🔥 EU made a u-turn on "self-hosted" wallets

🔥 EU made a u-turn on "self-hosted" wallets 🪠 Hong Kong establishes a task force to develop digital asset space 🥐 Binance partners with the biggest PoS terminal provider to offer in-store crypto payments in France

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🔥 EU made a u-turn on "self-hosted" wallets 

🪠 Hong Kong establishes a task force to develop digital asset space

🥐 Binance partners with the biggest PoS terminal provider to offer in-store crypto payments in France

EU made a u-turn on "self-hosted" wallets

EU's anti money laundering laws were revisioned and it looks like a U-turn has been made on their stance of "self-hosted" wallets. After originally proposing a ban on such privacy-enhancing crypto assets, it seems that they had a change of heart and are now excluding them from their bills. Seems like privacy still will have its place after all.

Though it's not all roses - if the originator or beneficiary of a transaction cannot be identified, then the same €1,000 ($1,070) cap will still apply. But that's still miles better than a full-on ban.

If the EU is listening to regular users, then it's a sign of good things to come. They could be looking towards having a more balanced approach when it comes to crypto regulation and that can only be a great thing.

Hong Kong establishes a task force to develop digital asset space

Hong Kong is making moves to become a global player in the crypto market. In his recently delivered budget speech, Financial Secretary Paul Chan said that the city-state was well on its way to becoming a ‘crypto hub’, and announced the establishment of a task force to make the dream a reality.

The task force will make recommendations on how to develop the digital asset space in a ‘sustainable and responsible’ way, and will be made up of representatives from relevant policy bureaux, financial regulators and market players.

Hong Kong recently made headlines when it announced plans to allow retail investors in the city to trade digital tokens like Bitcoin and Ether. The decision stands in stark contrast to the US, where regulators have been cracking down following the collapse of the FTX exchange, so many in the space are expecting a "Hong Kong" boom in the near future, but whether or not it lives up to the hype remains to be seen.

Binance partners with the biggest PoS terminal provider to offer in-store crypto payments in France

Binance just can't seem to get enough of France - they've partnered with Ingenico (you know, the company that makes most of those credit card terminals) to bring crypto payments in-store. Now you can get that baguette with crypto.

Binance ran a pilot program in Paris, where crypto payments were accepted at two merchants: a bar called Le Carlie and a clothing store named Miss Opéra. Sounds good for a start, but what's next? Well the plan is to deploy this solution in other countries where Binance is regulated.

Hopefully, other countries will soon be able to enjoy the freedom of paying with crypto just like Parisians.