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In 2023, tokenized US treasuries have surged nearly 500%, offering secure exposure to US government-backed assets. This trend stems from increased global interest rates and lower DeFi yields. Tokenization brings accessibility and diversification. US treasuries encompass various types, from short-term bills to long-term bonds. Market players like Franklin Templeton and WisdomTree are leading the way… Continue reading Value of Tokenized US Treasuries Surges up to $650M
Washington D.C., Aug. 28, 2023 —The Securities and Exchange Commission today charged Impact Theory, LLC, a media and entertainment company headquartered in Los Angeles, with conducting an unregistered offering of crypto asset securities in the form of purported non-fungible tokens (NFTs). Impact Theory raised approximately $30 million from hundreds of investors, including investors across the… Continue reading SEC Says NFTs Sold by an LA-based Entertainment Firm Are Securities
France’s financial market regulator said it’s adjusting the rules for crypto companies in line with Europe’s new regulatory framework. The changes, which will enter into force next year, seek to enhance registration requirements for businesses offering certain services for digital assets like custody and trading. AMF Revamps Crypto Regulations to Enforce Stricter Registration Rules for… Continue reading French Regulator Revises Crypto Rules to Align With EU’s MiCA Law
The primary thrust of the government’s stance is to establish a collaborative supervisory arrangement for these stablecoins, involving both the Bank of England (BoE) and the Financial Conduct Authority (FCA). A unique aspect of this approach grants the BoE the authority to forestall the FCA from undertaking actions related to a stablecoin provider. The British… Continue reading Bank of England takes charge of Stablecoins Regulations
Stablecoins that meet all the criteria set by Singapore’s central bank will be labeled as MAS-regulated stablecoins. Following last year’s stablecoin implosion, international leaders have emphasized the importance of setting up global regulations and norms for this sector. Despite such calls, only a few have taken concrete steps to enact these measures. In contrast, Singapore’s… Continue reading Singapore’s Central Bank Unveils Stablecoin Regulation as Global Trailblazer
Cooperated with Amazon Web Service of the event – Hong Kong Policy on Web3 We are honored and most delighted that our CEO, Samson (Sam) Lee, is invited to participate the below panel at the event – Hong Kong Policy on Web3: Impact and Opportunities, along with many industry leaders as panelists. Event Details Topic:… Continue reading Cooperated with Amazon Web Service of the event – Hong Kong Policy on Web3. Our CEO, Samson Lee, is invited to participate along with many industry leaders as panelists
CPA Congress at Convention Hall, Hong Kong Convention & Exhibition Centre The HKICPA will be holding the CPA Congress on 15 July to celebrate its golden jubilee. With the theme “Creating a Pathway to Advancement: Empowering Enterprises for the Future”, the CPA Congress will bring world class speakers together and is all set to ignite… Continue reading CPA Congress on 15 July to celebrate its golden jubilee. With the theme “Creating a Pathway to Advancement: Empowering Enterprises for the Future”
RTHK (Radio Television Hong Kong) interview on 26/07/2023: Carolyn Wright speaks with Samson Lee, Founder of Coinstreet Partners on what NFT technology can be used for beyond digital art (3rd clip) Listen Now: Radio Television Hong Kong
Deutsche Bundesbank has expressed doubt over the suitability of using blockchain technology in financial markets amid rising industry use cases. In its monthly financial report, Germany’s central bank noted that reliance on tokenized deposits and stablecoins could trigger uncertainty among market players. Deutsche Bundesbank notes that existing legislation does not provide whether or not tokenized… Continue reading Germany’s central bank explores legality of deposit tokens, pokes holes in blockchain
The actions towards crypto regulations across the countries has picked up pace in the last several years, following several large-scale instances. Regulatory and financial institutions of many countries have started pondering over the regulation of burgeoning asset classes or to put an outright ban. East Asian country, South Korea, is pushing towards regulating cryptocurrencies seeking… Continue reading South Korea Approves Crypto Investor Protection Legislation
