Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, said that the HKMA expects to grant only a few licenses at best in the initial stage. The licensed stablecoin issuers must have real application scenarios.
JinseFinanceSingapore MAS: DTSP license will only be granted to applicants in very rare cases
JinseFinanceThe Hong Kong Monetary Authority announced the progress of the first phase of the Ensemble project (Sandbox) and detailed four major tokenization case studies.
JinseFinanceOn April 16, 2024, the Hong Kong Monetary Authority (HKMA) issued guidelines on distributed ledger technology (DLT).
JinseFinanceOn February 20, 2024, the Hong Kong Monetary Authority (HKMA) issued guidelines on digital asset custody activities, listing relevant standards, including governance and risk management, customer digital asset segregation, customer digital asset protection, delegation and outsourcing wait.
JinseFinanceCoverage, legislative approach, regulatory framework for fiat stablecoin issuers, custody and purchase services, and transitional measures.
JinseFinanceSingapore's MAS introduces measures to safeguard against crypto speculation, reinforcing regulatory vigilance and navigating the challenges of Digital Asset Trading.
Hui XinMAS Managing Director Ravi Menon disclosed plans for the central bank to collaborate with local banks, testing the practical use of CBDCs as settlement assets for domestic payments.
DavinThis approval allows Upbit Singapore to continue providing regulated Digital Payment Token (DPT) services to institutional investors while awaiting the full licence.
ClementMAS states that these actions come as a result of their violations of the Securities and Futures Act 2001 (SFA) and Securities and Futures (Licensing and Conduct of Business) Regulations (SFR).
Davin