FameEX Morning Crypto News Recap | November 9, 2023

2023-11-09 13:12:05

Dr. Doom's Unexpected Change of Heart: Nouriel Roubini's Firm Enters the Crypto Arena Despite Past Opposition

Economist Nouriel Roubini's firm, Atlas Capital, has stirred controversy by introducing a cryptocurrency token designed to combat climate change. This marks a stark departure from Roubini's earlier condemnation of cryptocurrencies and their supporters, whom he had disparaged as "corrupt" and worse.

BIS Chief Supports Central Bank Digital Currencies (CBDCs) and Exposes Cryptocurrency's Critique of Imperfect Financial Systems

Agustín Carstens, the leader of the Bank for International Settlements (BIS), stressed the central role of central bank digital currencies (CBDCs) in shaping the future financial landscape during his speech in Basel, Switzerland. He emphasized their capacity to drive innovation and align with the changing financial expectations of the public.

Hong Kong Mulls the Possibility of Spot Crypto Exchange-Traded Funds (ETFs) Trading Approval

Hong Kong is exploring the possibility of permitting spot cryptocurrency exchange-traded funds (ETFs) once risk management measures are in place. Julia Leung, CEO of the Hong Kong Securities and Exchange Commission, emphasized their commitment to maintaining a consistent regulatory approach across various asset types during a recent interview.

Visa Introduces a Global AI Consultancy Specializing in Generative Systems
Visa has launched a global AI advisory service within Visa Consulting & Analytics (VCA), with a focus on providing clients actionable insights and recommendations to maximize the potential of AI, especially generative AI. This initiative, revealed on November 8, aims to empower clients in effectively utilizing artificial intelligence.

Proposed Liquidity Regulations for Stablecoin Issuers by Banking Regulatory Authority
The European Banking Authority (EBA), as the EU's banking oversight body, has introduced guidelines for stablecoin issuers that include minimum capital and liquidity requirements. These guidelines are presently in a three-month public consultation phase and, if approved, will become effective starting in June 2024.

Swiss Crypto Bank SEBA Granted License by Hong Kong SFC
SEBA Bank's subsidiary, SEBA Hong Kong, has obtained regulatory clearance from the Hong Kong Securities and Futures Commission (SFC) to provide cryptocurrency services in the area. The SFC issued the license on November 3rd, adding SEBA to the list of cryptocurrency-focused companies approved by the SFC in Hong Kong.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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