This is the DFSO News Section, covering recent Digital Financial Services news and relevant topics.
In an effort to protect the general public, the Kenya Capital Markets Authority (CMA) has issued a cautionary statement on participation in Kenicoin with a reminder that activities appear to be following conduct that requires approval by the Authority which has not, as of yet, been issued.
The Malta Gaming Authority (MGA) announced that it would begin the first of two sandbox framework phases, accepting applications for innovations concerning Virtual Financial Assets (VFA) and usage of Distributed Ledger Technology (DLT) within the gaming industry.
The release of recommendations and draft regulations for virtual and crypto currencies, expected imminently, has been delayed indefinitely as has been the RBI's consideration of launching of its Central Bank Digital Currency.
The finance minister of South Africa revealed this week that a regulatory working group had been formed which would release a research paper on crypto assets during 2019, as reported in the country's Business Day periodical.
The Philippines Securities and Exchange Commission (SEC) will delay the issuance of its final rules on Initial Coin Offerings (ICOs) without a new release date.
Legislators in the US State of Wyoming introduced a bill entitled the "Financial Technology Sandbox Act" to stimulate blockchain and financial technology ("FinTech") innovation.
The Central Bank of Kuwait released its FinTech Regulatory Sandbox Framework at the end of November, 2018.
The South Korea Financial Supervisory Service (FSS), an agency setting financial policy and regulatory supervision, has passed the "Special Act on Financial Innovation Support" covering innovative financial services.
The Kenya Capital Markets Authority (CMA) released its draft Regulatory Sandbox Guidance Note which provides a comprehensive framework and application for innovative products and services for release in Kenya.
The Central Bank of Bahrain (CBB) issued (and will be publishing in the CBB website 'Open Consultations' section) a consultation paper on the draft rules on Crypto-asset Platform Operators ("CPO") for comment.
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