Binance ties to Kenyan crypto board raise monopoly concerns: Report

Binance ties to Kenyan crypto board raise monopoly concerns: Report

Kenya’s crypto startups fear a Binance-linked lobby group could tilt new regulations in the exchange’s favor under the proposed VASP bill. Some crypto startups are raising concerns over Kenya’s proposed virtual asset service providers (VASP) Bill, warning it could hand outsized influence to a Binance-linked lobby group, potentially undermining fair competition in the country’s digital…

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Hong Kong reveals new stablecoin rules and tokenized bond plans

Hong Kong reveals new stablecoin rules and tokenized bond plans

Hong Kong updated its digital asset strategy regarding stablecoin licensing and tokenization of real-world assets by introducing its LEAP framework for market growth. Hong Kong’s latest digital asset blueprint places stablecoin regulation and asset tokenization at the heart of its strategy to become a global crypto and fintech hub. The policy statement, issued on Thursday,…

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Genesis lawsuit alleges DCG ‘alter ego’ scheme, ignored warnings

Genesis lawsuit alleges DCG ‘alter ego’ scheme, ignored warnings

A newly unsealed complaint reveals DCG executives anticipated legal fallout and ignored risk warnings as Genesis spiraled toward collapse. A newly unsealed complaint from bankrupt crypto lender Genesis reveals internal communications at its parent company, Digital Currency Group (DCG), suggested executives were aware of financial mismanagement and looming legal risks tied to their control over…

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