Chinese president Xi Jinping urges SCO member nations to cooperate on CBDCs, Malaysia attracts projects as Hong Kong crypto exchange licensing costs surge past HK$100M, and more in Asia Express.
, with a wallet address identified as “Fake_Phishing183873 ” receiving a stunning 10.2 million USDT and 67.76 wrapped Bitcoin from the Multichain address. Immediately after the hack, the price of Multichain tokens dropped by 20% from its highs and now trades at $2.62 apiece.
Multichain was one of the largest cross-chain protocols before the onset of the 2022 crypto bear market. Digital Payment Token providers to place clients’ assets in a statutory trust by the end of the year. In addition, DPTs will be prohibited from issuing crypto lending and staking services to retail investors. The MAS wrote:
Crypto lending and staking services will still be allowed for institutional and accredited investors. Despite the new regulations, the MAS warned that “while the segregation and custody requirements will minimize the risk of loss of customers’ assets, consumers may still face significant delays in recovering their assets in the event of insolvency of the service providers.” The regulator is seeking public feedback on the proposed rule changes until Aug. 3.
France Dernières Nouvelles, France Actualités
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