DeFI News by Thebittimes.Com

The Vice-President of HKUST criticizes Hong Kong’s current virtual asset licensing system as “Licensed to Be Killed,” advocating for a new public blockchain for real-world assets. Wang Yang, the Vice-President of The Hong Kong University of Science and Technology, recently criticized Hong Kong’s current approach to regulating virtual assets. Yang argued that the existing licensing system is not only burdensome but also counterproductive, coining the term “Licensed to Be Killed” to describe the plight of licensed exchanges like OSL, which have faced significant losses. Hong Kong needs a robust public blockchain Yang emphasized the need for Hong Kong to shift its focus from mere compliance and licensing to building a robust Web3 ecosystem. He proposed the deep integration of virtual and real-world assets (RWAs) through blockchain technology. Yang also called for the establishment of a new public blockchain for RWAs in Hong Kong, complete with an ...

World Mobile, a decentralized wireless network operator, has obtained up to 20MHz spectrum in California, New Mexico, Nevada, and Utah. World Mobile secures licensed spectrum World Mobile has achieved a significant milestone in its mission to provide reliable and affordable internet access by securing license d spectrum and obtaining up to 20MHz in California, New Mexico, Nevada, and Utah of the United States, paving the way for its expansion plans into the country.  The development aligns perfectly with the United States government’s efforts to promote connectivity nationwide. The president of the United States, President Biden, recently announced a $42 billion high-speed internet initiative focused on providing access to broadband services in rural and low-income areas to enhance competition and affordability in the space.  You might also like: World Mobile Launches in the United States and Onboards Expert Chief Architect, James Tagg The Commerce Department h...