The Hong Kong-listed OSL Digital Securities has participated in the Swiss banking giant UBS’s “investment-grade tokenised warrant and simulated product life cycle.” Patrick Pan said the partnership with UBS not only represents a milestone for OSL but also highlights the importance of maintaining high standards in the digital asset market. Transforming Hong Kong’s Digital Asset…
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Nigerian fintech lawyer Senator Ihenyen said the new central bank guidelines which bar the withdrawal of cash from accounts operated by virtual asset service providers (VASPs) seem “reasonable and understandable.” The lawyer however believes an “outright” prohibition of cash withdrawals from VASPs operated accounts may “be in conflict with the CBN’s own cashless policy.” ‘Fraudulent…
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About 52 virtual currency operators have shown interest in joining Taiwan’s financial market, the Financial Supervisory Commission has said. The commission also said that it is planning to announce the region’s first virtual asset management guiding principles sometime in September. Virtual Asset-Specific Laws Taiwan’s Financial Supervisory Commission (FSC) recently revealed that some 52 virtual currency…
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The Dubai Virtual Asset Regulatory Authority (VARA) recently announced the schedule of fees “covering the issuance of no-objection certificates to proprietary traders, amendments or withdrawal of licence applications, and the submission of whitepapers for VARA review.” According to VARA, licensed entities seeking to completely withdraw from Dubai will be asked to pay a license withdrawal…
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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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