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In an Oct. 20 post, the Securities and Futures Commission (SFC) of Hong Kong shared updated guidelines that will supersede the January 2022 joint circular on virtual-asset-related activities. This comes after the SFC and the HKMA received an increasing number of enquiries from intermediaries about the distribution of these assets. Following market
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The Securities and Futures Commission (SFC) of Hong Kong announced it will update its policies on virtual currency sales and requirements “in light of the latest market developments and enquiries from the industry”.In an Oct. 20 notice, the SFC said under the updated guidelines, certain virtual currency products will only
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Analysts say suspicious coin swap services are trying to maintain “an aura of legitimacy” by requiring clients to agree to fake AML policies. Russian coin swap services are posing “significant” sanctions and anti-money laundering (AML) risks as they do not rely on real AML policies, although they are trying to convince
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The Coinbase “Stand with Crypto” campaign has reached coffee cans as the exchange and industry stakeholders marched to Washington D.C. to convince the country’s lawmakers to provide regulatory certainty to crypto. Coinbase handing out cold brew on Cap Hill pic.twitter.com/4vXWXB7zRJ— Eli Tan (@elitanjourno) September 27, 2023 On Sept. 27, Coinbase CEO Brian
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With the metaverse booming to 400 million users, the challenge arises: how do we tax this burgeoning virtual world? Metaverse is a virtual world where millions of people spend their time nowadays. To give you an idea of its popularity, there are currently about 400 million active users worldwide. Back in 2021,
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Google plans to update some of its service policies to comply with the European Union’s Digital Services Act (DSA), according to an Aug. 24 blog post. The Big Tech giant said it had made “significant investments” in various areas to comply with the DSA’s specific requirements. It plans to expand its
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Two United States lawmakers have written to Apple CEO Tim Cook, raising concern about how the company’s guidelines may restrict crypto and NFTs. Congressman Gus Bilirakis of Florida and his Illinois counterpart Jan Schakowsky, on July 28,
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Representatives Gus Bilirakis, from Florida and of the Republican Party, and Jan Schakowsky, representing Illinois and affiliated with the Democratic Party, both serving in the United States Congress joined forces and took the initiative to address their concerns directly to Apple CEO Tim Cook. on the California-based company's App Store
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The issuer of the USDC Circle is reportedly exploring the possibility of launching a stablecoin in Japan following the implementation of new crypto regulations in the Asian nation. In an interview with CryptoX, Jeremy Allaire, the
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