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U.S. Sen. Sherrod Brown’s call to regulators for promoting transparency and safeguarding investor interests suggests a push for stronger authority over digital assets. This results in questioning the readiness of the crypto enthusiasts to embrace potential regulatory changes in the crypto realm.

Hong Kong’s new virtual asset trading platform licensing regime could cost crypto platforms up to $20 million, potentially pushing smaller market players out of the race. However, it may benefit larger players like Hex Trust, which meet the required criteria. The regime is part of Hong Kong’s effort to become a digital asset hub, inviting global exchanges to apply for licenses. Critics, though, suggest the system’s complex requirements may be challenging.

The Reserve Bank of New Zealand (RBNZ) is taking cautious approach towards crypto-assets, expressing concerns over consumer protection and potential commercial or regulatory barriers. However, ambiguously, the concept of Central Bank Digital Currency (CBDC) has caught its interest, despite its declaration not to replace physical cash.

The now-defunct Celsius Network faces allegations of a “sham” distinction between its UK and US entities, raising concerns about their financial practices and possible fraudulent activities. This case highlights the importance of transparency, proper documentation, and adherence to regulatory guidelines in the crypto lending industry.

Defunct crypto lender Celsius Network faces controversy over merging its UK and US entities, with allegations that the distinction is a “sham.” The situation raises concerns about fraudulent activity, transparency, and the impact on the broader crypto market. The upcoming auction for Celsius’ remaining assets may offer customers a chance to recover investments.