Crypto / Digital Assets

Crypto / Digital Assets

HKMA Sets Out Expectations on Tokenised Product Offerings

By Manesh Samtani | 20/02/2024

HKMA circular sets out expectations for the sale and distribution of tokenised products in respect of due diligence, disclosure and risk management.

Crypto / Digital Assets

Japan: Cabinet Approves Bill to Allow VC Investment in Crypto

By Editors | 20/02/2024

The move is expected to enable VC firms to engage in projects that exclusively deal with crypto issuance, such as Web3 startups.

Enforcement

AFP Officer Charged with Stealing Bitcoin from Drug Bust

By Mark Johnston | 17/02/2024

The 2019 theft was discovered in 2021, when police implemented new tracing tools and tracked the crypto to Binance.

Crypto / Digital Assets

More Clarity in Rules Key to Tokenisation of VCCs

By Nithya Subramanian | 15/02/2024

Tokenising VCCs provides the opportunity to drive greater operational cost efficiencies across the fund lifecycle and explore new business models.

AML / KYC

KoFIU Workplan for 2024 Has a Heavy Focus on Crypto

By Manesh Samtani | 15/02/2024

KoFIU will also block “unqualified operators” from entering the market and “expel unqualified operators that have already entered the market”.

Crypto / Digital Assets

Philippines Plans to Launch Wholesale CBDC Within Two years

By Nithya Subramanian | 13/02/2024

BSP Governor Eli Remolona said the CBDC will operate on the central bank’s payment and settlement system and not use blockchain or DLT.

Enforcement

NYAG Expands Fraud Lawsuit Against Crypto Firms to $3b

By Mark Johnston | 13/02/2024

Investigations have revealed that additional investors were defrauded beyond the $1bn claimed in the original suit against Gemini, Genesis and DCG, filed in October 2023.

Crypto / Digital Assets

FIX Unveils 2024 Priorities for Digital Assets Markets

By Ranamita Chakraborty | 13/02/2024

FIX’s Digital Assets & Technology Committee will focus on integration and interoperability, regulatory guidance, and the efficient use of DLT and smart contracts.

Crypto / Digital Assets

RBI to Enable CBDC Programmability, Offline Functionality

By Ajoy K Das | 10/02/2024

RBI statement also said it will introduce a new principle-based framework for the authentication of digital payment transactions.