuance of $28 million in digital structured notes on Ethereum is significant, but is it actually a shift in attitude by regulators?
Consulte Mais informação »
China-led AIIB's communications chief quits, criticises bank's managementThe global communications director of the China-led Asian Infrastructure Investment Bank (AIIB) said on Wednesday he had resigned and criticised the bank as 'dominated by the Communist Party', allegations which the AIIB said were 'baseless'.
Consulte Mais informação »
Executive of China-Backed Infrastructure Bank Criticizes It After QuittingThe communications chief of a China-backed infrastructure bank resigned, accusing management of being “dominated by the Communist Party”—allegations that the bank called baseless
Consulte Mais informação »
PBOC cuts one-year MLF rate to 2.65% from 2.75% previous, as expectedOn Thursday, China's central bank, the People’s Bank of China (PBOC), lowered the one-year Medium-term Lending Facility (MLF) rate to 2.65% from 2.75%
Consulte Mais informação »
AWS went down in the US, but Ethereum kept hummingThe ethereum network was unaffected by the recent awscloud outage despite a majority of its nodes relying on the centralized cloud hosting provider.
Consulte Mais informação »
Is This $738 Million Ethereum (ETH) Whale Weirdest One?$738 million worth of $ETH sent on Coinbase by this whale were acquired in a really weird way
Consulte Mais informação »