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The Hong Kong Monetary Authority has released a consultation paper, CRP-1 "Crypto Asset Classification," aiming to establish a regulatory framework that balances innovation and risk control. The paper clarifies the definition and classification of crypto assets, as well as regulatory requirements for financial institutions, aligning with international standards set by the BCBS. Summary generated by Mars AI. The accuracy and completeness of this summary, generated by the Mars AI model, are still in the process of iterative improvement.
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Camp is unlocking new use cases for intellectual property (IP), laying the foundation for a future where rights, authorization, and commercial monetization are embedded within the creative process.
- 16:04Mavryk Network completes $10 million financing round, led by MultiBank GroupBlockBeats News, on September 17, L1 network Mavryk Network announced the completion of a $10 million funding round, led by MultiBank Group. Mavryk Network will expand its real-world asset (RWA) tokenization initiative, tokenizing real estate in the United Arab Emirates valued at over $10 billions through MultiBank's RWA platform.
- 16:04Kredete completes $22 million Series A funding round, led by CAIF and FIVEBlockBeats News, on September 17, African fintech company Kredete announced the completion of a $22 million Series A funding round, led by AfricInvest through its Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE), with participation from Partech and follow-on investment from Polymorphic Capital. Kredete is committed to helping African immigrants improve their credit records through stablecoin payment and credit-building services, and plans to expand into the Canadian, UK, and European markets. The company will launch Africa's first stablecoin credit card, rental credit reports, credit savings plans, and other new features, and will build a bank and wallet aggregation API covering 41 countries to help businesses achieve secure, low-cost cross-border payments.
- 16:03U.S. Senators Call for Investigation into Trump’s AI and Crypto Advisor David SacksBlockBeats news, September 17, according to Decrypt, U.S. Senator Elizabeth Warren is investigating whether Trump AI and cryptocurrency advisor David Sacks has violated government ethics rules. Warren sent a letter to the U.S. General Services Administration and the Trump transition team, requesting Sacks' financial disclosure information to assess whether he faces conflicts of interest due to his investments. Sacks is currently also a partner at venture capital firm Craft Ventures, and his dual roles have sparked ethical controversy.