Gulf Binance Receives Digital Asset Operator License for Expansion into Thailand
Group Gulf Binance, which combines the world's largest cryptocurrency exchange and the company Gulf Innova, announced that it has successfully received a license of digital asset operator from the Ministry of Finance of Thailand. The crypto exchange plans to begin operati ...
China’s Crypto Buzz: CCTV Story Sparks Excitement and Anticipation
Changpeng Zhao, CEO of cryptocurrency exchange Binance, said that after China Central Television CCTV broadcast a story about cryptocurrency, "all of China is literally buzzing." "CCTV just aired a story on cryptocurrency.. It's meaningful.. Chinese-speaki ...
Hong Kong Securities and Futures Commission to Allow Retail Investors to Trade Cryptocurrencies from June 2023
According to Bloomberg, the Hong Kong Securities and Futures Commission (SFC) is going to officially allow retail investors to trade in cryptocurrencies from June 2023. The relevant provisions are captured in a new set of rules. Thanks to the development of the cryptoc ...
Hong Kong Securities Regulator to Allow Retail Investors to Trade Cryptocurrency
SFC announced preparations at the beginning of the year This decision precedes the introduction of a licensing regime for exchanges on June 1 The conference will begin at 3:15 pm (Kiev time) The Hong Kong Securities and Futures Commission (SFC) will h ...
Tether Diversifies Reserves, Invests $1.5 Billion in Bitcoin: Tether’s Approach to Asset Management
The management of the operator of the largest stabelcoin Tether decided to invest in bitcoin up to 15% of net profit every month to diversify reserves. As of now, the company has already invested $1.5 billion in BTC. While many com ...
Hong Kong Regulator Prepares to License Cryptocurrency Exchanges
The Hong Kong Securities and Futures Commission (SFC) said it is preparing rules for licensing cryptocurrency exchanges and will present them next month.</div Bloomberg cited SFC CEO Julia Leung as saying that the new guidelines and regulations will support cryptocurrenc ...
Thai SEC to Ease Restrictions on ICO Investments for Retail Investors
The Thai Securities and Exchange Commission (SEC) is looking to ease up on its strict approach towards initial coin offerings (ICOs) and eliminate restrictions for retail investors. Previously, the regulator had placed a cap of 300,000 Thai baht (equivalent to around $8,725) for retail investors ...
Ripple (XRP) Price Analysis: Will the Whales’ Selling Trigger a Correction?
XRP, also known as Ripple, has surpassed the $0.45 mark for the first time since November 2022. Despite the bullish sentiment, on-chain analysis indicates that the market's whales are poised to unload their holdings. It remains to be seen how much XRP will decline in the following weeks. As the p ...
UK Financial Conduct Authority Discusses Asset Management Improvements Through Tokenization
The Financial Conduct Authority (FCA) in the UK has recently released a discussion paper which outlines several ways to enhance asset management, including the use of tokenization. According to the regulatory body, digital tokens and blockchain technology can provide new opportunities for fund pa ...
Hong Kong’s Crypto-Friendly Policies Attracting Cryptocurrency Firms
According to Christian Hui, the Minister of Financial Services in Hong Kong, the city's crypto-friendly policies are drawing the attention of numerous crypto companies, with over 80 expressing interest in establishing offices. This surge in interest is attributed to the official announcement of s ...
Majority of Retail Bitcoin Investors Experience Losses, says BIS Report
According to a recent report from the Bank for International Settlements (BIS), a majority of retail Bitcoin investors have incurred losses in the past seven years. As per the report's authors, the average retail investor has lost roughly half of their investments since August 2015 until December ...