Daniel L.

Hong Kong’s Stablecoins Ordinance comes into effect today (1 August) and marks the implementation of the regulatory regime, introducing a robust regulatory framework for stablecoin issuers. We believe it is better for regulated stablecoin business, which is still in its infancy, to start with stricter regulations to ensure sound operation. With practical experience gained, we will be in a position to be flexible in certain areas. This will be a more suitable approach than dealing with the consequences left by lax regulations. ⚠ Important notice: Please be aware that, as of today, no licence has been issued by the HKMA. We urge the public to stay vigilant to any persons who claim to be regulated or licensed stablecoin issuers in Hong Kong. Follow our social media channels and visit the HKMA website for more details and the latest development on the licensing regime. #HKMAInnovates #StablecoinRegulation #ResponsibleInnovation #DigitalAssetEcosystem #FinancialStability #AntiScam

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recoveris secures 1M francs from VerifyVASP for AI blockchain platform Zug-based blockchain intelligence company Recoveris closed 1M francs in strategic financing led by Singapore digital asset RegTech VerifyVASP, with participation from angel investors. Founded last June, Recoveris serves crypto exchanges, DeFi projects, banks, insurers, law firms, and individuals with digital asset recovery services. The AI platform will add scalability and advanced intelligence to on-chain analysis for blockchain crime investigation. The funding will accelerate development of Recoveris's AI-enhanced blockchain investigation management system. CEO and founder Marcin Zarakowski said: "This 1M francs is rocket fuel for our technology roadmap, enabling us to build the management system that will define the future of on-chain investigations." VerifyVASP CEO ShihYun Chia added the partnership combines Recoveris' vision with VerifyVASP's verified data to make the digital economy safer. Source: https://lnkd.in/e9i-YqYa This and more FinTech news in my newsletter— sign up here: https://lnkd.in/gNimrjeR Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story. Next! [ 𝗹𝗶𝗸𝗲 ]

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🚀 Stablecoins + QR Payments = A New Era for Vietnam 🇻🇳 The payments world is shifting—from cash and cards to borderless digital dollars. Stablecoins like USDT and USDC are no longer just tools for traders. They’re becoming the fastest, cheapest, and most inclusive way to pay for anything, anywhere. 💡 The numbers: • The global stablecoin market is worth $230B+ today—and growing fast. • Stablecoins offer instant settlement, low fees, and 24/7 global reach. • For the 1.4 billion people without reliable banking access, all you need is a smartphone to connect to the global economy. ⸻ Why Vietnam? Vietnam is one of the fastest-growing digital economies in Southeast Asia. 📊 Key facts: • Mobile payment volume: $226B in 2022, projected to reach $475B by 2025. • The government is actively pushing for a cashless society. • QR code payments are everywhere—700,000+ merchants accept them nationwide. This is a market primed for innovation. ⸻ What We Built at PEXX At PEXX we’ve become the first stablecoin bank to enable QR code payments in Vietnam. Here’s how it works: 1️⃣ Scan any VietQR code. 2️⃣ We automatically detect the merchant via the banking network. 3️⃣ Your USDT or USDC is instantly converted to VND. 4️⃣ Payment is completed—all in under 60 seconds. ⸻ Why This Changes Everything ✅ Tourists can spend stablecoins directly at local shops. ✅ Merchants receive instant VND settlement—no currency exchange hassles. ✅ Cross-border remittance becomes as simple as buying coffee. With 700k+ QR merchants now within reach, stablecoins aren’t just digital assets—they’re everyday money. ⸻ Vietnam’s fintech scene is booming, with global events like Blockchain Week and World Financial Innovation Series showcasing the country’s potential. By combining stablecoin technology with existing payment rails, we’re not just keeping up with the future—we’re helping define it. ⸻ 💬 If you’re in fintech, payments, or blockchain, I’d love to hear your thoughts: • How will stablecoins reshape emerging markets? • What other countries are ready for a leap like this? #PEXX #StablecoinBank #Stablecoins #Fintech #Vietnam #DigitalPayments #FutureOfPayments #Inclusion #Innovation #Web3 #Blockchain

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Tazapay, a Singapore-based global cross-border payments infrastructure platform, has announced the successful close of its undisclosed #SeriesB funding round. The round was led by existing investor Peak XV Partners, with participation from Ripple (US), Circle Ventures, Norinchukin Bank (Japan), GMO VenturePartners,Inc. (Japan), January Capital, and Arc180. Read more: https://lnkd.in/dBk6GHV5 Tazapay, Rahul Shinghal, Eric Jeck #FintechNewsUAE #Tazapay #Funding #Investment #VCs #SeriesB #Fintech #PaymentInfrastructure #CrossborderPayments #DigitalPayments #MENA #Singapore #UAEFintechNews

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