Virtual assets

On March 23rd, Shengli Securities (08540. HK) announced that its board of directors would like to inform its shareholders and investors that Shengli Securities Co., Ltd. (Shengli Securities, a wholly-owned subsidiary of the company) has obtained the consent of the Hong Kong Securities and Futures Commission to manage the investment portfolio of virtual assets, However, it is necessary to comply with the SFC’s “Standard Terms and Conditions for Licensed Corporations Applicable to the Management of Investment Portfolios Invested in Virtual Assets”. In view of the rapid development of virtual assets…

It is reported that the South Korean Government Affairs Committee will hold the 1st Proposal Review Branch on March 28th to propose and discuss the legislation of the “Virtual Assets Related Bill”. In April, a public hearing will be held to listen to expert opinions. Interpretation of this information: The South Korean Government Affairs Committee is set to hold the 1st Proposal Review Branch meeting on March 28th to discuss proposed legislation related to virtual assets. The proposed bill is aimed at regulating the use and trading of virtual assets…

On March 20, the Secretary for Financial Affairs and the Treasury of the Hong Kong Special Administrative Region Government, Xu Zhengyu, stated at the Aspen Digital Web3 Investment Summit that by the end of February 2023, the Investment Promotion Department had received over 80 mainland and foreign companies related to virtual assets expressing their intention to establish businesses in Hong Kong. Interpretation of this information: The latest announcement by the Secretary for Financial Affairs and the Treasury of the Hong Kong Special Administrative Region Government, Xu Zhengyu, regarding the influx…

On March 9, PolygonLabs announced a cooperation with AQUA in the Web3 market. AQUA’s recently launched embedded market solution is one of the cooperation areas, which allows players to conduct secondary NFT sales transactions completely in the game client or hub. From this month on, games from Polygon Ecology can also get further support in the AQUA.xyz market, with the goal of adding 15 games by the end of the year. Interpretation of this information: PolygonLabs has recently disclosed its partnership with AQUA in the Web3 market, as part of…

It is reported that in the recent training course held in Tbilisi, Georgia, 20 law enforcement and government representatives strengthened their skills in identifying and investigating the illegal use of cryptocurrency and other virtual assets. The course was organized by the OSCE Coordinator of Economic and Environmental Activities (OCEEA) with the support of the United Nations Office on Drugs and Crime (UNODC). Interpretation of this information: The recent training course held in Tbilisi, Georgia, focused on providing law enforcement and government representatives with better skills for identifying and investigating the…

On February 27, the South Korean Congress held its first bill review subcommittee this morning, but failed to discuss the Basic Law on Digital Assets, which is called the comprehensive bill related to virtual assets. Although 17 virtual asset-related bills were submitted on the same day, they were pushed to a lower priority due to the revision of the Capital Market Law, so the discussion ended in failure. In particular, the plenary session of the Congress this afternoon did not have enough time to discuss the bill itself. Interpretation of…

On February 16, the Oman Capital Market Authority, the financial market regulator of Oman, said that it planned to establish a virtual asset framework to “regulate and develop the virtual asset market of the Sultanate of Oman”. Interpretation of this information: The Oman Capital Market Authority announced on February 16 that it has plans to create a regulatory framework for virtual assets in Oman. Despite the fact that virtual assets are not currently recognized as legal currency in Oman, the regulator recognizes their potential and wants to make sure that…

On February 14, according to foreign media reports, the Korea Financial Supervision Institute began to directly review whether the virtual assets have the property of securities. The regulator set up a special working group on February 10 to support the determination of the security attributes of virtual assets in circulation in South Korea. This month, the task force will prepare a review list of security attributes of virtual assets, check the technical specificity of virtual assets and the relevance of security concepts, and start to discuss the security attributes based…