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Here’s How 10 APAC Markets Are Approaching Crypto Regulation

Fintech News

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon.

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Marcus Remains Optimistic After Major Players Leave Libra

PYMNTS

David Marcus, the co-creator of Facebook’s Libra cryptocurrency, said progress is being made despite the exit of several big companies, CNBC reported on Wednesday (Oct. Although launched and led by Facebook, the stablecoin will be run by the nonprofit Libra Association. It’s a whitepaper. It’s an idea.

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A Brief History Of Libra

PYMNTS

It has been about a month since Facebook pulled back the curtain on its vision for Libra – a blockchain-backed cryptocurrency with the lofty aim of connecting the 1.7 To ward off the currency speculators that have tended to plague high-profile crypto projects like bitcoin , Libra will be a stablecoin, with its value pegged to the U.S.