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Hong Kong's ascent as a Web3 leader hinges on maintaining its competitive edge amidst rising global hubs like Singapore and Dubai.
Sandy Peng 5 min read 
The financial regulator stressed that these regulatory measures are important to protect retail crypto users in the UK.
Bill aims to establish stablecoin framework mandating 1:1 backing and Federal Reserve oversight for large issuers.
Huione Group's network processes billions in suspicious transactions, fueling North Korean cyber and crime syndicates.
The initiative would allow US entities to issue securities on public blockchain networks and permit investors to trade those securities through compliant interfaces.
PayPal avoids regulatory pitfalls as the SEC concludes its PYUSD inquiry without action.
Eric Balchunas and James Seyffart deemed the delays as expected, with SEC taking up to the last deadline to approve most altcoin-related ETFs.
Bo Hines also highlighted a three-phase policy roadmap consisting off reversing rules hostile to crypto, approving new legislation, and implementing it.
The draft reveals changes for custody, staking, and stablecoin issuance. The publication of the final text is expected to July 15.
