A new guidance creates a regulatory framework for tokenisation of retail investment products and provision of services for tokenised financial instruments. By Simon Hawkins and Adrian Fong On 2 November 2023, the Securities and Futures Commission (SFC) issued two widely anticipated circulars on tokenisation during the 2023 Hong Kong FinTech Week. One circular provides conduct-related … Continue Reading
In a year-end change of course, the SEC identified the minimum steps that broker-dealers must take when acting as custodians of digital asset securities. By Stephen P. Wink, Naim Culhaci, Shaun Musuka, and Deric Behar On December 23, 2020, the US Securities and Exchange Commission (SEC) staff issued a statement (Custody of Digital Asset Securities … Continue Reading
A new report explores the advantages, impacts, and approaches the Eurosystem is considering as it contemplates a digital currency. By Max von Cube In October 2020, the European Central Bank (ECB) published a Report on a Digital Euro (the Report). The Report sets out the main findings of a task force initiated in early 2020 … Continue Reading
