Regulators are your friend, IMF official tells crypto industry
Deputy director of monetary and capital markets at the IMF, Dong He, said at Hong Kong Fintech Week on Tuesday that his message to the crypto industry is to embrace regulation.
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Web 3.0 suffers from hype, fragmentation, say industry experts
Interconnectivity is on the way, even as various segments of the Web 3.0 ecosystem are largely disconnected from reality and one another, said Web 3.0 experts at Hong Kong Fintech Week on Tuesday.
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mBridge participants to end domestic payments of foreign CBDCs
Bank of Thailand’s Vachira Arromdee said on Tuesday the four central banks in the mBridge CBDC trials agreed to end use of foreign CBDCs domestically.
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Markets: Bitcoin, Ether rise; Dogecoin, Shiba Inu biggest gainers in top 10 crypto
Bitcoin and Ether traded up in Tuesday afternoon trading in Asia, while memecoins Dogecoin and Shiba Inu were the biggest gainers among the top 10 coins by market capitalization excluding stablecoins.
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India seeks info from crypto exchanges as it mulls GST on asset class: report
India’s Central Board of Indirect Taxes & Customs (CBIC), responsible for policy formulation and collection of indirect taxes like the goods and services tax (GST), has asked major cryptocurrency exchanges to provide details on the type of digital coins and tokens being traded and their valuation.
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Coinbase seeks to weigh in on XRP lawsuit to support Ripple against SEC
Crypto exchange Coinbase has requested to file an amicus brief in support of Ripple to weigh in on the ongoing lawsuit between the SEC and Ripple.
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JP Morgan, Standard Chartered execs disagree over Bitcoin’s significance
JPMorgan Chase and Standard Chartered execs were in disagreement at Hong Kong Fintech Week over how significant Bitcoin and the wider crypto industry are.
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S.Korea sees passing crypto investor protection as a priority: report
The country looks to pass an initial bill that focuses on protecting digital asset investors and preventing unfair trade acts, ahead of wider legislation.
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Bankman-Fried calls wealth-based barriers to crypto investment classist, racist
The billionaire founder of crypto exchange FTX, Sam Bankman-Fried, criticized regulations in Hong Kong and elsewhere that limit access to crypto investment to wealthy investors.