Hong Kong Authorities Remind Banks Not To Be Too Hasty in Rejecting Digital Asset Clients
One size does not fit all when it comes to Anti-Money Laundering (AML), the Hong Kong Monetary Authority (HKMA) reminded banks on April 27. Banks should not make it unnecessarily hard to open accounts.
Silicon Valley-Based Tech Accelerator Expands Its Digital Asset Vertical to France
Plug and Play Tech Center, an accelerator based in California’s Silicon Valley, will expand its crypto and digital assets vertical to France, the company announced April 25.
Bitcoin ‘Profit-Taking’ Helps Snap Six-Week Run of Digital Asset Inflows: CoinShares
Bitcoin outflows of $53 million helped snap a six-week run of inflows to digital asset investment products, according to CoinShares.
Texas Digital Asset Service Provider Bill Passes House Vote
The Texas House of Representatives approved the digital asset service provider bill on April 20.
Asia Crypto: Is Hong Kong Rising?
Now that Hong Kong has established “regulatory clarity”, the lack of which is so often bemoaned by the crypto community, it appears poised to establish itself as an Asian crypto center.
Crypto Evening Briefing: Hong Kong Web3Hub Fund Officially Launched Today
The fund has a scale of $10 million and aims to encourage more companies to settle in Hong Kong by combining blockchain and artificial intelligence to provide a convenient and cost-effective platform.
Paxos Debuts Whitepaper - "How the Crypto Winter May Help Save the Digital Asset Economy"
New report uncovers key attitudes in the crypto industry following the collapse of various market participants and broader market turbulence.
Google Selects SpaceChain into its Startups Program
SpaceChain gains support from Google with access to technology, best practices, and business support to propel its global growth.SpaceChain established the first satellite platform to provide secure custody, transact digital assets, deploy smart contracts, and facilitate Decentralized Finance Infrastructure ("DFI") on space nodes.
Bitfinex Securities El Salvador Receives Digital Asset Service Provider License in El Salvador
Digital asset exchange “Bitfinex Securities El Salvador” has received a digital asset service provider license under El Salvador's new Digital Assets Issuance Law, which was passed by El Salvador's National Congress in January 2023, with the goal of fostering increased financial innovation and growth in the Central American country.
117-Year-Old Swiss Retail Bank PostFinance Taps Crypto
While crypto companies in the United States are fleeing to more favorable jurisdictions, traditional financial institutions elsewhere are increasingly tapping the digital asset space. In the latest development, Swiss government-owned retail bank PostFinance partnered with Sygnum to offer its customers a range of regulated digital asset banking services.
