Regulatory Updates
Singapore Publishes a White Paper on Standards for Digital Money
The Monetary Authority of Singapore (MAS) has issued a white paper proposing a common protocol with conditions for the use of digital money...
Bank of China Issues First Tokenised Notes in Hong Kong
Bank of China became the first Chinese financial institution to issue a tokenised security in Hong Kong. BOCI - Bank of China's offshore invest bank...
EU Signs Markets in Crypto-Assets Framework Into Law
The European Union (EU) has signed the Markets in Crypto-Assets (MiCA) bill into law following final approval from finance ministers. The framework...
Hong Kong Starts its E-HKD Pilot Programme
The Hong Kong Monetary Authority (HKMA) announced the commencement of the first round of its e-HKD Pilot Programme in which 16 firms from the...
Bis Publishes a Paper on Offline CBDC Payments
The Bank for International Settlements (BIS) has published a comprehensive handbook exploring how CBDCs could work for offline payments. Titled...
Nigeria to License Exchanges Listing Asset-Backed Tokens But Not Crypto
As reported by Bloomberg, the Nigerian Regulator, the Securities and Exchange Commission (SEC), plans to allow licensed digital exchanges to list...
UAE Opens Licensing Applications for VASPS
The Securities and Commodities Authority (SCA), a regulatory agency of the United Arab Emirates (UAE), will start receiving licensing applications...
Argentina Approves Bitcoin Futures Index
The National Commission of Value, Argentina’s securities regulator, has approved a Bitcoin-based futures index set to debut on the Matba Rofex...
US Tax Authority Calls For Public Feedback on Taxing NFTS
The United States Internal Revenue Service (the IRS) plans to release guidance on treating nonfungible tokens (NFTs) as collectibles under the US...
Thai SEC Consults on Crypto Lending and Staking BAN
Thailand’s Securities and Exchange Commission (SEC) is seeking public comments on draft regulation prohibiting operators of digital asset businesses...
France Plans to Introduce Stringent Crypto Licensing Regulation
A bill providing for stricter licensing rules for new cryptocurrency firms has been passed by the French National Assembly and Senate and now needs...
UAE Plans to Issue CBDC as Part of its Financial Transformation Programme
The Central Bank of the United Arab Emirates (CBUAE) is planning to launch a central bank digital currency (CBDC) for cross-border and domestic use...