February 9, 2024 By Sharan Kaur Phillora UBS Hong Kong has partnered with cryptocurrency exchange OSL to tokenize an investment warrant on the Ethereum blockchain, marking a significant milestone in the financial industry’s embrace of blockchain technology. Here’s what we know: Announced on February 7, this innovative venture involves the tokenization of an options call warrant, […]

February 9, 2024 By Anjali Kochhar Neutral, a tokenized trading project, has collaborated with DLT Finance, a German brokerage firm, to develop a blockchain-supported platform for carbon credits. These credits are financial instruments representing forests and renewable energy products, which businesses can utilize to counterbalance their carbon emissions. This is not the first attempt to

February 8, 2024 By Sharan Kaur Phillora Hong Kong’s Securities and Futures Commission (SFC) has set a firm deadline for cryptocurrency exchanges operating within the city: secure a license by the end of February or face closure by May 31. This directive is part of a broader initiative to integrate cryptocurrency trading within the regulatory framework,

February 7, 2024 By Sharan Kaur Phillora China Court Daily has reported that the nation’s court system now recognizes cryptocurrency as legal property. This pivotal acknowledgment, articulated in an opinion article, underscores the intrinsic economic attributes of cryptocurrency and its objective exchange value, acknowledging its widespread global acceptance and circulation. Here’s what we know: This

February 7, 2024 By Anjali Kochhar In a comprehensive notification, the Beijing Municipal Development and Reform Commission and 11 other ministries reaffirmed their commitment to a dual energy consumption and carbon emissions regulation system. The plan further emphasizes the shift towards energy saving at a “higher level and higher quality,” in alignment with the development

February 6, 2024 By Anjali Kochar While India continues to work together with G20 to create a single globally regulatory framework, the country’s Finance Minister Nirmala Sitharaman has not updated any information about crypto taxes or regulations during February 1 Interim Budget speech. The government has taken several measures to meet the demands of the Indian

February 6, 2024 By Sharan Kaur Phillora In a decisive move to regulate the virtual asset sector, Hong Kong has introduced a stringent licensing regime for Virtual Asset Service Providers (VASPs). Christopher Hui, the Secretary for Financial Services and the Treasury emphasized Hong Kong’s principle of “same activity, same risk, same regulation,” underscoring the region’s

February 5, 2024 By Anjali Kochhar Authorities in Singapore have warned residents about the growing prevalence of cryptocurrency drainers, also known as wallet drainers, which steal money from investors throughout the ecosystem. A joint alert was released by the Cyber Security Agency of Singapore (CSA) and the Singapore Police Force (SPF) to increase awareness of

February 5, 2024 By Sharan Kaur Phillora In a strategic move to expand its presence in the burgeoning cryptocurrency market of Hong Kong, Bybit, a leading cryptocurrency exchange, has officially applied for a Virtual Asset Trading Operator (VATP) license. The application, submitted on January 31st through Spark Fintech Limited, marks Bybit’s ambitious endeavor to cater

February 2, 2024 By Sharan Kaur Phillora Hong Kong’s privacy watchdog, the Office of the Privacy Commissioner for Personal Data (PCPD), has taken decisive action against Worldcoin, raiding six of its orb operators across the city. The raids come amid growing concerns over the cryptocurrency company’s practice of collecting biometric data, specifically iris scans, from