CryptoBlog n.2411
The Monetary Authority of Singapore (MAS) is pushing for commercialization of tokenization, with plans to open a wholesale CBDC testnet, the SGD Testnet, to financial institutions like Standard Chartered, DBS, Citi, and HSBC. The regulator has seen strong interest in tokenization among the fixed income, FX and asset management sectors.
CryptoBlog n.2410
The Hong Kong government plans to introduce a regulatory framework for stablecoin issuers by the end of the year. Circle’s CEO noted that Hong Kong is a significant market for USDC.
CryptoBlog n.2409
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CryptoBlog n.2408
Binance’s 30-day total trading volume reached $3.5tr, surpassing NASDAQ’s $3.2tr by 10%, more than doubling the New York Stock Exchange’s (NYSE) $1.7tr, and accounting for 50% of all centralized exchange (CEX) trading volumes globally.