Category: Crypto

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In a bid to intensify the crackdown on crypto, China is calling for strict measures against illegal foreign exchange trading involving USDT. China is seemingly preparing to double down on its crypto crackdown, with the Supreme People’s Procuratorate (SPP) and State Administration of Foreign Exchange (SAFE) highlighting criminal cases involving the USDT stablecoin in a recent statement, according […]

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In a significant move to regulate the burgeoning Hong Kong stablecoin market, the Hong Kong Monetary Authority (HKMA) the Financial Services, and the Treasury Bureau jointly announced a groundbreaking legislative proposal. Meanwhile, the initiative aims to establish a regulatory framework for stablecoin issuers, reflecting the evolving landscape of virtual assets. Notably, the proposal, marked by a comprehensive […]