Crypto / Digital Assets

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.