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China's second-largest fund house launches world's first renminbi tokenised money fund

China's second-largest fund house launches world's first renminbi tokenised money fund

The Hong Kong arm of China's second-largest fund firm China Asset Management (ChinaAMC) rolled out on Thursday the world's first renminbi-denominated tokenised money fund.This is the first tokenised money market product giving exposure to renminbi-denominated assets, after rising demand for simi…

KuCoin to Pay Nearly $300M Fine After Pleading Guilty to DOJ Charges

KuCoin to Pay Nearly $300M Fine After Pleading Guilty to DOJ Charges

KuCoin has pled guilty to one count of operating an unlicensed money transmitting business and has agreed to pay penalties of over $297 million, the United States Attorney's Office for the Southern District of New York said in a release on Tuesday."KuCoin avoided implementing required anti-money lau…