The law covers 12 aspects, include a licensing system for virtual assets businesses, rules for their operations, and prohibitions on unfair trading practices.
Singapore police say the assets involved in the case now involve S$2.4bn, which is more than twice the amount initially reported in August.
The investment token is backed by three Bangkok luxury condominium projects. The ICO raised about THB 2.4 billion (USD 67 million).
The inaugural list of D-SIIs includes AIA Singapore; Income Insurance; Prudential Assurance; and Great Eastern Life.
Korea to Relax Rules to Boost Offshore Lending and Trade FinanceSeptember 23, 2023
Malaysia SC Outlines Ongoing Initiatives to Boost Capital MarketSeptember 23, 2023
Lawmaker to Propose Taiwan’s First Dedicated Virtual Assets LawSeptember 23, 2023
Australia Court Fines NAB $1.3m for Overcharging CustomersSeptember 23, 2023
US Imposes Sanctions on Entities Linked to Iranian Drone ProductionSeptember 23, 2023
ASIC Postpones Financial Adviser Registration to 2024September 23, 2023
CSRC Plans Reforms to Drive Better Dividend Payouts by Listed CompaniesSeptember 23, 2023
RBI Revises Guidelines on Identification of ‘Wilful Defaulters’September 22, 2023
SFC Finalises Revisions to Takeovers and Share Buybacks CodesSeptember 22, 2023
APRA to Enhance Standards on Superannuation Member OutcomesSeptember 22, 2023