Panama’s ‘Lost Crypto Opportunity’, Thailand’s Huobi Closing, Canada’s Bitvo Acquired by FTX + More News

Source: AdobeStock / Nomad_Soul


Get the daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the tales flying individually distinct of today’s crypto news.


Regulation news

  • Panama’s President Laurentino Cortizo has partly vetoed Bill No. 697, dubbed the “crypto bill,” saying it takes more try to better fit Panama’s financial rules — it must comply with new rules suggested through the Financial Action Task Pressure (FATF) outlining “fiscal transparency and protection against money washing,” local media outlet La Prenda reported. Congressman Gabriel Silva tweeted the veto was “a lost chance to create jobs, attract investment and incorporate technology and innovation within the public sector.”
  • US Secretary from the Treasury Jesse L. Yellen met with Chief executive officer people from the board of company directors from the Bank Policy Institute to go over efforts to advertise responsible innovation in digital assets, among other questions. The Secretary and people from the board also discussed the necessity to set up a suitable regulatory framework for digital assets, per the Treasury.

Exchange news

  • Crypto platform Huobi announced it’s no longer licensed for operation in Thailand as a result of decision from the country’s Registration (SEC). The woking platform is going to be permanently closed lower on This summer 1, 2022, and users are advised to withdraw their assets before date.
  • Crypto buying and selling platform FTX has joined into a contract to get Canadian cryptoasset buying and selling platform Bitvo to have an undisclosed amount. The purchase is anticipated to shut within the third quarter of 2022, susceptible to regulatory approval and customary closing conditions.

Investment news

  • Play-to-earn project Decentral Games continues to be granted USD 1m price of MANA tokens in the Decentraland DAO carrying out a blockchain election to assist support Decentral Games’ ICE token when they prepare to unveil the brand new sit-and-go tournament mode. This is among the largest ecosystem grants that Decentraland has ever awarded, they stated.
  • Web 3 gaming firm Immutable launched a USD 500m developer and venture investment fund, TechCrunch reported, citing Robbie Ferguson, president and co-founding father of the firm. The main city will be employed to fund projects building Web 3 games and non-fungible token (NFT)-focused companies on its layer-2 Ethereum (ETH)-focused platform, Immutable X.
  • Digital collectibles platform SKNUPS elevated USD 3.5m in pre-seed funding. SKNUPS has additionally announced an international partnership with luxury brand Dolce &amp Gabbana, while a brand new inaugural digital drop in the brand can be obtained around the platform.

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