OKX withdraws VASP license application from Hong Kong

As a researcher with experience in the cryptocurrency industry, I find OKX’s decision to withdraw its VASP license application from Hong Kong a prudent move given the regulatory landscape. The exchange’s statement that it carefully considered its business strategy before making this decision is understandable, considering the impending deadline for unlicensed virtual asset trading platforms … Read more

Future of crypto in the next 5 years: what comes next?

As an experienced analyst, I believe that crypto has come a long way since the release of the Bitcoin whitepaper in 2008, and its transformation from a niche community to a major worldwide asset class is truly remarkable. The potential for blockchain and crypto technologies to revolutionize various industries is immense, and we’re already seeing … Read more

OKX Withdraws Hong Kong VASP License Application

As a researcher with experience in the cryptocurrency industry, I find OKX’s decision to withdraw its application for a virtual asset service provider (VASP) license in Hong Kong concerning. The exchange, which ranks among the top three by traded volume, had initially applied for the license on November 16, 2022. However, they chose to withdraw … Read more

Cynthia Lummis calls for regulatory framework over Crypto

As an experienced financial analyst, I view Senator Cynthia Lummis’ call for a regulatory framework for the cryptocurrency industry as a prudent and necessary step given the recent SEC approval of spot Ether exchange-traded funds (ETFs). The approval of these ETFs represents a growing acceptance of cryptocurrencies as a legitimate asset class, but it also … Read more