Hong Kong to Introduce a New Stablecoin Legislative Framework
A licensing regime for stablecoin issuers has been announced by Hong Kong’s financial authorities as part of the region’s legislative proposal to regulate the industry.
US House Fails to Override Biden’s Veto of SEC Cryptocurrency Rule
Despite a majority of representatives voting against the veto of SAB 121, the required number of votes to overturn it was not reached.
Bank of Italy Will Publish Crypto Guidelines in a Few Days
The central bank of Italy will release in the coming days guidelines on how to implement the new European Union regulations regarding cryptocurrencies.
US House Might Overturn Biden’s SAB 121 Veto
The House of Representatives may vote this week to overturn United States President Joe Biden’s veto of Staff Accounting Bulletin 121.
South Korea Launches a Crypto Monitoring System
The Financial Supervisory Service of South Korea has announced it has created a new 24-hour surveillance system for the cryptocurrency market.
Hong Kong Regulators Plan to Evaluate Existing Crypto Rules
According to Hong Kong’s financial secretary, the regulations surrounding cryptocurrency-related activities will be continuously reviewed as the industry continues to evolve.
Paxos Receives Full Regulatory Approval in Singapore
The Monetary Authority of Singapore (MAS) has granted full regulatory approval to Paxos International, a blockchain and tokenization platform.
