Digital Assets

Tokenisation

MAS Expands Project Guardian Initiatives to Scale Asset Tokenisation

By Nithya Subramanian | 28/06/2024

The financial regulator has also released a whitepaper on the design principles, objectives, considerations and potential uses of Global Layer One Initiative.

Cryptocurrency

Thailand SEC to Relax Outsourcing Rules for ICO Portals

By Editors | 28/06/2024

The SEC is consulting on amendments that would allow ICO portals to outsource additional business operations beyond what is currently permitted.

Fraud, Scams & Cybercrime

Korea: FSS, KISA to Collaborate on Crypto Investigations

By Manesh Samtani | 27/06/2024

The MoU will establish a cooperative investigation system between the FSS and KISA for cyber incidents that disrupt the virtual asset market.

DeFi & Web3

HK LegCo Forms New Sub-committee on Web3 and Virtual Asset Growth

By Sanday Chongo Kabange | 27/06/2024

The newly-formed committee will focus on developing regulatory frameworks, improvement of technology and investor safeguards.

Tokenisation

France, Luxembourg Publish Results of Bond Tokenisation Project

By Editors | 26/06/2024

Project Venus highlighted the potential for wCBDC and DLTs to improve access, security, and efficiency of digital capital markets.

DeFi & Web3

Hong Kong FIs Keen on DeFi and Metaverse: AoF Reports

By Sanday Chongo Kabange | 26/06/2024

HKMA said FIs are interested in exploring opportunities brought by DeFi and metaverse as they expand involvement in virtual assets.

Cryptocurrency

Korea Approves Enforcement Decree for New Virtual Assets Law

By Sanday Chongo Kabange | 26/06/2024

The enforcement decree mandates requirements on the safe storage of virtual assets and regulates unfair trading activities.

Custody & Infrastructure

UDPN Launches New Digital Currency Management Systems

By Manesh Samtani | 26/06/2024

One system was launched for commercial banks and regulated stablecoin issuers, and another to help FIs manage real-world asset tokenisation.

Anti-Money Laundering

South Korea Enhances Reporting Requirements for VASPs

By Mark Johnston | 25/06/2024

The revisions supplement changes that were approved in March, in anticipation of the new Virtual Asset User Protection Act coming into force next month.