PayCoin issuer completes preliminary certification of new virtual asset business operator information security management system
Golden Finance reported that PayCoin (PCI) issuer Pay Protocol AG (Pay Protocol) has obtained preliminary certification from the Korea Internet and Security Agency's (KISA) new virtual asset business operator (VASP) information security management system (ISMS).
South Korea’s Democratic Party requires preliminary candidates for next year’s general election to disclose virtual asset holdings
South Korean Democratic Party has decided to require preliminary candidates for next year's election to disclose their holdings of virtual assets (cryptocurrency). Han Byung-do, chairman of the Democratic Party's Strategic Planning Committee, said: "Our consensus is to strictly strengthen the ethical review of candidates. We have decided to verify whether candidates have conflicts of interest in virtual assets from the screening stage of the audit committee. If false reports are made, legal responsibility will be pursued; if discovered, corresponding strict measures will be taken (such as disqualification of candidates)." (Hankyung)
The Korea Monetary Authority plans to release standards for the listing and delisting of virtual assets to regulate market behavior
According to reports from Korean media, the Financial Supervisory Service (FSS) of Korea has formed a virtual asset listing working group with external experts to prepare regulatory standards for listing, maintaining, and delisting, and plans to reach a conclusion and report to the National Assembly a few months before the implementation of the Virtual Asset User Protection Act in July 2024.
Invest Hong Kong: Will look for software suppliers that support real-time tracking of virtual asset data and recommend them to regulators
At the "Artificial Intelligence New Era: Exploring Financial Big Models" sub-forum of the 2023 Hong Kong Fintech Week, Leung Hon-king, head of finance and fintech at the Investment Promotion Bureau of the Hong Kong SAR government, stated that while various new tracks in the fintech field are developing rapidly, compared to traditional financial assets that require custody, the uncertainty of virtual assets is greater and regulation is more difficult. Leung Hon-king also revealed that the Investment Promotion Bureau hopes to find some of the most advanced software suppliers who can conduct real-time tracking of virtual asset trading data and recommend them to regulators.
XBE Risk Director: JPEX Victims Can Report the Crime in Australia and Freeze the Bank Accounts of the Relevant Companies As Soon as Possible
Regarding the JPEX incident, Zhu Qiaohua, risk director and lawyer of the blockchain technology group XBE, said that most overseas law enforcement agencies have blockchain blacklists. Once a wallet or funds are involved in a criminal case, the authorities can track and lock the funds in the wallet.
Hong Kong Legislative Council Member Wu Kit-Chuang: We Have Received Help From Approximately 30 JPEX Victims, and the Amount Involved May Have Exceeded HK$100 Million.
Hong Kong Legislative Council member Wu Jiezhuang held a press conference today (18th) to respond to the suspected fraud incident of the virtual asset trading platform JPEX. He revealed that he has received about 30 requests for help from victims, and the amounts lost by each person are different, with some being six-digit numbers and some being seven-digit numbers. The total amount involved is estimated to be over 100 million Hong Kong dollars.
SEBA Hong Kong Receives In-Principle Approval from SFC to Deal in Virtual Assets
SEBA Bank's Hong Kong branch has been granted in-principle approval from the Hong Kong Securities and Futures Commission to deal in virtual assets. The license will allow SEBA Hong Kong to offer services such as over-the-counter derivatives, asset management for discretionary accounts in virtual assets, and advising on virtual assets.
HashKey Exchange Has Opened BTC/USD, ETH/USD Trading Pair Services to Retail Investors
According to an official announcement, HashKey Exchange has opened up deposit, withdrawal, and trading services for Bitcoin (BTC) and Ethereum (ETH) to retail investors. The exchange has also officially opened BTC/USD and ETH/USD trading pairs for retail investors.
Korean Citizens’ Groups Urge Expanded Disclosure of Diet Members’ Assets and Include Spouse’s Assets in Public Investigations
The Korean citizen group "Improvement Network for Property Disclosure and Information Disclosure System" recently urged the expansion of the scope of property disclosure for congress members, including the disclosure of spouses' assets, and a comprehensive investigation of the virtual assets of all members.
CEO of HKVAX: The Web3.0 industry in Singapore and Dubai is returning to Hong Kong
Web3.0 industry professionals who had previously relocated to Singapore and Dubai are returning to Hong Kong. The Hong Kong government has shown support for the development of Hong Kong as a global hub for virtual assets, helping the industry to solve problems. While the Web3.0 ecosystem in Hong Kong continues to grow, the government also supports the increase in demand for blockchain-related transactions, which even drives up hotel prices.
