Crypto News

OKX Acquires MiFID II License for European Expansion Cryptocurrency exchange OKX has acquired a key European Union license that will enable the company to offer derivatives products throughout the region. This move marks a significant step for the exchange as it expands its services to a more advanced segment of the trading community. With the acquisition of the Markets in Financial Instruments Directive (MiFID II) license, OKX is well-positioned to tap into the growing demand for crypto derivatives in Europe. What is MiFID II and Why is it Important? MiFID II is a set of regulations implemented by the European Union to regulate financial markets and protect investors. It aims to promote transparency, fairness, and efficiency in financial markets by setting minimum standards for financial products and services. The acquisition of this license by OKX demonstrates the exchange's commitment to complying with regulatory standards and providin...

Introduction to Stablecoins and Hong Kong's Role Stablecoin: A New Era of Digital Currency Stablecoins have been making waves in the world of digital currency, offering a new era of stability and security. These cryptocurrencies are backed by traditional assets such as fiat currencies or precious metals, making them less volatile than other cryptocurrencies like Bitcoin or Ethereum. And now, Hong Kong is poised to make its mark in the stablecoin market. Joint Venture for Hong Kong Dollar-Backed Stablecoin Collaboration between Standard Chartered, Animoca Brands, and HKT In a major move for the Hong Kong market, Standard Chartered Plc has announced a joint venture with Animoca Brands and HKT. The venture aims to apply for a license from the Hong Kong Monetary Authority to issue a Hong Kong dollar-backed stablecoin. This collaboration brings together the expertise of a leading bank, a blockchain gaming company, and a telecommunications giant...