#Crypto firms in Hawaii are now officially exempt from the requirement to receive a Money Transmitter License (MTL) to run a business in the state. The companies will be able to continue transaction activity as an unregulated business but have to comply with federal requirements.
54% of institutional investors surveyed in Japan expressed intentions to invest in #crypto, ETFs, and Web3 projects in the next 3 years. The respondents said they saw crypto as an opportunity to diversify portfolios and would allocate 2-5% of their assets to crypto investments.
Hong Kong's Legislative Council is actively inviting industry players worldwide to propose policy recommendations and thematic discussions on the future direction of #Web3 and digital assets. It's also seeking feedback on developing and improving AI.
The Nigerian Securities and Exchange Commission (SEC) has introduced a special compliance program for #crypto companies called the Accelerated Regulatory Incubation Programme. It offers a path for them to align with the new regulatory requirements.
The Central Bank of Iran is launching a national digital currency (#CBDC) in a public pilot targeting domestic micropayments. Unlike other types of electronic money in Iran, the digital rial doesn’t require interbank settlement to transfer funds between buyers and sellers.