Krafton addresses leadership changes at Unknown Worlds, former executives file lawsuit against publisher

Krafton has issued a statement regarding leadership changes at Unknown Worlds implemented last week, claiming the developer’s former executives “abandoned the responsibilities entrusted to them”. Posted on Krafton’s homepage, the publisher said “the absence of core leadership resulted in repeated confusion in direction” leading to the decision to delay the release of Subnautica 2 to…

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Hong Kong Passes stablecoin Bill, One Step Closer to Issuance

Hong Kong’s legislature passed a stablecoin bill on Wednesday that establishes a licensing regime for fiat-referenced stablecoin issuers in Hong Kong, providing regulatory clarity for upcoming stablecoin issuers. Under the new regime, any person who issues stablecoins in Hong Kong – or issues stablecoins backed by Hong Kong dollars, whether within or outside the city – must obtain a licence from the Hong Kong Monetary Authority (HKMA), according to a government press release….

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