launch

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16 Mar 23

US Fed to launch its payment network in 2023

The United States Federal Reserve has announced that its own instant payment service will go live in July. Dubbed FedNow, the solution will enable instant payments on a 24/7 basis within the US. The Federal Reserve‘s financial services division has announced plans to launch a new instant payment service called FedNow. If everything goes as […]

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06 Mar 23

Kraken continues bank launch plans amid regulatory hurdles

Kraken is still steadfast in launching its bank, despite facing a harsh regulatory landscape and several charges of violating securities laws by the US Securities and Exchange Commission. According to Marco Santori, the Chief Legal Officer at Kraken, the launch is on track. He even shared plans to order thousands of pens with little ball […]

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23 Feb 23

Gate.io to launch in Hong Kong as government invests $6.4m in web3

Crypto exchange Gate.io has announced its plans to launch in Hong Kong following the government’s cash injection of HKD 50 million ($6.4 million) into web3 under the city’s 2023-24 budget. On Feb. 22, Gate Group announced it would apply for a cryptocurrency license in Hong Kong. Hippo Financial Services, the firm’s local subsidiary, was granted […]

20 Feb 23

Huobi seeking Hong Kong license to launch local exchange

Huobi is taking steps to gain approval from Hong Kong regulators to operate in the city, and also establish a local subsidiary that will cater to institutional investors. Huobi looking to service Hong Kong customers In a tweet thread on Feb. 20, 2023, Justin Sun, advisor at Huobi and TRON founder, said that the new […]

12 Jan 23

UK trade groups launch crypto coalition

According to a statement issued by its five members group, the City of London has joined forces with some trade associations to create the UK Forum for Digital Currencies. This alliance will fight for better policies, practices, and regulations around digital currencies. The five-member alliance comprises the digital pound foundation, CityUK, UK finance, and the […]

11 Jan 23

South Korean regulators launch a new investigation into crypto exchange Bithumb

South Korea’s National Tax Service (NTS) is reportedly conducting a special tax inquiry into Bithumb. South Korean crypto exchange Bithumb has recently drawn the attention of the country’s tax and legal authorities. The tax authorities have decided to launch a “special” investigation into the exchange’s business practices. An individual suspected to be the company’s largest […]

04 Jan 23

Indonesia to launch crypto exchange as country reforms regulations

According to recent reports, Indonesia plans to launch a virtual currency platform this year (2023). The platform is part of a plan to shift regulatory powers from the commodities commission to the securities commission. Crypto adoption set to increase after platform launched Indonesia will launch a crypto exchange this year, with plans to restructure its […]