virtualasset
HKSFC Guidance on Virtual Asset Fund Managers: The 4 Key Takeaways
The Hong Kong Securities and Futures Commission (HKSFC) released the latest guideline “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets”, providing further guidance on fund dealing and virtual asset fund management.
FATF Assessment Finds Majority of US Exchanges are Compliant with Virtual Asset Guidance
The Financial Action Task Force (FATF) has published an assessment of the US’s compliance with its revised criteria for anti-money laundering (AML) and terrorist financing (CTF) through virtual assets and found that most virtual asset providers are compliant.
FATF Virtual Assets Guidelines for Cryptosphere Review
With the growing concern of virtual assets/cryptocurrencies being used as a medium for the financing of illegal activities, the Financial Action Task Force (FATF) issues revised guidance from time to time to combat money laundering and terrorist financing involving virtual assets (VAs) and virtual asset service providers (VASPs).
HashKey Group Secures Licenses from Regulator to Operate Virtual Asset Trading Platform
Hong Kong-based digital assets company HashKey Group announced it has secured regulatory approval from the Securities and Futures Commission of Hong Kong (SEC) to operate a virtual asset trading platform.
Hong Kong to Unveil Virtual Assets-Related Policy Statement on Upcoming Fintech Week
The Hong Kong Special Administrative Region's government will release the plans for the development of virtual assets in the city during FinTech Week by the end of this month.
HK Outlines Regulatory System for Virtual Asset Sector
Measures include a licensing regime for the virtual asset service providers, contemplating the regulation of payment-related stablecoins and providing traditional financial institutions with guidelines on offering virtual asset-related services to clients.
The Cayman Islands Creates Regulatory Framework to Attract Virtual Asset Business
The Ministry of Financial Services of the Cayman Islands announced that it is building regulatory frameworks for individuals and entities that offer digital assets in business.
Why Upland’s Virtual Land NFTs Are The Future Of Crypto
The asset class of non-fungible tokens (NFTs) is quickly growing and coincides with the rise of parallel worlds where people are spending more of their time and money.
CFTC Committee to Hold Virtual Meeting on Digital Currencies and Blockchain
The CFTC has scheduled a virtual meeting for Thursday, July 16th where its Technical Advisory Committee will discuss matters around on cryptocurrencies and DLT.
Why Hong Kong Will Be a Leading Digital Asset Trading Centre in Asia
Reasons why Hong Kong will a leading digital asset trading centre in Asia.
Bitcoin and Tesla Prices Plunge as FED Hints QE Scale Back to Avoid Asset Bubbles
Analyst narratives on why Tesla and Bitcoin crashed yesterday are varied, but a look at the FOMC minutes hint at scaling back QE to avoid asset bubbles may be an indication.
Qatar Issues Crypto Ban, Digital Securities Still Allowed to Roam
Qatar’s regulator has blocked all crypto asset services in the nation. The Qatar Financial Centre Authority (QFC) mentioned in a statement that all “Virtual Asset Services may not be conducted in or from the QFC at this time.”
PwC Expert's Take: What Are the 3 Grey Areas to Crypto Taxation in Hong Kong?
The Inland Revenue Department (IRD) of Hong Kong took a step further to provide clarity in taxing digital assets. In the recent press release titled “LCQ20: Regulation of virtual asset investment activities”, James Lau, the Secretary for Financial Services and the Treasury answered the queries raised by the Hon Wu Chi-wai on taxation of virtual assets, tax evasion of virtual asset-related business and latest effort to regulate virtual assets by the Hong Kong Securities and Futures Commission (SFC).
Cardano’s Shelley Mainnet Code Launch at Virtual Summit Could be a Catalyst for ADA Price Rally
Prior to the bearish slump, Cardano’s ADA cryptocurrency has risen around 50% since late May 2020, in light of the news of its Shelley upgrade. The Shelley mainnet is a decentralized network of community nodes operating on a proof-of-stake consensus protocol, with less central governance coming from the developers.
Amazon Launches Virtual Clinic Called Amazon Care
Amazon, the world’s largest internet company by revenue, quietly launched a virtual health clinic for Seattle-area employees, CNBC reports.