FAMEEX Morning Crypto News Recap | February 23, 2023

US regulators tighten hold over crypto as judge rules NBA Top Shots NFTs as plausible securities
https://www.fameex.com/en-AU/news/crypto-trending-news-2023022301
Judge Marreno rejected a motion to dismiss the case brought on by the Securities and Exchange Commission (SEC), asking for a Howey Test for the NFTs.

Canadian Regulators Say No to Algorithmic Stablecoins
https://www.fameex.com/en-AU/news/crypto-trending-news-2023022302
Fiat-backed stablecoins may get a pass, if their reserves are liquid and audited monthly.

Hong Kong Looking to Become Dominant Digital Assets Hub
Hong Kong is looking to embrace digital assets with both arms wide open. According to a Financial Times article, its aim is to become a dominant digital assets hub.

Solana Shutting Down NYC And Miami Stores
The Solana Spaces company is shutting down all its NYC and Miami-based storefronts to prepare for their move to the Web3 space. These brick-and-mortar stores were used to pitch the adoption of the Solana blockchain.

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