Key Points:Hong Kong accelerates stablecoin licensing to capitalize on digital asset growth.Paul Chan Mo-po expects increased stablecoin demand, boosting the local economy.HKSAR’s stablecoin regulation opens doors for both local and…
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In brief
CASPs must register as local entities with a minimum ₱100M ($1.8M) paid-up capital and maintain physical offices.
New rules require asset disclosures, segregated funds, local data storage, and ongoing reporting…
Key Points:Singapore MAS sets new licensing standards for DTSPs serving overseas clients.Authorities will generally not issue licenses after June 2025.Existing overseas-focused DTSPs must cease operations or face penalties.
Singapore’s Monetary Authority…
The Monetary Authority of Singapore (MAS) has announced that it has introduced some new rules for companies in Singapore that offer digital token services, like cryptocurrencies. The rules apply to…
In brief
The New York Times has signed a multi-year deal with Amazon, licensing its news, cooking, and sports content for use in Alexa and Amazon’s AI training models.
The agreement marks…
Hong Kong passed a stablecoin bill that will enable the region to establish a licensing regime for fiat-backed stablecoin issuers."Hong Kong’s stablecoins are backed by fiat currency as underlying assets,…
Hong Kong’s Legislative Council passed the Stablecoin Bill, paving the way for a regulated framework that could position the region as a global leader in digital assets and Web3 development.…