Search Results for "virtual asset"
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).
Hong Kong IFEC Warns Against Trading on Illegal and Foreign Platforms for Virtual Assets
The investor and Financial Education Council (IFEC), a public organisation under the Securities and Futures Commission (SFC), has issued a warning regarding the potential risks connected to unlicensed and foreign virtual asset trading platforms.
Hong Kong Monetary Authority Explores Virtual Asset Regulation in UAE and Highlights Converging Global Standards
According to a report by Ming Pao, the Hong Kong Monetary Authority (HKMA) recently visited the United Arab Emirates (UAE) to discuss the regulation of virtual assets (cryptos) with the local central bank.
UAE to Strive for Virtual Service Provider Licenses before Q2
In a bid to become a global crypto hub, the United Arab Emirates (UAE) is gearing up to issue federal licenses to virtual asset service providers (VASPs) by the end of Q1 2022.
Hong Kong's Crypto Rise: Harbinger for China?
Hong Kong's rising status as a crypto hub amidst regulatory amicability sparks speculations on China's evolving stance towards digital assets. The significant crypto activity in Hong Kong, combined with its thriving Over-The-Counter market, reflects a conducive environment for both institutional and retail crypto engagements. As Hong Kong continues to bolster its crypto market, it might be hinting at China's exploratory approach towards understanding and possibly embracing digital assets in the long term.
SFC Outlines Regulatory Expectations for Virtual Asset Trading Platforms Post-Transition
SFC briefs virtual asset trading platforms on regulatory expectations after the transition period ends.
Hong Kong's SFC Alerts Public on Seven Entities Suspected of Virtual Asset Fraud
The SFC has issued a public warning about seven entities involved in suspected virtual asset-related fraud, urging caution.
SFC Issues Warning on ICE Global Professional Station for Fraud and Impersonation
The SFC has issued a warning about ICE Global Professional Station, citing impersonation and suspected virtual asset-related fraud.
Matrixport Seeks License for Virtual Asset Services in Bhutan's Gelephu Mindfulness City
Matrixport is applying for a Financial Services Permission Licence to offer virtual asset services in Bhutan’s Gelephu Mindfulness City, enhancing its presence in South Asia.
FBI's Virtual Assets Unit: A Strategic Frontline Against Cryptocurrency Crime
The FBI's Virtual Assets Unit, led by Patrick Wyman, combats crypto crime by unifying expertise and innovative strategies, showcasing the agency's proactive approach to digital currency challenges.