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FameEX Afternoon Crypto News Recap | March 20, 2023

2023-03-20 16:30:55

Microsoft Edge reportedly considering integration of in-built cryptocurrency wallet
Microsoft is currently developing a crypto wallet feature that was first identified by a Twitter user and is currently undergoing internal testing, according to a Windows Central report. The feature will allow users of the Edge browser to securely and easily store, send, and receive cryptocurrency funds, as well as support non-fungible tokens (NFTs). The development of a crypto wallet by Microsoft represents a notable move towards the increased adoption of digital currencies and blockchain-based assets.

Taiwan's Financial Regulator to Monitor Cryptocurrencies with Regulatory Oversight
Taiwan's Financial Supervisory Commission (FSC) will be the main regulator of cryptocurrencies, except non-fungible tokens (NFTs), on the island, according to the commission's head, Huang Tien-mu. The FSC's initial responsibilities will include the monitoring of payments and transactions. The move comes as Taiwan has raised concerns about cryptocurrencies' impact on financial stability, prompting increased scrutiny by the FSC of the crypto industry.

Google Trends Data Shows Dramatic Increase in Searches for 'Bank Runs' and 'Banking Crisis'
Google Trends data shows a significant surge in interest in the US banking crisis in the last two weeks, with a sharp increase in searches for terms like "banking crisis," "bank collapse," and "bank failure." On March 13, 2023, the search term "banking crisis" reached the top Google Trends score of 100, and the related searches are primarily associated with the financial troubles of Signature Bank, Silicon Valley Bank, and First Republic Bank.

Chinese companies explore potential in Hong Kong's crypto market
Chinese business executives are reportedly interested in Hong Kong's bid to become a cryptocurrency hub in the region, despite China's ongoing crackdown on digital assets. Lawyers and consultants have revealed that Chinese securities companies and banks are among those exploring opportunities in the sector, with the possibility of retail trading in Bitcoin and Ethereum coins being a major draw for them to the city's two licensed exchanges, HashKey and OSL.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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