Virtual Asset – DIGIT INFO

Hong Kong’s Crypto Framework Near Completion — 11 Platforms Awaiting Approval

DIGIT — Tue, 08 Oct 2024 03:30:03 +0000

Hong Kong’s Securities and Futures Commission (SFC) has confirmed that the full regulatory framework for digital assets is set to be completed by next year, according to CEO Liang Fengyi. She also noted that 11 more crypto platforms are in the process of applying for licenses, with the first round of assessments already finished. SFC […]

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Taiwan’s Regulator Allows Professional Investors to Access Digital Asset ETFs

DIGIT — Thu, 03 Oct 2024 02:46:31 +0000

Taiwan’s Financial Supervisory Commission (FSC) has allowed professional investors to venture into foreign virtual asset exchange-traded funds (ETFs) via sub-brokerage. By allowing more diverse investment channels, the FSC aims to boost local brokerage operations while carefully managing the high risks of virtual assets. Stringent measures, including investor suitability checks and mandatory risk disclosures, ensure that […]

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South Korean Universities Face Banking Hurdles in Converting Crypto Donations to Cash

DIGIT — Thu, 30 May 2024 11:20:06 +0000

South Korea’s regulations prohibiting corporations from opening virtual asset exchange accounts are making it impossible for local universities to liquidate their large cryptocurrency donations. Financial authorities cite money laundering concerns as the reason for maintaining the ban. Education Ministry and Financial Intelligence Unit Favor Maintaining Ban South Korean universities are reportedly unable to convert cryptocurrency […]

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UAE Now Requires Agents to Report Real Estate Transactions Where Virtual Currency Is Used as Payment

DIGIT — Fri, 12 Aug 2022 16:00:57 +0000

The United Arab Emirates (UAE) has said it now requires real estate agents, brokers, and law firms to report to the Financial Intelligence Unit real estate transactions in which virtual currency is used as payment. Similarly, real estate purchases or sales where “the funds used in the transaction are derived from a virtual asset” must […]

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Tax Friendly Saint Kitts and Nevis Approves Progressive Crypto Bill, Lenient Capital Gains Exemption

DIGIT — Fri, 07 Feb 2020 04:35:48 +0000

The island country of Saint Kitts and Nevis, located in the West Indies, recently passed a bill that legalizes digital currency assets like bitcoin cash. The act is cited as the Virtual Asset Bill 2020 and it aims to provide the regulation of cryptocurrencies for Saint Kitts and Nevis businesses and residents. Also Read: IOTA, […]

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