U.S. Regulator Probes FTX Over Handling of Client Funds
The U.S. securities regulator is investigating crypto
exchange FTX.com's handling of customer funds amid a liquidity crunch, as well
as its crypto-lending activities, a source with knowledge of the inquiry said
on Wednesday.
Stablecoin Issuer Paxos Receives Operating License From Singapore Regulator
Paxos is the latest company to secure a license in Singapore, allowing it to offer blockchain or crypto services to local businesses. Paxos, the issuer of the USDP stablecoin, can offer crypto products and services in Singapore after securing the license under the nation's Payment Services Act.
Singapore Grants Stablecoin Issuer Circle In-Principle License to Offer Payment Products
Stablecoin issuer Circle has received an in-principle license from the Monetary Authority of Singapore (MAS), allowing it to operate as a payments company in the country.
Government issues Policy Statement on development of Virtual Assets in Hong Kong
The Government today (October 31) issues a policy statement on the development of Virtual Assets (VA) in Hong Kong. The statement sets out the Government's policy stance and approach towards developing a vibrant sector and ecosystem for VA in Hong Kong. The following topics are covered in the statement:
