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Latest from Sandali Handagama
Tokenization Could Improve Bond Market Efficiency, Hong Kong Regulator Says
A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets.

U.K.’s Travel Rule Troubles Showcase Global Challenge for Crypto
U.K. crypto firms have just days to comply with new anti-money laundering requirements – but they are seeking more guidance given patchy implementation of the controversial FATF rule between jurisdictions.

FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions
The bankrupt exchange wants to return funds to creditors in dollars without denting value.

UK ‘Travel Rule’ Won’t Completely Nix Transfers to Noncompliant Places, FCA Says
Companies such as PayPal are already halting their crypto payments services in the U.K. as a result of tighter regulations.

PayPal to Stop Crypto Purchases in UK Until 2024
The company said the pause is due to the U.K. financial regulator’s upcoming stricter rules, which include the travel rule to combat money laundering set to take effect Sept. 1.

3AC Founders' OPNX Fined $2.7M by Dubai Crypto Regulator
The exchange co-founded by Kyle Davies, Su Zhu and Mark Lamb was formally reprimanded by the Virtual Assets Regulatory Authority (VARA) in May.

UK Crypto Incentives Ban Could Drive Firms Out of Country, Lobbyists Say
Lobby group CryptoUK called for more clarity from the FCA on guidance for upcoming crypto ad rules.

FTX Fires Back at Creditors 'Willing to Gamble Estate Assets on Higher Returns'
The committee of unsecured creditors had criticized the bankrupt estate's reorganization plan submitted to a Delaware court in July.

Why Binance Is Abandoning Most of Europe
Crypto firms only need regulatory approval in one EU nation under new rules to serve all 27 in the single market – but some states are more prepared to implement MiCA regulation than others.

France Steps Closer to Implementing MiCA for Crypto Firms
The country's financial regulator AMF has "enhanced" registration requirements for digital asset service providers set to take effect on Jan. 1, 2024.
