'Breakthrough growth' will be driven by Web3: HK financial secretary
Paul Chan says that blockchain and Web3 tech will be responsible for the next big wave of growth in Hong Kong’s digital tech sector.
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‘Right time’ for Hong Kong’s Web3 push despite market flux — Financial Secretary
Hong Kong has already taken serious steps to develop the Web3 industry and its Financial Secretary says now is the right time to keep moving forward.
Over 80 crypto firms eyeing presence in Hong Kong: Financial Secretary
Since October, more than 80 virtual asset companies have expressed interest in establishing in the city, while 23 have indicated actual plans of doing so.
Treasury Secretary hints at regulatory framework to address potential risks in digital asset markets
"Digital asset exchanges and other digital native intermediaries — they should be subject to appropriate forms of oversight,” said Janet Yellen.
Bitcoin, Ether, and NFTs will 'never become legal tender' in India, says Finance Secretary
"You can buy gold, diamond, crypto, but that will have not have the value authorization by government," said T.V. Somanathan.
Six senators urge Treasury Secretary to clarify definition of broker in infrastructure law before 2022
According to the U.S. lawmakers, the infrastructure law contains an “overly-broad interpretation” of what a broker is and places the reporting burden on individuals who may not have the necessary information to comply.
Digital dollar needs broad consensus among authorities, says US Treasury Secretary
Such a move would require broad consensus among Congress, the U.S. central bank and the White House.
Treasury Secretary reportedly against amending crypto language in infrastructure bill
Janet Yellen's position on a "compromise" amendment proposed yesterday is unclear, but she reportedly raised objections to the language on crypto put forth by Senators Wyden, Lummis, and Toomey.
Sen. Warren urges Treasury Secretary Yellen to combat rising crypto threats
Elizabeth Warren outlined her concerns about the cryptocurrency market in a letter addressed to Janet Yellen that was obtained by CNBC.
Treasury secretary Yellen urges lawmakers to quickly introduce stablecoin guidelines
The President’s Working Group on Financial Markets expects to deliver regulatory recommendations for stablecoins in the coming months.