Regulation
G7 nations set to push for stricter cryptocurrency regulations at Japan summit in May
The Group of Seven industrial countries will discuss tougher rules on cryptocurrencies to improve transparency, protect investors.
Danny Park
Lens
Regulation & Law
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Advanced Blockchain Technologies
Hong Kong blockchain initiatives natural evolution for finance hub, says Signum Digital CEO
Hong Kong’s new crypto licensing regime isn’t the only bullish sign for the city’s digital asset industry, says Signum Digital, the first company to win a preliminary license to handle securitized tokens in the city.
Danny Park
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Regulation
Hong Kong may face backlog in virtual asset license applications as demand grows, former SFC regulator says
Angelina Kwan, who helped shape early Hong Kong automated trading services and internet trading regulation, told Forkast the upcoming virtual asset licensing regime is almost identical to that for traditional financial institutions.
Timmy Shen
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Regulation
Internal Revenue Service in U.S. solicits public opinions on proposed NFT taxes
The IRS intends to tax NFTs as collectibles in the U.S. and is soliciting public opinions on the proposal through June.
Tom Zuo
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Regulation
Indian crypto exchange WazirX blocks over 2,400 accounts in 6 months
WazirX, India’s largest crypto exchange by trade volume, has blacklisted over 2,431 accounts between October 2022 and March 2023, based on its internal monitoring process as well as under the direction of law enforcement agencies (LEA).
Pradipta Mukherjee
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Regulation
Over 80 Web3 firms in line to set up shop in HK, ahead of crypto regulations taking effect in June
Over 80 foreign and Mainland China companies have expressed their interest in establishing a Web3 company in Hong Kong, ahead of new crypto regulations that will take effect from June
Zoltan Vardai
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Regulation
Crypto data provider Kaiko to move Asia HQ to Hong Kong from Singapore: Bloomberg
Paris-based Kaiko will move its Asian headquarters to Hong Kong as it sees growing crypto-related opportunities in the city.
Danny Park
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Regulation
Who should be held responsible for the Silvergate Bank and SVB crises?
As bank after bank topples, fingers are pointing everywhere. But crypto is not to be blamed for this unfolding crisis, writes Winston Hsiao of XREX.
Winston Hsiao
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Regulation
Circle’s USDC bounces back after Silicon Valley Bank bust
Top blockchain and crypto news: USDC stabilizes after SVB collapse. Silvergate closes shop. China tightens financial supervision.
Forkast.News
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Regulation
New York attorney general sues KuCoin for ‘falsely representing itself as an exchange’
The NY State Attorney General is suing crypto exchange Kucoin for not registering as a securities and commodities broker-dealer and calling itself an exchange.
Dylan Butts
