Cryptocurrency Analysis and News Portal
The UK government appears to be intent on expanding digital assets throughout the nation. To this effect, it now looks forward to passing legislation to implement the Digital Securities Sandbox (DSS). Recent efforts by the United Kingdom (UK) suggest that the nation may be looking to expand its digital assets sector.
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The Hong Kong SFC updates its list of virtual asset trading platform license applicants, highlighting OKX as the first offshore applicant. The Hong Kong Securities and Futures Commission (SFC) has recently updated its list of virtual asset trading platform license applicants, marking a significant step in regulating cryptocurrency exchanges in the
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Canada’s Office of the Superintendent of Financial Institutions (OSFI) has opened a consultation period on crypto asset disclosure requirements for federally regulated financial institutions (FRFIs). The consultation was foreseen in the 2023 federal budget, but its timing is tied to a similar enquiry initiated by the Bank for International Settlements
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If the proposed effective dates are retained in the final regulations, businesses will not have much time to do this. Most of the information required to be reported (e.g., customer data, name and number of units of digital assets sold, gross proceeds, transaction ID and wallet address) would need to
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The first half of 2023 has seen a major reversal in fortune for many investment assets compared to the volatility and downturns of 2022. According to a recent investment index report by Forex Suggest, cryptocurrencies and tech stocks have staged remarkable comebacks, with some assets nearly tripling in value over
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"Congress must understand the size, scope, and duration of Hamas’s digital asset operations, as well as whether the United States has had success in seizing illicit digital assets," the letter said. "It is important to understand the scope of Hamas’s digital assets fundraising campaign in the context of its traditional
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The move by JPMorgan and Apollo comes at a time when various traditional finance institutions are increasingly expressing interest in blockchain technology. In a groundbreaking move, traditional finance titans JPMorgan Chase & Co (NYSE: JPM) and Apollo Global Management Ord Shs (NYSE: APO) has successfully collaborated with blockchain firms to demonstrate a
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The Monetary Authority of Singapore (MAS) has introduced five additional industry pilots to Project Guardian to test various use cases around asset tokenization. Project Guardian is a collaborative initiative led by Singapore’s central bank that seeks to develop new financial infrastructure using decentralized finance (DeFi) elements. The latest initiatives are aimed
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Crypto exchange OKX has partnered with custody provider Komainu and asset manager CoinShares to facilitate round-the-clock trading of segregated assets to push institutional adoption of digital assets forward.According to OKX, CoinShares will trade on the OKX exchange, while Komainu, a third-party custody provider, holds the collateral assets. This is done
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The Securities and Futures Commission (SFC) has introduced an updated anti-money laundering and counter-financing of terrorism self-assessment checklist, aimed at enhancing compliance in the evolving virtual asset sector. The Securities and Futures Commission (SFC) has recently updated its anti-money laundering and counter-financing of terrorism self-assessment checklist self-assessment checklist. This is an important
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