FameEX Afternoon Crypto News Recap | March 20, 2023

Report suggests Microsoft Edge may soon incorporate built-in cryptocurrency wallet
https://www.fameex.com/en-US/news/crypto-trending-news-2023032003
Microsoft's upcoming crypto wallet feature, which was first spotted by a Twitter user, is currently in development and undergoing internal testing, according to a report from Windows Central. The feature is expected to provide users of the Edge browser with a secure and convenient way to store, send, and receive cryptocurrency funds, and will also support non-fungible tokens (NFTs). The development of a crypto wallet by Microsoft is a significant move towards the wider adoption of digital currencies and blockchain-based assets.

Regulatory Oversight of Cryptocurrencies to be Conducted by Taiwan's Financial Regulator
The Financial Supervisory Commission (FSC) of Taiwan will oversee cryptocurrencies on the island, excluding non-fungible tokens (NFTs), said Huang Tien-mu, the head of the regulator. The FSC will be responsible for monitoring payments and transactions. The announcement came amid concerns in Taiwan about the use of cryptocurrencies and their impact on financial stability, and the FSC has recently been stepping up its scrutiny of the crypto industry.

Surge in Google Searches for 'Bank Runs' and 'Banking Crisis' according to Google Trends Data
According to Google Trends data, interest in the US banking crisis has surged in the past two weeks, with a sharp increase in searches for terms like "banking crisis," "bank collapse," and "bank failure." The search term "banking crisis" reached a top Google Trends score of 100 on March 13, 2023, and related searches are related to financial issues faced by Signature Bank, Silicon Valley Bank, and First Republic Bank.

Chinese Firms Look to Capitalize on Cryptocurrency Opportunities in Hong Kong
Mainland Chinese business executives are showing interest in Hong Kong's campaign to become a regional cryptocurrency hub, despite China's crackdown on virtual assets. Lawyers and consultants say that Chinese securities companies and banks are exploring opportunities in the sector, drawn by the possibility that retail trading in bitcoins and Ethereum coins will be allowed on 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.