US Lawmakers To Hold Digital Asset Spot Market Hearing Next Week
The House Agriculture Committee in the US will hold a hearing on June 6 titled "The Future of Digital Assets: Providing Clarity for Digital Asset Spot Markets".
Texas House Bill 1666 to Regulate Cryptocurrency Digital Asset Providers
House Bill 1666, which aims to regulate digital asset providers in the cryptocurrency industry, has been passed unanimously in both chambers of the Texas legislature and is now awaiting the governor's signature. The bill, proposed by State Rep.
Nami Foundation Enhances Compliance with Chainalysis Blockchain Data Platform
Nami Foundation, a leading digital asset and technology financial economics organization in Vietnam, has partnered with Chainalysis to strengthen its transaction monitoring and investigation capabilities for detecting money laundering and terrorist financing on its blockchain services.
Hunting Hill Global Capital Launches Digital Asset Affiliate, Hunting Hill Digital, with Crypto 25 Fund as First Product
Hunting Hill Global Capital, a traditional finance hedge fund based in New York with $364 million in assets under management, has announced the launch of its digital asset affiliate, Hunting Hill Digital (HHD).
Rakkar Digital Launches Custodian Services After Obtaining TSCP License in Hong Kong
Singapore-based company Rakkar Digital has launched its digital asset custodian services for institutional and enterprise clients across Southeast Asia and Hong Kong. The launch follows the company's recent acquisition of a Trust or Company Service Provider (TCSP) Licence in Hong Kong, which requires compliance with Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) regulations.
SEC Settles With Fraudulent Digital Asset Hedge Fund EmpiresX for $35M
The SEC has settled with digital asset hedge fund EmpiresX for $34,839,951 in disgorgement over charges of defrauding investors and violating securities law. EmpiresX and its founders were accused of luring investors with false claims of daily profits and misappropriating large sums of investors' money for personal use. The settlement imposes a disgorgement of $32,178,397 and an additional $2,661,554 in interest.
OKX Files Application to Become Registered Digital Asset Service Provider in France
OKX, the world's second-largest crypto exchange and a Web3 technology company, has applied to become a registered Digital Asset Service Provider in France under the strict requirements of the AMF and ACPR. This move demonstrates OKX's commitment to expanding its European presence, with France as a significant hub. Registration with the AMF will allow OKX to offer a range of products and services to customers in France in full compliance with local regulations. However, it is important to note that digital assets involve a high degree of risk and OKX is not regulated by the FCA, so individuals should consult with their legal/tax/investment professional before trading or holding digital assets.
Regulators Worldwide Introduce Rules for Digital Asset Industry, While US Experiences Fragmentation and Fighting
Regulators across the globe are introducing regulations for the digital asset industry. The EU Parliament has approved the most comprehensive framework for digital assets ever, while Hong Kong and Singapore are competing with Japan to become the digital asset hub of the Asia-Pacific region.
Ethereum's Beacon Chain Sees Significant Inflows Despite Initial Predictions of Outflows Following Shanghai Upgrade
Since staking withdrawals were enabled on April 12th, over $7.7 billion worth of Ethereum has been deposited into Ethereum's (ETH) Beacon Chain, which is a core component of Ethereum 2.0.
ASX Abandons Blockchain-Based Software Overhaul for Stock Market Operations
ASX, Australia's stock market operator, has announced that it will not use blockchain-based technology for its software overhaul, marking a significant repudiation of the once-hyped concept. ASX had previously paused the rebuild of its trading, settlement and clearing software based on decentralised computing after an external review found it needed to be largely reworked.
