Search results for HTX
Crypto
HTX delists Trump family-linked stablecoin USD1 as address freeze dispute escalates
Crypto exchange HTX has halted support for the Trump family-linked stablecoin USD1 and delisted related trading pairs. HTX said issuer World Liberty Financial froze an exchange-related on-chain address without prior consultation, restricting some assets linked to the address. The exchange said it will convert users’ USD1 holdings to tether (USDT) at a 1-for-1 ratio, with details to be announced later. HTX criticised the freeze as lacking communication and transparency and said it is considering legal action.
Crypto
Pakistan opens banking to crypto operators, mandates customer fund segregation
Pakistan\'s central bank has allowed banks to open and maintain accounts for licensed virtual asset service providers, effectively ending a ban on crypto-related financial transactions in place since 2018. Banks must verify licences issued by the Pakistan Virtual Asset Regulatory Authority or accept a no-objection certificate for limited accounts. The rules require customer funds to be held separately in non-interest rupee accounts and strengthen anti-money laundering and counter-terrorism financing obligations.
AI & Enterprise
South Korea holds Korea-Singapore AI Connect Summit, to build $300 million global fund
South Korea\'s Ministry of Science and ICT and the Ministry of SMEs and Startups held a Korea-Singapore AI Connect Summit in Singapore on Monday during President Lee Jae-myung\'s state visit, and moved to build an AI cooperation framework with Singapore. The SME ministry plans to set up the government\'s first offshore global parent fund in Singapore in the second half of this year and expand it to $300 million by 2030. The science ministry plans a 50 billion won joint research programme starting in 2027.
