Digital Assets

On 27 June 2024, the Monetary Authority of Singapore (MASannounced the expansion of two initiatives to scale asset tokenisation for financial services.

Project Guardian

One of these initiatives – Project Guardian – involves partnering with global industry associations and financial institutions to drive common asset tokenisation standards in fixed income, foreign exchange

On 25 June 2024, the HKMA issued a press release announcing that the Hong Kong Institute for Monetary and Financial Research (HKIMR), the research arm of the Hong Kong Academy of Finance (AoF), has released two new research reports, on “Decentralised Finance: Current Landscape and Regulatory Developments” and “The Metaverse: Opportunities

On 20 June 2024, the Monetary Authority of Singapore (MAS) announced the publication by Singapore of its updated Money Laundering (ML) National Risk Assessment (NRA), as part of its continuing efforts to maintain the effectiveness of its anti-money laundering (AML) regime amidst the evolving risk landscape.

The

On 12 June 2024, the Securities and Futures Commission (SFC) held a briefing session to explain its regulatory expectations to the virtual asset trading platform (VATP) applicants that are now deemed to be licensed after 1 June 2024.

In a press release, the SFC noted that over 60 participants –

On 5 June 2024, the Securities and Futures Commission (SFC) published a speech by its Chief Executive Officer, Ms Julia Leung, on ‘Building a Fintech Ecosystem to Shape the Future of Finance’.

In the speech, Ms Leung focuses on distributed ledger technology (DLT), noting that financial professionals are debating whether it