Crypto / Digital Assets

Crypto / Digital Assets

HK LegCo Forms New Sub-committee on Web3 and Virtual Asset Growth

By Sanday Chongo Kabange | 27/06/2024

The newly-formed committee will focus on developing regulatory frameworks, improvement of technology and investor safeguards.

Crypto / Digital Assets

France, Luxembourg Publish Results of Bond Tokenisation Project

By Editors | 26/06/2024

Project Venus highlighted the potential for wCBDC and DLTs to improve access, security, and efficiency of digital capital markets.

Crypto / Digital Assets

Hong Kong FIs Keen on DeFi and Metaverse: AoF Reports

By Sanday Chongo Kabange | 26/06/2024

HKMA said FIs are interested in exploring opportunities brought by DeFi and metaverse as they expand involvement in virtual assets.

Crypto / Digital Assets

Korea Approves Enforcement Decree for New Virtual Assets Law

By Sanday Chongo Kabange | 26/06/2024

The enforcement decree mandates requirements on the safe storage of virtual assets and regulates unfair trading activities.

Crypto / Digital Assets

UDPN Launches New Digital Currency Management Systems

By Manesh Samtani | 26/06/2024

One system was launched for commercial banks and regulated stablecoin issuers, and another to help FIs manage real-world asset tokenisation.

Crypto / Digital Assets

EU Council Formally Adopts 14th Russia Sanctions Package

By Editors | 25/06/2024

The measures target Russia’s LNG sector, sanctions circumvention, the finance sector, Russian disinformation, dual-use goods, and 27 “shadow fleet” vessels.

Crypto / Digital Assets

South Korea Enhances Reporting Requirements for VASPs

By Mark Johnston | 25/06/2024

The revisions supplement changes that were approved in March, in anticipation of the new Virtual Asset User Protection Act coming into force next month.

Crypto / Digital Assets

SNB Extends CBDC Project ‘Helvetia’ for Two More Years

By Editors | 24/06/2024

The SNB said it has become “the world’s first central bank” to carry out a monetary policy operation in a live production environment using DLT.

Crypto / Digital Assets

Hong Kong Seeks to Lures Canadian Tech Startups to City

By Sanday Chongo Kabange | 22/06/2024

Hong Kong officials are calling on crypto, fintech and Web3 startups from Canada to set up in the city.