Hong Kong to Permit Licensed Crypto Exchanges to Offer Services to Retail Investors

Hong Kong will open crypto trading activities to retail investors starting June 1, 2023. Hong Kong’s Securities and Futures Commission (SFC) has released the results of its consultation paper on regulating crypto assets in the country. In an announcement on May 23, 2023, the financial watchdog said it received 152 submissions from key players in … Read more

OTC Markets Secures FINRA Approval to Offer Digital Assets as Securities

If the US SEC classifies cryptocurrencies as securities, OTC Markes will be well-positioned in providing liquidity to these assets in the future. During its earnings call earlier this week, OTC Markets announced that it has secured FINRA approval in order to provide services for digital assets as securities. This is a major development as it … Read more

Hong Kong Monetary Authority Advises Banks to Offer Support to Crypto Firms

The push to support crypto is gaining traction in Hong Kong as some banks are already pledging support to the industry. The Hong Kong Monetary Authority (HKMA) is truly doubling down on its efforts to provide full support to the digital currency ecosystem with its recent circular to banks operating on the island. In the … Read more

Binance.US to Offer Web3 Branded Domains Minted on Polygon Blockchain

Using the Binance.US Web3 domain names, the exchange’s users will be able to easily transfer or buy/sell digital assets within its app. In an interesting development, Binance.US announced its partnership with Web3 domain name provider Unstoppable Domains to offer branded domain names with Binance.US minted on the Polygon blockchain network. In an announcement on Wednesday, … Read more

London Stock Exchange-backed LCH to Offer Bitcoin Index Derivatives Clearing Services from Q4 2023

Subject to regulatory approval, LCH has partnered with GFO-ax to offer the clearing of Bitcoin index derivatives. As the Bitcoin and broader cryptocurrency market gain global recognition amid banking crisis, the United Kingdom institutional investors can rest assured the Rishi Sunak government is pro-digit assets. In a stunning move, the London Stock Exchange (LSE) through … Read more