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Hong Kong among first to propose crypto reserve requirements for banks aligned with new international standards

The Hong Kong Monetary Authority has issued a consultation paper on adopting the reserve requirements for cryptoassets proposed by the Basel Committee in 2022. ....

Hong Kong , Andrew Fei , King Wood Mallesons , Futures Commission , Basel Committee On Banking Supervision , King Amp Wood Mallesons ,

Crypto Platform Bakkt Warns Of Cash Crunch, Raises Concerns On Its Existence

Bakkt is unsure it can keep business going over the next 12 months amid many concerns surrounding its operations such as cash running low, evolving regulatory regimes, and the ability to retain ....

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