Some NFTs have 'crossed the boundary' between a collectible and a financial asset, which would bring them under the SFC's remit and require licensing.
June 7, 2022The former product manager traded on confidential information about which NFTs were going to be featured by OpenSea's website.
June 2, 2022A company called Quwiex Limited disappeared with investor funds after saying its website was deactivated for an upgrade.
May 26, 2022The new company will be a joint venture between Japanese crypto exchange Bitbank and hold digital assets for institutional investors.
May 25, 2022The new subsidiary will combine digital asset services under a single entity that will have about 100 staff by end-2024.
May 18, 2022More banks will be able to offer services to crypto investors. The Bank of Korea Act will be revised to allow CBDC introduction.
May 18, 2022Crypto industry participants as well as ISDA are calling for the FASB to allow digital assets to be recorded on financial statements at fair value.
May 17, 2022The new government will establish a regulatory framework for ICOs and introduce rules to guard investors against hacks, system errors and unauthorised transactions.
May 11, 2022Tax enforcement agencies provide a list of account and transaction attributes from NFT marketplaces that may indicate fraud or other illicit activity.
May 6, 2022The additional resources will be used to prioritise investigations related to crypto asset offerings, exchanges, lending and staking products, as well as DeFi platforms, NFTs and stablecoins.
May 5, 2022