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EU firms up plans for introduction of digital euro

0xMain
June 14, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The European Union’s executive branch is set to propose a plan for a digital euro, mandating the ECB to establish usage regulations. The European Union’s executive branch is preparing...

Banks and digital asset firms to coexist in third wave of crypto adoption

0xMain
June 8, 2023

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The path to standardizing and upgrading cryptocurrency regulation across the globe has seen progress in recent years, as detailed in the recent panel discussion “Crypto Regulation in Europe: The Tipping Point” held during the Money20/20 event today. The panel was spearheaded by key...

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Coinbase and other firms reach out to US authorities

0xMain
June 6, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase’s chief legal officer, Paul Grewal will be testifying on capitol hill before the House Committee on Agriculture on June 6. Grewal will be discussing the need for amenable...

Research says consumer goods firms see huge potential in metaverse

0xMain
May 11, 2023

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European telecommunications and consumer goods firms are increasingly joining the metaverse bandwagon, with expectations that it will account for a substantial portion of their revenue by 2030, a study shows. More and more businesses are latching onto the metaverse train, as revealed by...

SEC faces criticism from five investment firms over custody rule proposal

0xMain
May 10, 2023

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Bain Capital Crypto and other prominent investment firms voice concerns over the proposed SEC custody rule change. Representatives from Bain Capital Crypto, Electric Capital, Haun Ventures, Dragonfly Digital and Ribbit Capital have joined other industry voices in opposing the Securities and Exchange Commission’s...

FTX’s Bankman-Fried challenges law firm’s role in prosecution

0xMain
May 10, 2023

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FTX founder Sam Bankman-Fried seeks to involve FTX’s current leadership and its legal representatives at Sullivan & Cromwell in the criminal case against him, claiming their extensive cooperation with the government. This move could significantly impact his defense strategy and bring new complications...

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EU approves MiCA, US crypto firms consider relocating amid regulatory uncertainty

0xMain
April 23, 2023

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This week, the crypto industry was largely dominated by regulatory developments. Industry leaders continued to express concerns about the regulatory climate in the United States, with some firms contemplating migrating in response to the Securities and Exchange Commission’s (SEC)crackdown. In contrast, the European...

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Chinese state-owned bank starts working with crypto firms in Hong Kong

0xMain
April 17, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied China Bank of Communications Co., Ltd.’s Hong Kong subsidiary reportedly collaborates with several crypto companies with secured licenses in Hong Kong. According to reports, the state-owned bank works with...

Wall Street firms embrace Avalanche blockchain for efficient financial transactions

0xMain
April 12, 2023

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T. Rowe Price Associates, together with several prominent Wall Street companies, is set to explore the potential of the Avalanche blockchain to revolutionize financial trade execution and settlement using a new application called Spruce. T. Rowe Price Associates is joining forces with several...

Hong Kong will issue licenses to crypto firms in 2023

0xMain
March 30, 2023

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The Hong Kong securities and futures commission (SFC) will reportedly issue licenses to at least eight crypto firms this year. The SFC’s anti-money laundering and counter-terrorist financing (amendment) ordinance will take effect in June. SFC to greenlight crypto firms As part of larger...