ADVERTISEMENT
Cryptocurrency
KB Asset Management Unveils Plans to Launch Crypto Funds
By Editors | 24/02/2022
KB Asset Management is working towards launching a crypto ETF, a crypto-themed equity fund, and potentially a hybrid fund that includes crypto exposure.
Tokenisation
Korean Think Tank Classifies Some NFTs as Virtual Assets
By Editors | 23/02/2022
NFTs used in games and for payments can satisfy the definition of virtual assets and may be subject to AML obligations, the Korea Institute of Finance said.
CBDCs
GFMA Paper Outlines Benefits and Challenges of Wholesale CBDCs
By Editors | 23/02/2022
A wholesale CBDC must be crafted with public and private sector collaboration. Implementation timelines should be set cautiously.
Structural Regulation
SFC Confirms Plans to Regulate Fund Trustees, Custodians
By Manesh Samtani | 23/02/2022
A new regulated activity (RA 13) will be introduced which will subject trustees and custodians of public funds to licensing requirements and ongoing regulatory supervision.
Fraud, Scams & Cybercrime
CBIRC Warns of Metaverse-related Investment Scams
By Darien Choong | 22/02/2022
The CBIRC warns of criminals luring the public to invest in high-tech projects related to the metaverse and profiting from “fake virtual currencies”.
CBDCs
Taiwan to Complete Second Phase of CBDC Trials By September
By Editors | 21/02/2022
Under the current design, a two-tier system is being used that will allow users to exchange bank deposits with the TWD digital currency.
Cloud & Infrastructure
Korea FSS Includes NFT, Metaverse Monitoring in Annual Work Plan
By Sanday Chongo Kabange | 20/02/2022
The FSS said it will strengthen its supervision of “new trading assets such as NFTs” and “prepare countermeasures” if necessary to protect consumers against damage.
Anti-Money Laundering
US DOJ Appoints First Director of National Crypto Enforcement Team
By Editors | 20/02/2022
The FBI has meanwhile created a new “Virtual Asset Exploitation Unit”, which will provide analysis, support, training and new tools to stay ahead of future crypto-related threats.
Fraud, Scams & Cybercrime
UK HMRC Seizes Three NFTs in Fraud Investigation
By Editors | 20/02/2022
Three people were arrested on suspicion of attempting to defraud HMRC using 250 fake companies. This is the first time a UK agency has seized NFTs.
Cryptocurrency
NYSE Seeks Trademark Licences for Digital Marketplace
By Sanday Chongo Kabange | 18/02/2022
A filing with the US Patent and Trademark Office suggests the NYSE may be planning to launch an NFT marketplace as well as its own cryptocurrency.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.