Hong Kong’s financial regulators have recently closed the consultation period for a proposed licensing program targeting fiat-referenced stablecoin (FRS) providers. This initiative comes at a time when digital assets are gaining significant traction globally, prompting concerns about potential monetary and financial stability risks. The consultation process, which ended in February, saw 108 submissions from a
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XRP, the cryptocurrency associated with Ripple, has been making waves in the market recently with a surge in price that has outperformed other major cryptocurrencies. This surge in the XRP narrative has been partly attributed to an increase in whale activity. Large wallets are accumulating XRP tokens, as evidenced by both on-chain and exchange data.
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Over the past seven years, the world of cryptocurrency has seen a significant increase in lobbying expenditures. A study conducted by Social Capital Markets has revealed a staggering 1,386% surge in lobbying spend by crypto companies, skyrocketing from $2.72 million in 2017 to an impressive $40.42 million in 2023. This data highlights a remarkable acceleration
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Aayush Jindal, a prominent figure in the financial markets, embarked on a transformative journey that shaped his career as a renowned expert in Forex and cryptocurrency trading. From an early age, Aayush displayed a remarkable talent for deciphering complex systems and identifying patterns within the market. His insatiable curiosity for understanding market dynamics propelled him
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Coinbase, Ripple, and Andreessen Horowitz (a16z) have made the strategic decision to send representatives to both the Republican National Convention (RNC) and the Democratic National Convention (DNC). Their goal is to engage with key figures in both parties and advocate for policies that are favorable to the crypto industry. This move highlights the firms’ recognition
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Recently, Russia’s Ministry of Finance put forth a proposal that would allow traditional exchanges to facilitate digital asset trading for a select group of investors. This proposal aims to establish special regulations for organized trading in digital currencies, treating them as commodities and operating under the umbrella of an exchange license or a trading system
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