Digital Assets

Cryptocurrency

FSC Korea to Establish Dedicated Virtual Assets Division

By Editors | 12/06/2024

The new division is being created as a temporary organisation to establish an effective disciplinary system for the virtual asset market.

Cryptocurrency

FSS Korea Hosts First Industry Workshop on New Crypto Law

By Manesh Samtani | 11/06/2024

The workshop, and future workshops, are intended to ensure the “smooth implementation” of the Virtual Asset User Protection Act in July.

CBDCs

HSBC China Launches e-CNY Services for Corporate Clients

By Sanday Chongo Kabange | 11/06/2024

HSBC China has become one of the first foreign banks in the country to provide digital yuan services to both corporate and retail customers.

Tokenisation

Korea Sets Guidelines on Treatment of NFTs Under New Law

By Manesh Samtani | 11/06/2024

NFTs that are not unique, produced in large quantities, split into fractional units, or used in payments will be regulated under the new Virtual Asset User Protection Act.

Cryptocurrency

VASP Business Closures Not Being Handled Properly: KoFIU

By Manesh Samtani | 07/06/2024

More VASPs are expected to close ahead of the Virtual Asset User Protection Act coming into effect on 19 July, KoFIU said.

Cryptocurrency

Thai SEC Grants First Approval for Bitcoin ETF

By Editors | 07/06/2024

The ETF will operate under a fund-of-funds structure, allocating investments across major global Bitcoin funds.

Cryptocurrency

Japan FSA Directs Crypto Firm to Report on $300m Theft

By Editors | 06/06/2024

The FSA directed DMM Bitcoin to investigate and report on the cause of the theft. The government will monitor these efforts and “respond appropriately”.

CBDCs

Project mBridge Ready for Live Transactions by Early Adopters

By Manesh Samtani | 06/06/2024

Private sector firms are invited to further develop the multi-CBDC platform by proposing new solutions and use cases.

Cryptocurrency

No Penalty for Block Earner, Australian Court Rules

By Sanday Chongo Kabange | 05/06/2024

The Federal Court said Block Earner will not have to pay a penalty as it acted “honestly” before offering its “Earner” product.