News Explorer — Central Banks of Hong Kong and the United Arab Emirates to Cooperate on Blockchain and Virtual Assets

Generated by AI, curated by humans

May 30, 5:55 pm

Decrypt

Central Banks of Hong Kong and the United Arab Emirates to Cooperate on Blockchain and Virtual Assets

The central banks of Hong Kong and the United Arab Emirates have agreed to collaborate on financial infrastructure, cross-border trade settlements, and virtual asset regulation. Hex Trust, a crypto custodian based in Hong Kong, was one of the first to receive a license from the UAE's Securities and Commodities Authority. Finoverse, a fintech and Web3 platform, expects the two regions to cooperate more closely on blockchain technology. This could lead to the use of central bank digital currencies, which could speed up transfers and reduce costs.

The central banks of Hong Kong and the United Arab Emirates have agreed to collaborate on financial infrastructure, cross-border trade settlements, and virtual asset regulation. Hex Trust, a crypto custodian based in Hong Kong, was one of the first to receive a license from the UAE's Securities and Commodities Authority. Finoverse, a fintech and Web3 platform, expects the two regions to cooperate more closely on blockchain technology. This could lead to the use of central bank digital currencies, which could speed up transfers and reduce costs.

Latest

Jan 14, 10:06 pm

Decrypt

Coinbase Pulls Support for Crypto Market Bill, Poses Tension Over Stablecoin Yield Restrictions

Coinbase, a major player in the crypto industry, has withdrawn its support for the market structure bill just before a c... Read Summary

Jan 14, 6:48 pm

Coindesk

Figure's New Public Equity Network Enables On-Chain Issuance

Figure, a fintech firm led by SoFi founder Mike Cagney, has launched the On-Chain Public Equity Network (OPEN) for issui... Read Summary

Jan 14, 6:04 pm

Decrypt

Zcash Avoids SEC Action as Foundation Says Investigation Is Finished

The Zcash Foundation announced that the U.S. SEC has concluded an investigation without recommending enforcement action.... Read Summary

Jan 14, 5:16 pm

Coindesk

FTX Is About to Make Another Round of Payments—Here's When

FTX's bankruptcy estate plans to make its next payment to creditors on March 31, following an amendment to reduce disput... Read Summary

Jan 14, 4:58 pm

Decrypt

Ripple Acquires License From Luxembourg as European Expansion Continues

Ripple has obtained preliminary approval for an Electronic Money Institution license from Luxembourg's CSSF, following a... Read Summary

Jan 14, 4:30 pm

bitcoinmagazine.com

Human Rights Foundation Awards Nearly $1.3 Million in Bitcoin to Projects

The Human Rights Foundation (HRF) has allocated 1.3 billion satoshis to 22 global projects supporting financial freedom... Read Summary

Jan 14, 4:11 pm

Decrypt

Bitwise Launches Chainlink ETF as LINK Hits Highest Price in a Month

Bitwise Asset Management introduced the Bitwise Chainlink ETF on NYSE Arca, the second LINK-based spot ETF in the U.S. C... Read Summary

Jan 14, 4:01 pm

DL News

3 Reasons Why Bitcoin Could 'Go Substantially Higher': Bitwise

Bitcoin is predicted to reach new all-time highs in 2026 by Bitwise CIO Matt Hougan, contingent on avoiding flash crashe... Read Summary

Jan 14, 3:47 pm

Decrypt

Pakistan Teams With World Liberty Financial to Explore Stablecoins Remittances

Pakistan's Ministry of Finance has signed an MOU with World Liberty Financial's affiliate to explore digital finance inn... Read Summary

Jan 14, 3:36 pm

Decrypt

Bitcoin Spikes Above $97K, Pushing Crypto Liquidations Near $800 Million

Bitcoin's price surge has led to the liquidation of nearly $700 million in short positions over the past 24 hours. Ether... Read Summary

Jan 14, 2:00 pm

Coindesk

Algorand Foundation Relocates to the US, Appoints New Board

The Algorand Foundation announced its relocation to the United States from Singapore, with a new board of directors appo... Read Summary

Jan 14, 1:46 pm

Decrypt

Financial Advisors Are Now Allocating to Crypto at Record Levels

Survey data reveals financial advisors are increasingly recommending and personally investing in crypto, with allocation... Read Summary

Jan 14, 1:19 pm

Decrypt

Bitcoin ETFs Add $753 Million as BTC Reclaims $95K Price

Bitcoin's surge to $95,000 led to a significant increase in U.S. spot Bitcoin ETF inflows, with products adding $753.7 m... Read Summary

Jan 14, 12:26 pm

Decrypt

European Crypto Exchange Bitpanda Weighs $5 Billion IPO: Report

Bitpanda, a popular European crypto exchange, is reportedly planning an initial public offering in the first half of 202... Read Summary

Jan 14, 11:48 am

Decrypt

Visa Teams With BVNK for Stablecoin-Funded Payouts

Visa has partnered with BVNK to enable stablecoin-funded payouts through Visa Direct, expanding payment options beyond t... Read Summary