virtual asset trading
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.
Hong Kong Brokers Seek SFC Clearance Before Virtual Asset Trading Law
Regional brokers and investment managers have sought licensing guidance ahead of new regulations. Retail investors may trade digital assets with high market capitalization and liquidity. Digital asset trading is confined to experienced investors and traders with at least $1 million in bankable assets.
HK SFC Details JPEX Probe; CEO Affirms Hong Kong's Web3 Commitment
Hong Kong's SFC has provided a detailed timeline of its investigation into the fraudulent activities of the unlicensed virtual asset trading platform JPEX. Despite the ongoing case, SFC CEO Leung Fung-yee reaffirms that Hong Kong's commitment to developing a Web3 ecosystem will not waver.
Greenland Financial Holdings to Apply for Virtual Asset Trading License in Hong Kong
Greenland Financial Holdings, a subsidiary of Greenland Group, is planning to apply for a virtual asset trading license in Hong Kong, according to Shanghai Securities News.
Hong Kong's SFC Warns of Improper Practices by Unlicensed Virtual Asset Trading Platforms
The Hong Kong Securities and Futures Commission (SFC) has warned against unlicensed virtual asset trading platforms (VATPs) engaging in improper practices, including false licensing claims and non-compliance with regulations.
Crypto.com Denies Allegations of Misleading Trading Practices, Faces Regulatory Scrutiny Over Proprietary Trading Concerns
According to insider sources cited by The Financial Times, Crypto.com, the Singapore-based cryptocurrency exchange platform, allegedly operates an in-house trading and market-making team whose primary objective is to generate profits rather than facilitate trading.
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.
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.
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.
Japanese Crypto Trading Activity Fell as COVID-19 Pandemic Hit in March
The Japan Virtual and Crypto assets Exchange Association has reported that during the COVID-19 pandemic there has been a decline in active crypto-trading in Japan.
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).
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.
Binance.US Digital Asset Trading Marketplace is Now Available in North Carolina
Binance.US has now expanded its digital asset trading services to include North Carolina investors.
Malaysia’s Securities Commission Legalizes Digital Asset and Crypto Trading
Malaysia’s Securities Commission, which is responsible for overseeing compliance with Islamic laws in finance, has allowed trading of digital assets.
How To Start Trading Cryptocurrency?
The cryptocurrency market is full of pitfalls. It's possible to lose money by storing Bitcoin, buying and selling it, and making transactions on and off the exchange. How to get acquainted with this new type of assets, how to avoid losses and develop your trading skills?
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).