Source: AdobeStock/Tom Cathy Wood, CEO of the investment management firm ARK Invest, has acquired more shares of the main cryptocurrency exchange Coinbase, which has lost almost 90% of its value in the last year. The company bought roughly $5.8 million worth of COIN shares on Thursday, split between the ARK Next Generation Internet (ARKW) and … Read more
Hong Kong’s Legislative Council has approved new amendments to its anti-money laundering (AML) and terrorist financing regime to include virtual asset service providers. The new law will establish a new licensing system for virtual asset service providers that will take effect on June 1, 2023. The new amendment will subject crypto exchange service providers to … Read more
Dear editor Small economies need income from tourists, exports, and other foreign exchange to purchase imported goods, while individuals seek salaried jobs to purchase household goods. In a subsistence economy, each family or group must rely on its own resources to protect itself; The quality of life is poor. Families whose members find employment that … Read more