1. Hong Kong is planning to let the SFC and Hong Kong Customs jointly supervise OTC virtual asset transactions
Hong Kong’s Securities and Exchange Commission has sought advice from industry players on the possible implementation of a new licensing regime for cryptocurrency over-the-counter services, which would see the securities regulator work with C&ED to oversee such firms, as the discussions were private. The planned OTC regulations and licensing were previously the sole domain of C&ED, according to a proposal made public in February. OTC services facilitate direct and private high-volume cryptocurrency transactions between two parties. In recent months, the SFC has also consulted companies on introducing a new licensing regime for cryptocurrency custody services, the people said. Discussions on both licenses are still at an early stage and could change, they said.
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2. Vitalik: Starting next year, we plan to only publicly mention L2 projects that are at stage 1+
Vitalik said: "Whether I've invested or not, or whether you're my friend, there's only phase 1 or nothing. Multiple ZK-rollup teams have told me that they expect to reach phase 1 by the end of the year. I'm very excited about this. Of course, the training wheels shouldn't be thrown off lightly before we are truly confident in the security of the proof system; that would be irresponsible. But phase 1 (75% of the council needs to cover the proof system, and 26%+ of the council members must come from outside the rollup team) is a very reasonable modest milestone. The multisig wallet I'm on hasn't had a single liveness failure in years, let alone a 26% failure rate. The era of rollups as glorified multisig wallets is coming to an end. The era of crypto trust is coming."
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3. CryptoPunk#2386was purchased by a user using a shotgun method for 10 ETH
The highest bid for the NFT is currently 600 ETH (about $1.42 million). Previously, the NFT owner split it through a website called Niftex, and its ownership was divided into 10,000 ERC-20 tokens in 2020, allowing investors to buy and sell individual fragments. Although the website has been closed, because the contract is still valid on the chain, the buyout function was triggered, and the user eventually obtained ownership of the NFT at a fraction of its current value.
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4. Taiwanese police cracked a virtual currency fraud case involving NT$100 million
In September 2023, a man surnamed Zhan went to the police station to report that he was deceived by netizens into joining an investment group on a social platform. He had to pay cash in person to buy virtual currency, and then transfer the virtual currency to the wallet address provided by the customer service staff of the investment platform. When Zhan was ready to withdraw cash, he was told that he had to invest another 10% of his profit as "tax" before he could withdraw cash. The man was defrauded of NT$3.4 million before he realized he had been deceived and called the police. After nearly a year of investigation, the police finally successfully arrested 9 suspects, 2 of whom have been detained and denied access by the prosecutor.
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5. Singapore bans the use of cryptocurrencies in gambling to avoid money laundering risks
Singapore's Parliament passed an amendment to the Casino Control Act on September 10, further strengthening the effectiveness of the country's casino regulatory system and strengthening protection measures for vulnerable groups. The amendment includes a ban on the use of cryptocurrencies in casinos, mainly for the purpose of preventing money laundering and other related criminal activities. Under the newly revised bill, the Singapore Gambling Regulatory Authority (GRA) will be given greater power to regulate more forms of gambling activities in casinos, including betting and lotteries. Although the new bill allows two casinos in Singapore to conduct cashless gambling operations, it explicitly prohibits the use of cryptocurrencies.
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