Government Drops Plan for Crypto Exchange, Shifts to Using Exchanges for Global Payments Russia, after investing significant efforts in shaping its domestic cryptocurrency policy, is now focusing on implementing a new payment system that incorporates cryptocurrencies. As per reports from Izvestiya, the government has decided to forgo the idea of launching its own cryptocurrency exchange…
India has experienced a remarkable surge in crypto adoption, primarily fueled by the ongoing digitalization efforts. On the other hand, China and Mexico have witnessed relatively restrained growth, potentially due to certain constraints. Meanwhile, South Africa and Spain have made modest progress, indicating a promising outlook for crypto adoption in these regions. Bitcoin, the leading…
In a significant development, leaders within Hong Kong’s Web3 industry unveiled the establishment of two new associations, namely the Hong Kong Licensed Virtual Assets Association (HKLVAA) and Web3 Harbour. The announcement was made at the Radical Finance Asia event on Monday. These associations have a common objective of fostering the growth and advancement of the…
The chief inspector of the Cyber Security and Technology Crime Bureau (CSTCB) cautioned that the metaverse is just as vulnerable as the regular internet, stating that all types of cybercrimes can occur within the metaverse as well. Hong Kong Police Force’s Cyber Security Unit introduces Cyber Defender, a new metaverse platform aimed at raising public…
Upon its launch, users will have the opportunity to trade four different cryptocurrencies. Hong Kong’s securities regulator has made the decision to permit retail trading of cryptocurrencies. Huobi Global has shared its plans to open a branch in Hong Kong on June 1st, catering to users in the city-state. This development comes after a turbulent…