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🗓 Weekly news roundup: Hong Kong to allow banks to collaborate with crypto companies, Boston Dynamics integrates chatgpt into robot dog, FTX releases balance report.

2023-05-01

Read on for these and other news in our digest!

✅ Hong Kong calls on banks to collaborate with licensed crypto companies
As part of the city's strategy to become a global crypto hub, Hong Kong is emphasizing banks' preparation for collaboration with licensed cryptocurrency operators. Thus, in the updated document, crypto companies will have the legal right to collaborate with banks. The regulator is also creating a special team of experts to develop this business direction. The full launch of crypto trading is planned for June 1.

✅ Taiwan to allow crypto operations from September
In September, Taiwan will publish a document "Buying and Selling Cryptocurrencies in the Banking Sector." It will allow traditional banks to provide rights for trading cryptocurrencies. The Taiwanese government has also instructed the creation of a common regulatory framework for the blockchain industry. The Taiwan Financial Supervisory Commission is already working with several dozen crypto exchanges on future changes.

✅ FTX presents a new capital report
The saga with FTX in the public domain continues. Last week, the crypto company released a report on balances. As of today, they have spent $86 million on their activities. At the same time, $67 million from this amount went to lawyers and liquidators.The company stated that it has $2 billion in cash and received $48 million from asset sales. However, the report is relevant until the end of March. It does not take into account several recent deals, including the sale of LedgerX for $50 million. During the new management's tenure, the exchange even does not exclude the possibility of a relaunch.

✅ Boston Dynamics teaches its robot dog to speak
The most famous robot manufacturer, Boston Dynamics, recently published a video demonstrating the new capabilities of the Spot robot. Thanks to chatgpt technology, the robot dog can now communicate and even answer questions. It looks very funny!

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