2 years ago

Overnighters,

Episode 591:
ByBit Licensed in Cyprus
Binance Eyes UAE
HSBC ETFs in Hong Kong
and More

The TL;DL

Bybit Licensed in Cyprus - Bybit, a Dubai-based cryptocurrency exchange, has obtained a license for custody and crypto exchange services in Cyprus, demonstrating its commitment to regulatory compliance and global expansion.

Binance Eyes UAE - Binance, a well-known cryptocurrency exchange, has made significant decisions affecting its operations in Europe and the UAE. In Europe, it reversed its decision to delist several privacy coins, while in the UAE, it is looking to expand its operations.

Japan Eases Crypto Tax Burden - The Japanese National Tax Agency has made a significant change to its corporate tax guidelines. Token issuers in the country will no longer be required to pay corporate taxes on unrealized gains from cryptocurrency.

Australia's Proposed Misinformation Bill - Australia is considering a draft bill that threatens tech and social media giants with substantial fines if they fail to remove misinformation from their platforms. This comes as Simon Callaghan, the new CEO of Blockchain Australia, urges the government to follow the example of the UK, Hong Kong, and Singapore in terms of crypto regulation.

HSBC ETFs in Hong Kong - HSBC, the largest bank in Hong Kong, has introduced services allowing its customers to trade in Bitcoin and Ether exchange-traded funds (ETFs), increasing local users' exposure to cryptocurrencies.

FCA Chief Resigns - Binu Paul, the head of digital assets for the UK's main financial regulator, has resigned less than a year after taking up his post, at a time when the UK is striving to become a global hub for Web3.

Crypto Overnighter Podcast (6/26/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

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