Tagged: global digital finance

Global Digital Finance Broadly Agrees with Hong Kong Proposal to Regulate VASPs but Worries that Blocking Retail from Crypto is Wrong Move

Last November, Hong Kong kicked off a consultation pertaining to anti-money laundering (AML) and counter finance terrorist (CFT) regulation that will impact cryptocurrency exchanges or virtual asset service providers (VASPs). The deadline for comments delivered to the Hong Kong Financial Services and the Treasury Bureau (FTSB),… Read More

Digital Assets and DLT Space Is Growing Rapidly, but More Nascent Sectors like DeFi Pose Significant Risks: Report

The team at digital asset exchange Kraken notes that the rise of decentralized finance (DeFi) has brought a wave of innovation to the broader cryptocurrency and blockchain space, and it has also provided the opportunity for investors to generate substantial returns on their investments or… Read More

Developments related to Central Bank Digital Currencies have “Accelerated Dramatically” During Past 18 Months: Report

A report published by Global Digital Finance notes that during the past 18 months, the developments related to central bank digital currencies (CBDC) have “accelerated dramatically.” CBDC projects have gone from the research stage to formulating key policy requirements. Countries like China have even introduced… Read More

Crypto Industry Participants Slam FCA Decision to Ban Retail Investors from Cryptoasset Derivatives

Earlier today, the UK Financial Conduct Authority (FCA) issued a ban on cryptoasset derivative products for retail investors. The decision came after an extended consultation pertaining to the issue. The ban did not impact spot trading for cryptoassets like Bitcoin or Ethereum. The FCA outlined… Read More

Global Digital Finance Teams Up with FS Vector to Improve Regulatory Policies for Crypto-Assets

Global Digital Finance (GDF), an industry membership body that supports the use of best practices for crypto-assets and digital finance platforms through the development of conduct standards, has partnered with Washington DC’s FS Vector, an advisory and advocacy company. The GDF has also appointed four… Read More

Crypto Marketplace Huobi Partners with Global Digital Finance to Establish Digital Asset Standards & Best Practices

Huobi, a crypto exchange and digital asset ecosystem, has partnered with Global Digital Finance (GDF) to help establish best practices and standards for the emerging digital asset marketplace. GDF launched in the UK in 2018 and claims a good number of digital asset focused members…. Read More

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