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Hong Kong Monetary Authority Launches Stablecoin Issuer Sandbox
14.3.2024
On March 12, the Hong Kong Monetary Authority (HKMA) launched what is known as the stablecoin issuer sandbox arrangement. The HKMA stated that applicants interested in establishing a stablecoin business in Hong Kong should have a sound business plan. The regulator also clarified that admission into...
Crypto Exchange OKX Granted In-Principle Approval to Offer Services in Singapore
13.3.2024
Crypto exchange OKX said Wednesday that it received in-principle approval for a digital asset license from Singapore's central bank. This marks a significant step towards achieving full regulatory compliance in the country.
The post Crypto Exchange OKX Granted In-Principle Approval to Offer...
Hong Kong’s Central Bank Announces New Wholesale CBDC to Support Tokenization Market
7.3.2024
Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money," HKMA said
European Crypto Exchange Bitstamp Receives In-Principle Approval in Singapore
6.3.2024
Bitstamp describes itself as the "first crypto exchange with major European Union (EU) presence to secure in-principle approval in Singapore."
Hong Kong's Central Bank Issues Guidance for Firms Offering Crypto Custodial Services
20.2.2024
Hong Kong's central bank issued guidance for authorized institutions interested in providing custody services for digital assets
Singapore’s MAS Denies Listing Bitcoin Spot ETF, Retail Investors Can Still Access US ETFs
18.1.2024
The Monetary Authority of Singapore (MAS) has made it clear that spot Bitcoin (BTC) ETFs will not be allowed to be listed in Singapore for retail investors. The decision stems from the fact that cryptocurrencies, including Bitcoin, are not considered eligible assets for ETFs according...
BitGo Gains In-Principle Approval from Authority to Operate in Singapore
10.1.2024
Source: Pixabay / sasint BitGo has recently been granted in-principle approval from Singapore’s Monetary Authority of Singapore (MAS) for a Major Payment Institution license. According to a social media post published by the established American digital asset custody firm, BitGo is one step...
Singapore’s MAS Adds Crypto Wallet imToken to its Investor Alert List
9.1.2024
Source: iStock The Monetary Authority of Singapore (MAS) has recently added the non-custodial crypto wallet imToken to its Investor Alert List. The list provides a record of unregulated persons who “may have been wrongly perceived as being licensed or regulated by MAS.” The inclusion of imToken...
Crypto Exchange Upbit Gets Full Licensing in Singapore
8.1.2024
Upbit said it is "poised to expand [its] range of offerings," having acquired a MPI license
Upbit Secures Major Payment Institution License from Monetary Authority of Singapore
8.1.2024
Source: Upbit South Korea’s leading crypto exchange Upbit’s subsidiary Upbit Singapore announced that it has received a Major Payment Institution License from the Monetary Authority of Singapore. This accomplishment follows the previously announced in-principle approval (IPA) in October 2023, under...
Hong Kong Regulators Unveil Public Consultation Paper on Stablecoin Regulation
28.12.2023
Hong Kong Monetary Authority (HKMA) and Financial Services and the Treasury Bureau have released a public consultation paper to gather residents’ opinions on the proposed regulatory regime for stablecoin issuers. The HKMA also announced the introduction of a sandbox arrangement whose purpose will...
Lawmaker Raises Red Flags Over Hong Kong’s Stablecoin Regulation Proposal
27.12.2023
A Hong Kong lawmaker expressed worries that new stablecoin regulations could disrupt crypto markets. Image by mehaniq41, Adobe Stock. Today, Hong Kong’s financial authorities—the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA)—unveiled their plan...
Hong Kong Government Seeks Public Input on Legislation for Stablecoin Supervision
27.12.2023
Source: Pexels The Financial Services and the Treasury Bureau (FSTB), and the Hong Kong Monetary Authority (HKMA) have jointly introduced a public consultation paper outlining a legislative proposal to regulate issuers of stablecoins. This move is prompted by the increasing prominence...
Hong Kong Financial Regulator Prepared to Accept Applications for Spot Crypto ETFs
22.12.2023
Source: Adobe/leungchopan Hong Kong’s Securities and Futures Commission (SFC) has expressed its readiness to consider applications for spot crypto exchange-traded funds (ETFs). The SFC and the Hong Kong Monetary Authority (HKMA) have issued a joint circular addressing the increasing interest...
Spot Crypto ETF Applications Will Be Considered, Hong Kong Regulators Say
22.12.2023
The statement from the SFC and HKMA comes as expectations mount the U.S. SEC is on the verge of approving a spot bitcoin ETF
Hashkey Capital Singapore Secures Full Capital Markets Services License From Singapore
20.12.2023
Reflecting Singapore’s progressive stance on digital assets, the Monetary Authority of Singapore (MAS) has awarded Hashkey Capital Singapore a full Capital Markets Services license, enabling the firm to enhance its fund management services and contribute significantly to the burgeoning...
Crypto Asset Manager HashKey Capital Secures CMS License from Monetary Authority of Singapore
19.12.2023
Image Source: HashKey Group HashKey Capital’s Singapore subsidiary has obtained a central bank license from the Monetary Authority of Singapore. On December 19, HashKey Capital Singapore announced that it had been granted a full Capital Markets Services (CMS) license by the Monetary Authority...
Singapore, China to Begin Piloting Digital Currency in Tourism Spending Push
7.12.2023
Source: AdobeStock / Proxima Studio Singapore’s regulatory body the Monetary Authority of Singapore (MAS) plans to begin piloting the digital currency “E-CNY” – also known as the digital yuan, in collaboration with China to encourage tourism spending. The two countries first signed a Memorandum...
Hong Kong Monetary Authority Set to Launch Second Tokenized Green Bond in Coming Months
6.12.2023
Source: iStock/Onfokus The Hong Kong Monetary Authority (HKMA) is gearing up to introduce its second tokenized green bond, expected to be unveiled within the next few months. The government authority aims to leverage blockchain technology for increased efficiency and transparency in the redemption...
Digital Asset Exchange DigiFT Secures CMS and RMO License from Singapore Monetary Authority
5.12.2023
Image Source: iStock/MasterLu DigiFT, a decentralized exchange for digital assets, has obtained a capital markets services (CMS) license from the Monetary Authority of Singapore (MAS). The license allows DigiFT to engage in capital markets activities, including dealing in securities and units...