Hong Kong rules limit stablecoin derivatives trading: DBS CEO
DBS Hong Kong CEO Sebastian Paredes warned that Hong Kong’s new stablecoin KYC and AML rules will largely block their use in onchain derivatives trading.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
DBS Hong Kong CEO Sebastian Paredes warned that Hong Kong’s new stablecoin KYC and AML rules will largely block their use in onchain derivatives trading.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
UK opens a major loophole for stablecoin payments while clamping down on crypto lending
HM Treasury has laid the final draft of the Financial Services and Markets Act 2000 (Cryptoassets) (Miscellaneous Amendments) Regu...
CoinEx quits after 9 years as crypto trading activity concentrates at biggest exchanges
Crypto exchange CoinEx is shutting down after nine years, citing shrinking revenue and rising compliance costs as the reasons the...
Celsius sues BitMEX for $495 million just 11 days before exchange shutdown
Celsius Network’s bankruptcy estate has sued BitMEX over a 2020 liquidation cascade it says cost more than 6,360 Bitcoin. The comp...
Bitcoin’s Next Fed Test Is Today’s FOMC Meeting: Will $75K Hold?
Markets are pricing roughly a 90% probability of a 25-basis-point Federal Reserve rate hike at the September FOMC meeting, accordi...
Deribit Moves Beyond Crypto with 90+ USDC-Settled Perpetuals
Deribit is adding more than 90 USDC-settled linear perpetual futures, including contracts tied to public companies, ETFs, commodit...
Congress wants to make crypto easier to use and still collect $500 million more in taxes
A House crypto tax overhaul would raise an estimated $500 million while easing taxes on stablecoin payments and small fees. The Ho...