Blockchain Research

Apr

Why is Hong Kong determined to become a crypto hub?

In recent years, political tumult and Covid restrictions have dented Hong Kong’s reputation as a global financial center. Yet Hong Kong faces another type of challenge now: how to best capitalize on opportunities afforded by the financial sector’s rapid digitization. That is where Hong Kong’s newfound interest in cryptocurrency derives,…

Apr

Blockchain Research

Assessing Japan’s stablecoin plan

In Asia Pacific, Japan is taking a proactive position on stablecoin regulation much as it has other elements of cryptocurrency rules since 2017. New regulations are expected to come into effect in June, while Japanese banks recently began a stablecoin experiment on an Ethereum public chain. Though certain crypto fundamentalists…

Apr

Blockchain Research

Taiwan plans to roll out crypto regulations

At long last, Taiwan plans to adopt some basic cryptocurrency regulations beyond requiring crypto firms to adhere to existing anti-money laundering legislation. The Financial Supervisory Commission (FSC) will be responsible for the regulations, though the extent of its role has yet to be decided. In all likelihood, the FSC will…

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