Hong Kong Introduces Project Ensemble for wCBDC Tokenization
The Monetary Authority of Hong Kong (HKMA) has decided to launch a CBDC project that will tokenize deposits in asset-based transactions. This project will issue a wholesale CBDC
OKX Launches a New Trading Platform in Turkey
OKX, one of the biggest cryptocurrency exchanges in the world, has debuted trading services in Turkey. The new platform is set to offer cryptocurrency trading pairs made of
Foreign Cryptocurrency Exchanges to Face Difficulties in India
A survey conducted by Yahoo Finance in 2022 placed India as the fifth largest country in terms of Bitcoin and crypto investments. However, the Indian government has retained
South Korea to Shut Down Unfit Cryptocurrency Exchanges in 2024
The Financial Intelligence Unit of South Korea recently announced amending regulatory requirements for cryptocurrency trading platforms operating in the country. However, the regulators have plans to tighten the
FTX Estate Unloads Majority of Grayscale Bitcoin Trust Holdings
FTX holdings in GBTC amounted to 22.28 million shares, with over two-thirds liquidated during the initiation of spot ETF trading. FTX Estate Rapidly Sells Off GBTC Shares The
VanEck to Delist Bitcoin ETF Due to Lack of Investor Interest
The choice to delist the VanEck Bitcoin Strategy ETF occurred about a week following the approval granted by the SEC for the inclusion of shares from its spot
Apple’s App Store Removes Binance and 9 Other Crypto Exchanges in India
Apple’s App Store has recently barred access to nine cryptocurrency exchange apps including Binance in India. This action follows the Ministry of Finance’s alert targeting around twelve foreign
Nigeria’s Central Bank Approves the Launch of cNGN Stablecoin in February
The Africa Stablecoin Consortium confirmed cNGN adheres to the benchmarks set by the Nigerian SEC and the Central Bank of Nigeria. The upcoming stablecoin is scheduled for release
Japan to Remove Corporate Tax on Unrealized Cryptocurrency Gains
Companies within the country must currently settle taxes on potential profits from their cryptocurrency assets. However, as per suggested tax adjustments, they would only be obligated to pay
UK Investors Embrace Crypto Products for Higher Returns
Increasingly, investors in the UK are considering the prospect of investing in cryptocurrencies rather than consulting with a financial adviser to meet their anticipated returns. Changing Investment Trends