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Hi there,
While the world celebrated Halloween in fun ways this week, crypto folk were elated for different reasons.
14 years after the release of Satoshi Nakamoto’s whitepaper, countries are now finding the sweet spot in crypto regulation – one that can strike a balance between investor protection and a flourishing industry that creates jobs.
While Hong Kong updated its cryptocurrency rules to legalize retail trading, Singapore is dramatically restricting access to crypto for investors after last year’s market rout caused great losses throughout the industry.
But it’s not all doom and gloom in Singapore. NFTs now qualify as property in the city-state, positioning the country as the first in Asia to regulate digital assets as physical ones.
Meanwhile, companies at the Singapore Fintech Festival are capitalizing on the regulator’s positive sentiment around stablecoins.
In this week’s Token Issue, we’ve lined up a bunch of stories, ranging from a fun one about the “highly liquid” NFTs of panties to a brand new stablecoin in Singapore as well as the continuation of the Hodlnaut saga.
– Deepti
THE BIG STORIES
Coming soon from PussyDAO: an NFT you can wear
Image credit: Timmy Loen
PussyDAO is the latest among a slew of companies to link buying NFTs attached to clothes, joining the likes of Adidas, Gap, and Patron Tequila. What started as a joke is now a platform that’s set to launch its line of redeemable NFTs – attached to lingerie – on the Solana blockchain. Read on for more details on the project.
Hodlnaut founders hid financial documents, new Singapore court report says
Hodlnaut has become one of the hottest pieces of gossip in crypto town, thanks to the drama that doesn’t stop. Our latest story will tell you why Hodlnaut’s court-appointed managers are trying to force the founders to turn over financial documents, potentially containing information that determines whether the company will get liquidated.
⭐ TO THE STARS
🌙 TO THE MOON
🌏 BACK TO EARTH
STILL A PONZI SCHEME
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