Nikolas Sargeant
Major cryptocurrency exchange KuCoin released its Market Watch report on Wednesday, August 16th. Among its contents, the report focuses on the changing regulatory landscape in the cryptocurrency hubs Hong Kong and Singapore.
Singapore finalized disclosure requirements on stablecoins. According to Singapore’s regulations, reserves backing stablecoins must be in low-risk and highly-liquid assets. While Hong Kong has begun actively exploring increasing its regulatory framework for stablecoins.
Other international news shows that Slovenia leads Europe in crypto enthusiasm and that Adidas partnered with Bathing Ape (BAPE) to release NFT shoes.
Additionally, they report that $COMP has gone live on Ethereum Layer 2 Base Network, while $SNM, $SRM, and $YFII experienced price drops. $SEI also debuted this week, with its price stabilizing around $0.19.
Investors interested in trading these tokens can sign up with KuCoin today. All relevant KuCoin fees apply, which are well below the global market average. They only charge a flat 0.10%, which can be reduced significantly if you pay the fee in the native KCS token.
