CMQTelegram has launched Fragment, a username auction platform built on the TON blockchain
Telegram founder Pavel Durov said in a message on the app early this morning that, as previously promised, the ability to buy Telegram usernames on the dedicated platform Fragment has now been rolled out and the username auction has begun. Additionally, the ability to sell existing usernames on Fragment will roll out in a few days. Pavel Durov said that this is the first time in the history of social media to create a fair and transparent username market, people will have ownership of their s...
CMQBasel Committee on Banking Supervision Approves Crypto Banking Rules to be Implemented in 2025
The Basel Committee on Banking Supervision (BCBS) has approved its global crypto banking rules, which will come into force on Jan. 1, 2025, according to a statement Friday. The BCBS, the main global standard-setter for prudential regulation of banks, recommends that banks should have no more than 2% exposure to certain crypto assets and usually less than 1%. These specific assets are tokenized traditional assets, including NFTs, stablecoins, and unsecured cryptoassets that do not qualify for ...
CMQThe bottom 20% employees of Binance this year may not have year-end bonuses
According to Wu said, Binance has suspected that it has announced that the bottom 20% of employees in this year’s performance ranking will not have year-end bonuses. Some teams have announced this news to employees, but there has been no company-level notification. It is uncertain whether the policy will change in the future. Binance bonuses will be distributed before the Spring Festival. Last year, some Binance team bonuses even exceeded 20 months. Since the beginning of this year, the globa...
CMQ
CMQTelegram has launched Fragment, a username auction platform built on the TON blockchain
Telegram founder Pavel Durov said in a message on the app early this morning that, as previously promised, the ability to buy Telegram usernames on the dedicated platform Fragment has now been rolled out and the username auction has begun. Additionally, the ability to sell existing usernames on Fragment will roll out in a few days. Pavel Durov said that this is the first time in the history of social media to create a fair and transparent username market, people will have ownership of their s...
CMQBasel Committee on Banking Supervision Approves Crypto Banking Rules to be Implemented in 2025
The Basel Committee on Banking Supervision (BCBS) has approved its global crypto banking rules, which will come into force on Jan. 1, 2025, according to a statement Friday. The BCBS, the main global standard-setter for prudential regulation of banks, recommends that banks should have no more than 2% exposure to certain crypto assets and usually less than 1%. These specific assets are tokenized traditional assets, including NFTs, stablecoins, and unsecured cryptoassets that do not qualify for ...
CMQThe bottom 20% employees of Binance this year may not have year-end bonuses
According to Wu said, Binance has suspected that it has announced that the bottom 20% of employees in this year’s performance ranking will not have year-end bonuses. Some teams have announced this news to employees, but there has been no company-level notification. It is uncertain whether the policy will change in the future. Binance bonuses will be distributed before the Spring Festival. Last year, some Binance team bonuses even exceeded 20 months. Since the beginning of this year, the globa...
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According to the Hong Kong Special Administrative Region Government press release, the Hong Kong government today issued a policy statement on the development of virtual assets in Hong Kong, setting out the government's policy stance and guidelines for the development of a vibrant virtual asset industry and ecosystem in Hong Kong. The policy statement covers the following levels:
Vision and policy, Hong Kong holds an open and inclusive attitude towards innovators engaged in virtual asset business around the world. The Government is now working with financial regulators to create a favorable environment for the sustainable and responsible development of the virtual asset industry in Hong Kong. We will formulate the necessary restrictions in a timely manner to mitigate actual and potential risks in accordance with international standards, so that virtual asset innovation can flourish in Hong Kong in a sustainable manner.
Regulation: We believe that a consistent, clear and clear overall regulatory framework can help lay a solid foundation to meet the financial innovation and technological development brought about by the rapid development of global virtual assets. While stepping up preparations for a new licensing system for virtual asset service providers, we are also happy to contact the global virtual asset industry and invite relevant exchanges to explore business opportunities in Hong Kong. The Securities and Futures Commission will launch a public consultation on the appropriate extent to which retail investors can trade virtual assets under the new licensing regime. The government welcomes the introduction of virtual asset exchange-traded funds (ETFs) in Hong Kong. The government is open to reviewing the legality of property rights and smart contracts of tokenized assets in the future to facilitate its development in Hong Kong. The Hong Kong Monetary Authority will release the consultation results and next steps on the regulatory regime for stablecoins later.
Pilot scheme: The government and regulators are studying the launch of the following pilot scheme to test the technical benefits of virtual assets and try to further apply the technology to financial markets. These pilot schemes include the issuance of non-fungible tokens (NFTs) for Hong Kong FinTech Week 2022, green bond tokenization and digital Hong Kong dollars.
Outlook: We will implement the vision set out in this policy statement through convenient policies, comprehensive and balanced regulation, risk-based regulation, and various pilot programs. The government sincerely invites the global virtual asset industry to join hands with us, leveraging Hong Kong's status as an international financial center, complying with the best international standards and practices, and unleashing the potential of financial innovation in a clear, flexible and convenient regulatory environment.
https://sc.isd.gov.hk/TuniS/www.info.gov.hk/gia/general/202210/31/P2022103000455.htm?fontSize=1
According to the Hong Kong Special Administrative Region Government press release, the Hong Kong government today issued a policy statement on the development of virtual assets in Hong Kong, setting out the government's policy stance and guidelines for the development of a vibrant virtual asset industry and ecosystem in Hong Kong. The policy statement covers the following levels:
Vision and policy, Hong Kong holds an open and inclusive attitude towards innovators engaged in virtual asset business around the world. The Government is now working with financial regulators to create a favorable environment for the sustainable and responsible development of the virtual asset industry in Hong Kong. We will formulate the necessary restrictions in a timely manner to mitigate actual and potential risks in accordance with international standards, so that virtual asset innovation can flourish in Hong Kong in a sustainable manner.
Regulation: We believe that a consistent, clear and clear overall regulatory framework can help lay a solid foundation to meet the financial innovation and technological development brought about by the rapid development of global virtual assets. While stepping up preparations for a new licensing system for virtual asset service providers, we are also happy to contact the global virtual asset industry and invite relevant exchanges to explore business opportunities in Hong Kong. The Securities and Futures Commission will launch a public consultation on the appropriate extent to which retail investors can trade virtual assets under the new licensing regime. The government welcomes the introduction of virtual asset exchange-traded funds (ETFs) in Hong Kong. The government is open to reviewing the legality of property rights and smart contracts of tokenized assets in the future to facilitate its development in Hong Kong. The Hong Kong Monetary Authority will release the consultation results and next steps on the regulatory regime for stablecoins later.
Pilot scheme: The government and regulators are studying the launch of the following pilot scheme to test the technical benefits of virtual assets and try to further apply the technology to financial markets. These pilot schemes include the issuance of non-fungible tokens (NFTs) for Hong Kong FinTech Week 2022, green bond tokenization and digital Hong Kong dollars.
Outlook: We will implement the vision set out in this policy statement through convenient policies, comprehensive and balanced regulation, risk-based regulation, and various pilot programs. The government sincerely invites the global virtual asset industry to join hands with us, leveraging Hong Kong's status as an international financial center, complying with the best international standards and practices, and unleashing the potential of financial innovation in a clear, flexible and convenient regulatory environment.
https://sc.isd.gov.hk/TuniS/www.info.gov.hk/gia/general/202210/31/P2022103000455.htm?fontSize=1
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