Hong Kong Will Use ‘All Available Methods’ to Fight Crypto Scams, Americans are ‘Much More Open to Potential of Crypto Than Brits’

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By BitcoinWiki News

Key Takeaways:

– Hong Kong authorities may give regulators more power to fight cryptocurrency scams, considering measures to use laws targeting money laundering
– Singapore’s regulators are moving towards a system of stablecoins fully backed by high-quality government securities or cash
– Americans are more open to the potential of cryptocurrency than Brits, with a third of US consumers interested in using cryptocurrency for purchases
– Interactive Brokers is the first SFC-licensed securities broker to allow retail clients to trade cryptocurrencies in Hong Kong, including BTC and ETH
– YouHodler announced a partnership with Ledger, allowing Ledger Live App users to trade and participate in the cryptocurrency market
– Brazilian retail companies are using blockchain technology to aid in food traceability
– Bybit surpassed 20 million registered users, celebrating its 5th anniversary this December


1. Hong Kong authorities considering measures to combat cryptocurrency scams
– Reviewing legislation to give regulators more power
– Chief Executive acknowledges need to protect investors and combat illegal platforms

2. Singapore’s Monetary Authority predicts the shift towards CBDCs and stablecoins
– Private digital coins predicted to exit the monetary scene
– Future monetary system to comprise of CBDCs, tokenized bank liabilities, and regulated stablecoins

3. Americans more open to cryptocurrency than Brits, Mintel report finds
– One-third of US consumers interested in using cryptocurrency for purchases
– Majority of Brits skeptical about crypto and do not understand it enough to use it

4. Interactive Brokers becomes the first SFC-licensed securities broker to allow retail clients to trade cryptocurrencies in Hong Kong
– Clients can trade a variety of financial products, including cryptocurrencies, from a single platform

5. YouHodler partners with Ledger to provide seamless access to cryptocurrency market
– Ledger Live App users can now trade and participate in the cryptocurrency market through YouHodler’s platform

6. Brazilian retail companies use blockchain technology for food traceability, ISG Provider Lens Supply Chain Services report finds
– New digital technologies like blockchain, IoT, 3D printers, and AI to help overcome supply chain challenges

7. Bybit announces surpassing 20 million registered users
– Co-founder and CEO emphasizes the community’s faith and enthusiasm in the potential of crypto and trust in Bybit as the preferred platform

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