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

Source: AdobeStock / Nomad_Soul


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.


Regulation news

  • Panama’s President Laurentino Cortizo has partially vetoed Bill No. 697, dubbed the “crypto bill,” saying it requires more work to better fit Panama’s financial regulations — it needs to conform to new regulations recommended by the Financial Action Task Force (FATF) outlining “fiscal transparency and prevention of money laundering,” local media outlet La Prenda reported. Congressman Gabriel Silva tweeted that the veto was “a lost opportunity to generate jobs, attract investment and incorporate technology and innovation in the public sector.”
  • US Secretary of the Treasury Janet L. Yellen met with CEO members of the board of directors of the Bank Policy Institute to discuss efforts to promote responsible innovation in digital assets, among other questions. The Secretary and members of the board also discussed the need to put in place an appropriate regulatory framework for digital assets, per the Treasury.

Exchange news

  • Crypto platform Huobi announced it is no longer licensed for operation in Thailand due to a decision of the country’s Securities and Exchange Commission (SEC). The platform will be permanently closed down on July 1, 2022, and users are urged to withdraw their assets before this date.
  • Crypto trading platform FTX has entered into an agreement to acquire Canadian cryptoasset trading platform Bitvo for an undisclosed amount. The acquisition is expected to close in the third quarter of 2022, subject to regulatory approval and customary closing conditions.

Investment news

  • Play-to-earn project Decentral Games has been granted USD 1m worth of MANA tokens from the Decentraland DAO following a blockchain vote to help support Decentral Games’ ICE token while they prepare to…


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