Hong Kong to launch stablecoin licensing regime in August
Hong Kong will launch a stablecoin licensing regime on August 1, requiring issuers to obtain HKMA approval and fully back stablecoins with liquid reserves to ensure financial stability and investor protection.
Binance Appoints Gillian Lynch to Lead Europe and UK Operations – Coinspeaker
Binance appoints Gillian Lynch to lead Europe and UK operations, focusing on regulatory compliance and growth. The exchange also launches Institutional Loans for cross-collateralized credit lines.
EURAU Stablecoin Opens Adoption Floodgate as Galaxy Bets Big on Europe
Galaxy Digital’s AllUnity launches EURAU, the first MiCAR-compliant euro stablecoin, aiming to revolutionize EU finance with regulated, institutional-grade crypto infrastructure and potential $6.8T liquidity.
US Lawmakers Plan ‘Crypto Week’ for July 14 to Tackle Major Bills
US lawmakers designate July 14 as ‘Crypto Week’ to review three key digital asset bills: CLARITY Act, Anti-CBDC Act, and GENIUS Act, aiming to establish regulatory clarity and prevent CBDC issuance.
Phoenix FIRE investors allege exit scam, owner moves to dismiss case
Daniel Ianello, accused of an exit scam with The Phoenix crypto project, filed to dismiss a lawsuit. Investors allege he took funds and shut down smart contracts. Ianello claims no Tennessee jurisdiction.
Judge Torres Has No More Role in XRP Vs SEC Lawsuit, Says Former SEC Lawyer
Former SEC lawyer Marc Fagel clarifies Judge Torres’ limited role in the XRP lawsuit, stating her prior order takes effect once appeals are dropped. He also dismisses rumors about the SEC meeting impacting the case.
FTX Seeks Court Approval for Restricted Jurisdiction Claims as 82% of Value Comes from Chinese Users
FTX seeks court approval to dispute claims from 49 restricted jurisdictions, with Chinese users representing 82% of the value despite being only 5% of allowed claims in these regions.
Belgian court sentences three in kidnapping of crypto investor’s wife
A Belgian court sentenced three kidnappers to 12 years each for abducting a crypto entrepreneur’s wife and demanding a cryptocurrency ransom. The masterminds remain at large.
Palantir Chief to Invest in Palmer Lucky’s Crypto-Focused Bank – Coinspeaker
Palantir’s Joe Lonsdale invests in Palmer Luckey’s crypto bank Erebor, which plans to hold stablecoins and align with U.S. regulations like the GENIUS Stablecoin Act. Backed by high-profile investors, Erebor aims to serve tech and crypto ventures.
Belgium crypto kidnapping case leads to three 12-year jail sentences
Three kidnappers in Belgium received 12-year sentences for abducting a crypto entrepreneur’s wife, demanding a cryptocurrency ransom. The masterminds remain at large, and the victim’s family was traumatized.
