Monetary Authority of Singapore Issues Consultation Paper on Regulatory Approach for Digital Token Service Providers

by Theresa Joy Lacatan | Oct 9, 2024 | Blog News, Crypto News

On 4 October 2024, the Monetary Authority of Singapore (MAS) publishes a Consultation Paper on Proposed Regulatory Approach, Regulations and Notices for Digital Token Service Providers issued under the Financial Services and Markets Act 2022 outlining the proposed...

HKVAX Secures Regulatory Licenses, Strengthening Its Position as a Leading Virtual Asset Platform in Hong Kong

by Theresa Joy Lacatan | Oct 9, 2024 | Blog News, Crypto News

On 2 October 2024, Hong Kong Virtual Asset Exchange (HKVAX) officially announced that it had obtained Type 1 (dealing in securities) and Type 7 (providing automated trading services) licenses from the Hong Kong’s Securities and Futures Commission (HK SFC), along with...

US CFTC Hosts Events During World Investor Week to Highlight Fraud Protection and Relationship Scams

by Theresa Joy Lacatan | Oct 9, 2024 | Blog News, Crypto News

On 4 October 2024, the United States’ Commodity Futures Trading Commission (CFTC), through its Office of Customer Education and Outreach (OCEO), announced two upcoming events in observance of World Investor Week. These events are scheduled for 8 October 2024 and 9...

Singapore Enforces New Anti-Money Laundering Rules: Tightens Crypto Regulations to Combat Money Laundering

by Theresa Joy Lacatan | Oct 7, 2024 | Blog News, Crypto News

On 4 October 2024, the Singapore’s Inter-Ministerial Committee (IMC) issued its report, presenting the findings and recommendations following a comprehensive review of Singapore’s Anti-Money Laundering framework. The report discusses in detail the areas of the AML...

UAE Introduces New VAT Regulations Affecting Virtual Assets: What Businesses Need to Know

by Theresa Joy Lacatan | Oct 7, 2024 | Blog News, Crypto News

On 6 September 2024, the UAE Cabinet issued Cabinet Decision No. 100 of 2024, significantly amending the Federal Decree-Law No. 8 of 2017 on Value Added Tax. This announcement introduced amendments specifically addressing the VAT treatment of virtual assets and other...

Dubai AI & Web3 Festival conducted by DIFC Attracts Participations for Over 100 Countries

by Theresa Joy Lacatan | Oct 4, 2024 | AI News, Blog News

On 12 September 2024, under the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Higher Committee for Future Technology and Digital Economy, the Dubai AI & Web3 Festival successfully concluded,...