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Crypto asset
Huobi Hong Kong Withdraws License Application for the Second Time
HBGL Hong Kong Limited, the entity behind Huobi Hong Kong, first withdrew and then re-submitted its application for a Hong Kong VATP license in February.
New Zealand Is Not Exploring Crypto Regulation, but Recommends Increased Vigilance
"Issues raised by crypto-assets and other innovations do not fall neatly within agency boundaries," said Ian Woolford, Director of Money and Cash, Reserve Bank of New Zealand.
SEC Warns That Retirement Accounts’ Crypto Stakes May Be Unregistered Securities
The agency issued an investor alert flagging self-directed retirement accounts that may be provided bad information about their crypto holdings.
Crypto Tax Proposed by Lawmakers to Fund EU Budget
Taxing capital gains, mining or crypto transactions are all being examined to fund the European Union’s $185 billion annual spending.
Bitcoin Holding Steady Above $19K
Bitcoin (BTC) is trading within a narrow $19,000 to $21,000 range it's held for much of the past month and the trend could continue short of an unexpected catalyst. Last week saw $12 million in crypto asset inflows, with 75% of those from BTC. The ether-bitcoin ratio is maintaining an upward trend line, characterizing a bull run from June lows.
