by OverviewFX | May 21, 2025 | Economy
The Government of Hong Kong welcomed the passage of the Stablecoins Bill by the Legislative Council today to establish a licensing regime for fiat-referenced stablecoins (FRS) issuers in Hong Kong. Upon implementation of the Stablecoins Ordinance, any person who...
by OverviewFX | May 21, 2025 | Economy
Following our report from earlier today that rival Kraken was launching its regulated derivative products offering in Europe from its recently-acquired Cyprus CySEC licensed unit, crypto trading platform operator Crypto.com has announced that it had secured a Markets...
by OverviewFX | May 21, 2025 | Economy
The Securities and Futures Commission (SFC) of Hong Kong has issued a restriction notice to Bloomyears Limited because of doubts over its reliability, integrity and ability to carry on its regulated activity competently, honestly and fairly, and hence, its fitness and...
by OverviewFX | May 21, 2025 | Economy
Leading Swiss based crypto financial service provider Bitcoin Suisse has announced that its UAE subsidiary BTCS (Middle East) Ltd has received an In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM. The company said that this...
by OverviewFX | May 21, 2025 | Economy
Airwallex, a global payments and financial platform for modern businesses, has completed a $300 million Series F funding round at a $6.2 billion valuation. The round includes $150 million in secondary share transfers. The new investment, which brings Airwallex’s total...
by OverviewFX | May 21, 2025 | Economy
FNG has learned that Australia based Retail FX and CFDs broker Fusion Markets has hired Torrell Fernandes as the company’s new Head of Sales. Torrell Fernandes joins Fusion Markets after spending five years at IG Group, where he managed the Premium Clients Desk at IG...
