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News on regulatory considerations, market adoption, technical infrastructure and use cases for tokenising traditional assets like real estate, securities, and commodities on blockchain platforms.
Tokenisation
China: Industry Bodies Warn of NFT-related Financial Risks
By Editors | 17/04/2022
China’s internet finance, banking and securities associations have outlined six measures to curb “NFT financialisation and securitisation” and prevent NFT-related illegal activity.
Market Data & Technology
JPX to Provide Free Market Data to Retail Investors
By Sanday Chongo Kabange | 09/04/2022
JPX plans to launch a beta version of an API for retail investors under its ‘J-Quants’ project, and is inviting early adopters to apply for early access.
Cryptocurrency
India Passes Legislation to Implement 30pc Crypto Tax
By Editors | 01/04/2022
Traders will not be able to offset losses against profits. A 1 percent tax will also be deducted at source for trading over INR 50,000 in a year.
Sustainable Finance
ADGM to Launch Regulated Carbon Exchange and Clearinghouse
By Darien Choong | 31/03/2022
ADGM will launch a carbon trading exchange and clearinghouse, offering trading in tokenised carbon credits, carbon credit futures and green energy contracts.
Tokenisation
Alibaba, Tencent Tighten Platform Rules Governing NFTs – Report
By Darien Choong | 29/03/2022
NFTs in China are sold in yuan rather than crypto, do not use public decentralised blockchains, and cannot be resold after purchase.
Tokenisation
Malaysia SC Registers Two IEO Platform Operators
By Editors | 24/03/2022
The Initial Exchange Offering platform operators are given nine months to comply with regulatory requirements before they can commence operations.
Cryptocurrency
Ripple Calls on Korea to Further Develop Digital Assets Framework
By Editors | 19/03/2022
New policy paper calls for the implementation of a “risk-sensitive” digital asset regulatory framework to provide certainty and encourage innovation in the sector.
Cryptocurrency
S. Korea Elects Pro-Crypto President, Yoon Suk-yeol
By Mark Johnston | 16/03/2022
President-elect Yoon Suk-yeol has promised to overhaul Korea’s regulatory framework for cryptocurrency, and to relax crypto taxation policies.
Custody & Infrastructure
Paxos, Sygnum to Offer Digital Asset Services in Singapore
By Editors | 11/03/2022
Paxos will gain a DPT licence under the Payment Services Act. Sygnum will provide fund unit tokenisation and securitise NFTs and metaverse assets.
Tokenisation
US SEC Probes Whether NFTs Are Being Used Like Securities
By Editors | 05/03/2022
The SEC has reportedly sent subpoenas demanding information about NFT offerings that could be raising funds like traditional securities.
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