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Big Picture
WEF Offers Guidance to Policymakers on DAO Structures, Risks
By Editors | 28/06/2022
DAOs may disrupt whole sectors but they also confront challenges of cybersecurity, governance, and regulatory uncertainty, says a new WEF report.
Crypto / Digital Assets
Thai SEC Proposes to Tighten Rules for ICO Portals
By Editors | 28/06/2022
ICO portals cannot provide services for digital token offerings if there is a conflict of interest, such as in situations where they hold shares in the issuer.
Securities / Derivatives
Malaysia Unveils Strategic Roadmap to Develop Labuan IBFC
By Editors | 28/06/2022
The roadmap includes plans to develop regulatory requirements for digital assets, the tokenisation of non-securities, and dealings on digital exchange platforms.
Crypto / Digital Assets
Shenzhen Authorities Issue Warning Against Crypto Speculation
By Editors | 28/06/2022
Domestic staff of overseas crypto exchanges and others engaging in crypto-related business will be investigated.
Crypto / Digital Assets
Japan’s Soramitsu to Study CBDC in Vietnam, Fiji, Philippines
By Editors | 27/06/2022
Japan’s METI has selected Soramitsu to conduct CBDC feasibility studies in other APAC countries, building on its work in Cambodia and Laos.
Crypto / Digital Assets
Chinese Courts Rule Sales Agreement Involving Crypto as Invalid
By Editors | 26/06/2022
The court said virtual currencies are not legal tender, referencing the 2017 declaration from the PBOC. A higher court upheld the ruling.
AML / KYC
Hong Kong VASP Regime to Take Effect on 1 March 2023
By Natalie Curtis | 26/06/2022
The government acknowledges that the VASP regime will be more rigorous and comprehensive than those in Singapore, UK and Japan.
Crypto / Digital Assets
Bitcoin Consumes Less Energy than Classical Payments: Report
By Mark Johnston | 25/06/2022
Research report finds that the Lightning network enables a single Bitcoin transaction to become 194 million times more energy-efficient than a classical payment.
Crypto / Digital Assets
ADDX, CCB Partner to Enable Chinese Offshore Investments
By Editors | 24/06/2022
The CCB agreement allows ADDX to operationalise an arrangement with ICHAM to channel QDLP funds from mainland investors into overseas digital securities.
Fintech / Regtech
Mojaloop Launches CBDC Center of Excellence in Singapore
By Editors | 24/06/2022
MAS welcomed the Center of Excellence, describing Mojaloop’s efforts as “a step forward into the future of financial services”.
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