Crypto / Digital Assets

Crypto / Digital Assets

HKMA Establishes New CBDC Expert Group

By Editors | 23/10/2023

The Expert Group comprises faculty members of five local universities, who will support the HKMA’s exploration of key policy and technical issues surrounding CBDC.

Crypto / Digital Assets

Cash-for-crypto Shops Need Regulation, Says HK Customs Official

By Editors | 23/10/2023

A regulatory regime for OTC crypto exchange shops is currently being considered by authorities, according to Commissioner Louise Ho.

Crypto / Digital Assets

SC Malaysia Grants In-principle Approval to Digital Asset Custodian

By Editors | 22/10/2023

With a full licence expected within six months, Gambit Custody will become just the second firm with a digital asset custodian licence in Malaysia.

Crypto / Digital Assets

US SEC Drops Lawsuit Against Ripple Executives

By Editors | 22/10/2023

Analysts say the move will ultimately allow the SEC to appeal the court’s earlier decision about XRP not being a security sooner.

Crypto / Digital Assets

SFC, HKMA Issue New Joint Circular on Virtual Assets

By Manesh Samtani | 22/10/2023

The circular supersedes a similar circular from January 2022, setting out additional requirements for intermediaries providing virtual asset services to retail investors.

Crypto / Digital Assets

Eurex Set to Add Options to Crypto Derivatives Suite

By Mark Johnston | 21/10/2023

The new options contracts will allow investors to deploy new trading strategies with institutional grade trading and clearing safeguards, Eurex said.

Crypto / Digital Assets

DTCC to Build Infrastructure to Support Adoption of Digital Assets

By Mark Johnston | 20/10/2023

DTCC is acquiring digital asset technology provider Securrency; will offer new blockchain-based products and “unlock the power of institutional DeFi”.

Enforcement

NYAG Sues Crypto Firms Gemini, Genesis, DCG for Fraud

By Manesh Samtani | 20/10/2023

“Gemini hid the risks of investing with Genesis, and Genesis lied to the public about its losses,” said AG Letitia James. The lawsuit says 230,000 investors lost more than $1bn.

Crypto / Digital Assets

Korea FSS Developing Rules to Implement Virtual Asset Law

By Mark Johnston | 20/10/2023

Regulations to implement the Virtual Asset Users Protection Act, which was passed in June, will be ready by January 2024.