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Hong Kong targets DeFi, metaverse for fintech expansion
26.6.2024
Despite challenges in the current DeFi and metaverse landscape, the reports highlight potential growth and innovation in these emerging sectors
Korean Researcher Says Benefits of Spot Crypto ETFs Are Outweighed by Potential Harm
25.6.2024
A researcher with the Korean Institute of Finance has warned South Korea against introducing spot cryptocurrency exchange-traded funds (ETFs) because these may pose risks to financial stability. The introduction of spot crypto ETFs could exacerbate the inefficient allocation of resources. Spot...
Nigerian Regulator Amends VASPs Rules; Threatens Enforcement Against Noncompliant Entities
23.6.2024
The Nigerian securities regulator said on June 21 that it had amended the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers. The Accelerated Regulatory Incubation Programme provides VASPs with insights into...
Hong Kong invites global opinions on web3 and virtual assets future
22.6.2024
The Hong Kong Legislative Council is actively seeking feedback on several critical aspects of Web3 policy development, including balancing technical, legal, and regulatory frameworks
Nigerian SEC announces new rules, compliance program for digital assets
21.6.2024
While this application process is intended to improve compliance, VASPs are directed to complete it no later than 30 days from the circular date
Singapore flags digital payment tokens as high-risk in AML landscape
20.6.2024
Singapore said DPT service providers, also known as virtual assets service providers, stand out as a high-risk category within the financial sector
Zimbabwean Regulators Develop Framework for Virtual Assets Trading
18.6.2024
The Securities and Exchange Commission of Zimbabwe (SECZ) and the Reserve Bank of Zimbabwe (RBZ) are reportedly developing a framework for virtual asset trading. The framework aims to provide clear legislation, client protection under the Data Protection Act, and educational support. Challenges...
Korean Exchanges Set to Reevaluate Over 600 Listed Virtual Assets
18.6.2024
South Korean cryptocurrency exchanges are set to reevaluate more than 600 digital assets, and those failing this process will ultimately be delisted. Once the process is completed, crypto exchanges will be required to conduct maintenance reviews quarterly. The reputation of the issuers and user...
McDonald’s metaverse in Singapore, South Korea classifies NFTs as virtual assets: Nifty Newsletter
12.6.2024
NFT sales surge volumes across various platforms and blockchains, with Bitcoin-based digital collectibles leading the charge
Crypto Exchange Crypto.com Secures Spot on Ireland's Virtual Assets Service Provider Register
11.6.2024
The company has also received approval in Dubai, U.K., the Netherlands and Spain
South Korean Regulator Excludes Certain NFTs From Crypto Regulations
11.6.2024
South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act, effective July...
South Korea labels mass-produced NFTs as virtual assets
10.6.2024
NFTs considered as virtual assets are eligible to receive interest when deposited to exchanges according to the FSC’s guidelines published in 2023
Argentina Officially Launches Virtual Assets Service Providers Registry
5.6.2024
The Argentine securities watchdog (CNV) announced the official launch of Argentina’s Virtual Assets Service Provider (VASP) Registry, allowing almost 100 companies and individuals to apply to be authorized to offer digital assets linked services in the country. The registry will remain open...
US Treasury strategy would tighten virtual asset regs, increase use of AI
17.5.2024
Better regulations, greater enforcement and AI are going to be the focus of the Treasury’s fight against illicit finance
Interpol Nigeria boosts cybersecurity with virtual asset training
11.5.2024
The training will enable officers to effectively address cybercrimes involving virtual assets, particularly stablecoins
Hong Kong Cracks Down on Fake Crypto Exchange Allegedly Linked to Elon Musk
8.5.2024
The Hong Kong Securities and Futures Commission (SFC) has warned the public regarding Quantum AI, an entity allegedly engaged in fraudulent activities related to virtual assets and deceiving the public by impersonating Elon Musk.
The post Hong Kong Cracks Down on Fake Crypto Exchange Allegedly...
New South Korean leadership will press for BTC ETF trading
7.5.2024
The Democratic Party of Korea promised to allow Bitcoin exchange-traded funds and it expects to follow through, one way or another
Nigerian fintechs crack down on crypto, users face account blocks
3.5.2024
The CBN's attitude to crypto has been inconsistent in recent years and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening
Reserve Bank of Fiji Says Crypto Not Recognised as Legal Tender
16.4.2024
The central bank of the Pacific island country of Fiji has released a note to the public cautioning that investment in cryptocurrencies and virtual assets such as Bitcoin, Ethereum, Tether are not recognised as legal tender in the country.
The post Reserve Bank of Fiji Says Crypto Not Recognised...
Crypto.com Wins Full License in Dubai, Expands Reach to Institutions
9.4.2024
Crypto.com announced Tuesday that its Dubai-based entity achieved full operational approval from the Virtual Assets Regulatory Authority (VARA). It will commence operational services by catering to institutional investors.
The post Crypto.com Wins Full License in Dubai, Expands Reach...