News with the tag "virtual assets"

The winds of change are blowing strong in South Korea’s financial sector, and cryptocurrency is right in the eye of the storm. South Korean Financial Services Commission (FSC) Chairman, Kim Byoung-hwan, has stepped into the spotlight, making a compelling case for the accelerated development of a rob...

Hong Kong is stepping up its game in the digital asset arena! The city, already a global financial hub, is now setting its sights on becoming a leader in the burgeoning world of virtual assets. During a recent press conference, Financial Secretary Paul Chan Mo-po dropped some exciting news: Hong Kon...

In a groundbreaking move signaling the growing importance of digital assets, South Korean financial giant Shinhan Bank has officially launched a dedicated task force focused entirely on the cryptocurrency sector. This isn’t just dipping a toe in the water; it’s a full-fledged dive, indicating a seri...

In a significant move that underscores Hong Kong’s commitment to becoming a premier hub for digital assets, Bullish, a prominent cryptocurrency exchange, has officially secured a virtual asset trading platform (VATP) license from the Hong Kong Securities and Futures Commission (SFC). This landmark a...

Kenya is preparing legislation to regulate cryptocurrencies with a draft proposal open for public feedback until Jan. 24.

The Botswana Financial Stability Council’s October 2024 report said the virtual assets market and cyber risks from fintech currently pose minimal threats to financial stability. Tech Advances Fuel Financial Stability Risks Authorities in Botswana consider both the virtual assets market and cyber ris...

Botswana’s central bank acknowledges minimal crypto risks but highlights money laundering and regulatory concerns as key priorities.

The United Arab Emirates’ Interior Ministry has signed a memorandum of understanding with the Financial Services Regulatory Authority to combat virtual assets-related crime. Strengthening Risk Mitigation Frameworks The United Arab Emirates (UAE)’s Interior Ministry has signed a memorandum of underst...

Bitoasis, a leading virtual asset platform in the Middle East and North Africa (MENA) region, has received a full virtual asset service providers (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). Securing the full VASP License marks the final step in VARA’s licensing process. T...

South Korea’s financial regulator says it is taking steps to combat money laundering and other financial crimes involving virtual assets. Virtual Assets and Financial Crime The head of South Korea‘s financial services industry regulator recently vowed to crack down on those who use virtual assets fo...