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Asian consumers could soon be paying with stablecoins: Andy Mukherjee financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Hong Kong put out a proposal last week to license stablecoins. Singapore has already announced similar intentions. Its very likely that before the end of 2024, the two financial centers will have come up with rules that US lawmakers have failed to adopt after three years of efforts. ....
The Enforcement Directorate is investigating nine overseas firms, including those in Hong Kong and Estonia, that were allegedly used to divert funds from a bitcoin-based ponzi scheme operated by Variable Tech. The scheme collected 80,000 bitcoins and diverted funds worth INR 6,606 crore ($915 million) through the nine firms to purchase properties abroad. The investigation has resulted in the provisional attachment of properties worth INR 69 crore. | Mumbai news ....
Like the woke movement, ESG and DEI are at heart parasitical developments, originating from a decaying West, championed by the useless and the clueless, and benefiting the shrewd and the corrupt. ....