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US Fed to launch its payment network in 2023

0xMain
March 16, 2023

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The United States Federal Reserve has announced that its own instant payment service will go live in July. Dubbed FedNow, the solution will enable instant payments on a 24/7 basis within the US. The Federal Reserve‘s financial services division has announced plans to...

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Kraken continues bank launch plans amid regulatory hurdles

0xMain
March 6, 2023

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Kraken is still steadfast in launching its bank, despite facing a harsh regulatory landscape and several charges of violating securities laws by the US Securities and Exchange Commission. According to Marco Santori, the Chief Legal Officer at Kraken, the launch is on track....

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Gate.io to launch in Hong Kong as government invests $6.4m in web3

0xMain
February 23, 2023

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Crypto exchange Gate.io has announced its plans to launch in Hong Kong following the government’s cash injection of HKD 50 million ($6.4 million) into web3 under the city’s 2023-24 budget. On Feb. 22, Gate Group announced it would apply for a cryptocurrency license...

Huobi seeking Hong Kong license to launch local exchange

0xMain
February 20, 2023

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Huobi is taking steps to gain approval from Hong Kong regulators to operate in the city, and also establish a local subsidiary that will cater to institutional investors. Huobi looking to service Hong Kong customers In a tweet thread on Feb. 20, 2023,...

UK trade groups launch crypto coalition

0xMain
January 12, 2023

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According to a statement issued by its five members group, the City of London has joined forces with some trade associations to create the UK Forum for Digital Currencies. This alliance will fight for better policies, practices, and regulations around digital currencies. The...

South Korean regulators launch a new investigation into crypto exchange Bithumb

0xMain
January 12, 2023

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South Korea’s National Tax Service (NTS) is reportedly conducting a special tax inquiry into Bithumb. South Korean crypto exchange Bithumb has recently drawn the attention of the country’s tax and legal authorities. The tax authorities have decided to launch a “special” investigation into...