Digital Assets

CBDCs

RBI to Enable CBDC Programmability, Offline Functionality

By Ajoy K Das | 10/02/2024

RBI statement also said it will introduce a new principle-based framework for the authentication of digital payment transactions.

Cryptocurrency

Australian Court Rules Yield-earning Crypto Product Illegal

By Editors | 09/02/2024

The Federal Court ruled that Block Earner was offering unlicensed financial services through its “Earner” product.

Cryptocurrency

Korea: Regulator May Be Forcing Binance to Sell GOPAX Stake

By Sanday Chongo Kabange | 09/02/2024

A year after Binance bought a majority stake in crypto exchange GOPAX, the regulator still has not approved the shareholding revision.

Tokenisation

UBS Launches Hong Kong’s First Tokenised Warrant

By Sanday Chongo Kabange | 09/02/2024

UBS said tokenisation opens a new channel for investors to access digital structured products.

Cryptocurrency

Hong Kong Proposes Regulatory Framework for OTC Crypto Venues

By Manesh Samtani | 09/02/2024

Firms providing “spot trade of any virtual assets for money” such as physical shops and ATMs would have to be licensed by the Commissioner of Customs and Excise.

Trading & Investment

Taiwan FSC Seeks to Launch Active ETFs by June – Reports

By Editors | 09/02/2024

The FSC has collected industry views on its proposals to allow active ETFs and is examining regulatory developments in other markets before finalising its rules.

Cryptocurrency

Korea Prepares to Implement Virtual Asset User Protection Act

By Manesh Samtani | 08/02/2024

The FSS released a roadmap to facilitate implementation of the new law, which will allow illegal activity to be punished with life.

Fraud, Scams & Cybercrime

South Korea Jails Two Bitsonic Executives for Crypto Theft

By Sanday Chongo Kabange | 08/02/2024

The CEO and CTO were sentenced to seven years and one year in jail, respectively, for embezzling KRW 10 billion in customer funds.

Tokenisation

HK Breaks New Ground With Digital Green Bond Issuance

By Editors | 08/02/2024

This is the first multi-currency digital bond offering in the world, and the first digitally native bond issuance in Hong Kong.