Binance CEO Changpeng “CZ” Zhao on Saturday reacted to China's release of a white paper on Web 3.0 innovation and development. He said the timing of this Web 3.0 white paper by Beijing's science and technology government body ahead of Hong Kong's launch of the crypto licensing regime on June 1 is quite interesting.

https://coingape.com/?p=149845

In a collaborative effort to advance the understanding and implementation of retail Central Bank Digital Currencies (CBDCs), seven central banks and the Bank for International Settlements (BIS) are actively examining ongoing policy issues surrounding this transformative financial technology.

https://www.cryptopolitan.com/7-central-banks-and-bis-work-on-retail-cbdcs/

Although the implementation of the recently approved Markets in Crypto Assets (MiCA) regulations is likely to be difficult, their coming into force is going to have a positive outcome for everyone in the industry, Przemyslaw Kral, the CEO of the crypto exchange Zondacrypto, has said.

https://news.bitcoin.com/zondacrypto-ceo-mica-regulations-will-stop-rogue-exchanges-from-profiting-from-criminal-activity/

The Winklevoss-owned crypto exchange Gemini Trust Co. will establish its European headquarters in Dublin, Ireland. US-based Gemini announced it will run its European operations out of Dublin, Ireland.

https://cryptodaily.co.uk/2023/05/gemini-to-establish-european-headquarters-in-ireland

Transfers over €1000 (£880) to be traced key provisions for issuing and trading cryptocurrencies Binance head approves of the move The European Union's landmark Markets in Crypto-Assets bill is poised to go live after bloc members voted overwhelmingly in favour of the regime on Thursday. MiCA will unify the 27 member states' cryptocurrency licensing regime under one legal roof, marking what EU commissioner for financial stability Mairead McGuinness called a “world first”.

https://www.proactiveinvestors.co.uk/companies/news/1012798/stablecoin-and-crypto-bill-gets-thumbs-up-from-eu-lawmakers-1012798.html?SNAPI

Binance Australia has halted AUD fiat services in a move that could impact a large number of crypto users in the country.

https://ambcrypto.com/binance-australia-halts-aud-deposits-and-withdrawals-heres-why/

Hunan Province in China has taken a significant step forward in digital finance by launching new digital yuan loans for tech startups. This move is consistent with Beijing's desire to investigate financing options using central bank digital currency (CBDC).

https://bitcoinworld.co.in/hunan-china-debuts-digital-yuan-loans-for-small-businesses-another-cbdc-first/?SNAPI

The SEC's response to Coinbase's lawsuit has left much to be desired.

https://dailycoin.com/sec-response-to-coinbase-sparks-calls-to-leave-us/

The US Securities and Exchange Commission (SEC) has stuck to its guns in its long-running quarrel with Nasdaq-listed cryptocurrency exchange Coinbase Global Inc (NASDAQ:COIN). Coinbase is suing the SEC for a response to a rule-making petition submitted by the exchange last July as way to obtain regulatory clarity in its most lucrative jurisdiction.

https://www.proactiveinvestors.co.uk/companies/news/1015151/sec-shows-no-sign-of-playing-nicely-with-coinbase-1015151.html?SNAPI

G-7 unites to embrace upcoming crypto asset regulations set by the FSB. G-7 reaffirms support for IMF's guidelines on central bank digital currencies.

https://thenewscrypto.com/g-7-unites-to-embrace-global-crypto-regulations-and-imf-guidelines/?SNAPI

Digital asset investment products experienced outflows of $54 million during the week ending May 13, CoinShares said in its weekly report. That trend of outflows has been ongoing for four consecutive weeks, bringing the period's overall outflow to around $200 million and representing 0.6% of total assets under management.

https://cryptoslate.com/digital-asset-investment-products-see-outflows-for-4th-consecutive-week-totaling-200m/

The U.S. Chamber of Commerce is supporting Coinbase's efforts to secure regulatory guidance on crypto assets from the U.S. Securities and Exchange Commission (SEC).

https://dailyhodl.com/2023/05/13/u-s-chamber-of-commerce-lines-up-in-support-of-coinbase-amid-exchanges-push-for-regulatory-clarity-from-sec/

The two brands have created a crossover NFT collection featuring a variety of rarity levels and real-world perks.

https://decrypt.co/139666/barbie-boss-beauties-digital-collectibles-nfts-women-web3

The Canton Network introduces the industry's first private-blockchain designed specifically for financial institutions

https://dailycoin.com/what-is-canton-microsoft-goldman-new-blockchain/

The following is a guest post by Fly Air Inc CEO Stuart Bullard. ESG is in the spotlight, and executives at major corporations are starting to take sustainability seriously.

https://cryptoslate.com/op-ed-is-blockchain-quickly-becoming-the-solution-for-esg/