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According to the official website of the United Arab Emirates Securities and Commodities Authority (SCA), the SCA has released the draft regulation of securities and commodity tokens and invited the public to provide feedback by February 14, 2025. According to the draft, security tokens include equity tokens, bond tokens, Islamic bond tokens, and commodity tokens include gold tokens, oil tokens, etc. These tokens are all built on the blockchain/DLT platform and can be traded on the virtual asset...
The European Securities and Markets Authority (ESMA) said in a statement that the regulator has asked the 27 member states of the European Union to ensure that crypto asset service providers (CASPs) comply with its stablecoin rules "no later than the end of Quarter 1, 2025." ESMA said: "In practice, this means that CASP, which operates a crypto asset trading platform, is expected to stop trading all crypto assets that meet the conditions of ART and EMT but the issuer is not authorized in the Eur...
According to Veronika Rinecker, the European Securities and Markets Authority (ESMA) has ordered crypto asset service providers (CASPs) to remove stablecoins that are not compliant with the Crypto Asset Markets Regulation (MiCA). Although ESMA did not specify which non-compliant issuers or stablecoins should be restricted, the move follows the European Union Commission's July 2024 guidance aimed at clarifying how the MiCA applies to crypto asset services involving non-compliant stablecoins. Befo...
The Stuttgart Digital Exchange says Germany's Federal Financial Supervisory Authority has granted it a Crypto Asset Service Provider (CASP) license under the MiCA regulation, which comes into effect at the end of 2024. It is the first German company to be granted a license that allows it to operate throughout the European Union.
On January 14, the HKMA (HKMA) recently allowed digital banks to open physical branches, a move that Hong Kong's largest digital bank, ZA Bank, is considering to improve customer experience and transaction processes. The establishment of physical branches will enhance the competitiveness and customer trust of digital banks, promote financial inclusion, and accelerate the development of the industry. At the same time, the HKMA has also launched the "Distributed Ledger Technology Regulatory Incuba...
Six mutual funds tracking the price of bitcoin will debut in Israel next week after receiving approval from the Israel Securities Authority (ISA). The six companies, which will begin operations on the same day on December 31, will be provided by Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav and IBI respectively, with management fees ranging from 1.5% to 0.25%. One of the funds will use active management in an attempt to outperform bitcoin.
According to the Union Times, the Monetary Authority of Singapore issued a total of 13 Major Payment Institution Licenses in 2024. Those who have obtained the license of the main payment institution of the Monetary Authority include cryptocurrency exchange OKX, South Korea's largest cryptocurrency exchange Upbit, cryptocurrency bank Anchorage, digital currency wallet and trading service platform BitGo, cryptocurrency market maker GSR, etc.
The Italian Data Protection Authority (Garante) announced on December 20 that it has fined ChatGPT manufacturer OpenAI 15 million euros (about $15.58 million) after concluding its investigation into the use of personal data by generative artificial intelligence applications. Garante said it found that OpenAI processed users' personal data in order to train ChatGPT without sufficient legal basis, in violation of the principle of transparency and related information obligations to users.
The Prudential Regulation Authority (PRA), the regulator of the Bank of England, has given companies until March next year to disclose current or future cryptocurrency risk exposures so that it can monitor stability and help shape policy. "This will inform the work of the PRA and the Bank of England on crypto assets by helping us adjust our prudential treatment of crypto asset risk exposures, [and] analysing the relative costs and benefits of different policy options," the PRA said.
On December 6th, the State Intellectual Property Office released the "Guidelines for Patent Application of Artificial Intelligence-related Inventions (Exposure Draft) " and solicited public comments. The guidelines aim to help patent applicants better understand the patent examination policy in the field of artificial intelligence, improve the quality of applications, and respond to hot legal issues that innovation entities are concerned about. The deadline for soliciting comments is December 13...
Hong Kong's central bank, the HKMA, has launched a scheme to subsidize part of the cost of issuing tokenized bonds, aiming to encourage greater adoption of tokenization in its capital markets. According to the Nov. 28 announcement and accompanying guidance, HKMA's Digital Bond Funding Scheme (DBGS) will provide a subsidy of up to 50% of "qualifying expenses" for each eligible digital bond issue, subject to a maximum amount. Hong Kong Financial Management...
According to official news, the HKMA announced the launch of the "Digital Bond Funding Scheme", which originated from the 2024 Policy Address and aims to promote the development of the digital securities market and encourage the wider use of tokenization technology in the capital markets. The scheme is now open for applications for a period of three years. Eligible digital bond issuance in Hong Kong can be funded up to HK $2.50 million.
On November 28th, the "2024 China Financial Institution Group Annual Summit" hosted by the Securities Times was grandly held in Shenzhen. Shi Weigan, director of the Shenzhen Local Monetary Authority, said in his speech that the financial industry must have a big pattern, a big responsibility, and a big weather. In the future, China's financial industry needs to serve the growth of the real economy and the development of hard technology and new productivity with greater efforts. It is expected t...
The Dubai Financial Services Authority (DFSA) has announced that ZetaChain (ZETA) has been accredited by the Dubai Financial Services Authority in accordance with the relevant requirements of GEN Rule 3A.3.4 in its rulebook. As a general-purpose blockchain, ZetaChain has native access to blockchains including bitcoin, and the approval of the Dubai Financial Services Authority brings greater trust and global access to ZetaChain.
The European Banking Authority (EBA), the European regulator tasked with addressing weaknesses in the European banking sector, has published two sets of guidance that include specific guidance for payment service providers (PSPs) and crypto asset service providers (CASPs). On November 14, the EBA published guidelines specifying what PSPs and CASPs must do when transferring funds or cryptocurrencies in order to comply with European Union and national...
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