Singapore Gov't Develops Blockchain Based Security Token System

An automated Delivery versus Payment (DvP) platform has been jointly developed by the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX). Its purpose is to allow the settlement of tokenized securities across various blockchain platforms. Simplifying Post Trade Processes In a joint release over the weekend the MAS and SGX stated “This will…

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Bithumb Partners ‘Asian Amazon’ While Lawyers Urge Korean Govt to Establish Crypto Framework

Lawyers in the Southeast Asian country lobbied the government today to quickly establish a legal framework for investor protection. The Korean Bar Association rarely campaigns publically for specific technologies or industry groups, however members felt strongly enough to do so for the cryptocurrency ecosystem within the country. According to Reuters, Bar Association President Kim Hyun…

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New US Govt Ethics Guidance Asks Execs To Declare Their Crypto-Money

In the latest run-up to cryptocurrency regulation in the US, the Department of Ethics has directed its senior executives to declare ownership of virtual currencies. The US Office of Government Ethics deems virtual currencies to be a “property” which can be used for further investment or production of income, under its Ethics in Government Act…

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