U.S. Securities and Alternate Fee (SEC) Chairman Gary Gensler has reiterated that the crypto trade is crammed with situations of abuse and fraud, citing a big variety of bankruptcies in recent times. He additionally cautioned buyers in spot bitcoin exchange-traded funds (ETFs) that these merchandise are primarily based on a “extremely speculative risky underlying asset: bitcoin.” […]
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Chinese Nationals Gain Access to Stablecoins in Hong Kong Via Flare, Red Date Technology Trial
"With Hong Kong on the cusp of saying new stablecoin laws permitting digital currencies on public blockchains, the introduction of...