South Korea’s 2027 virtual-asset tax plan may face another delay due to unclear rules on taxing airdrops, staking and overseas trades, as well as insufficient tracking infrastructure for users on foreign exchanges. Experts warn that repeated postponements could erode policy credibility and urge the government to establish a dedicated task force to complete the framework. https://t.co/0jEt7IAO65 ...

Core Insights - Ant Group has applied for trademarks related to virtual assets and blockchain technology in Hong Kong, including "ANTCOIN" [1][2] - The applications cover online payments, electronic wallets, foreign exchange services, and stablecoins [2] - The trademark filings are seen as a strategic move to protect Ant Group's interests in the virtual asset sector [3] Company Developments - The ANTCOIN trademark application was submitted in June and is currently pending [1] - In July, Ant Group partnered with Circle to pilot USDC-based cross-border payments, integrating a regulated stablecoin into its payment infrastructure [5] - In September, Ant Digital Technologies launched a blockchain platform to tokenize energy assets in China, linking approximately $8 billion worth of infrastructure to on-chain systems [6] Industry Context - Major tech firms, including Ant Group, were reportedly ordered to suspend stablecoin initiatives in Hong Kong in October 2025 [4] - Traditional financial institutions globally are moving towards stablecoin adoption, with Japan's major banks planning to issue stablecoins and North Dakota announcing a state-backed stablecoin [7]

Ant Group, China's largest internet finance company, applied to register a series of trademarks related to virtual assets, stablecoins, and blockchain in Hong Kong this year, including "ANTCOIN," possibly as a preparatory step for future expansion of related businesses.https://t.co/Px7f7o5PZX ...

📰 #AscendEX Daily Updates🔷The total market cap of stablecoins has surpassed $310 billion, setting a new record, with an increase of over $80 billion this year.🔷California implements a new law to protect unclaimed cryptocurrencies from forced liquidation.🔷Dubai unveils a new financial sector strategy, with virtual assets listed as one of its core pillars.#AscendEX #Crypto #CryptoNews ...

🇦🇪 BIG: Dubai unveils its new Financial Sector Strategy, naming Virtual Assets as a key pillar and aiming to grow the sector to 3% of GDP, around AED 13B.VARA-regulated entities recorded AED 2.5T in transactions YTD, while AUM rose to AED 9.6B. https://t.co/ZdkeueKdAC ...

Core Insights - MoneyHero Ltd. is experiencing a transformation under new CEO Rohith Murthy, focusing on higher-margin insurance and wealth segments, leading to improved profitability and a positive net income in the second quarter [2][4][17] Financial Performance - The company's gross margin increased by 16 percentage points to 49.5% in the second quarter, driven by a shift towards higher-margin products [2][17] - Revenue declined 13% year-on-year to $18 million, but grew 26% sequentially from the first quarter to the second quarter [13][14] - Adjusted EBITDA loss improved to $2 million in the second quarter from $3.3 million in the previous quarter and $9.3 million a year earlier [14][17] Business Segments - The insurance business grew 18% year-on-year to $2.6 million, while wealth revenue remained flat but increased its contribution to total revenue [15][17] - The combined contribution of insurance and wealth segments to total revenue rose to 27%, with expectations to reach 30% by year-end [15][17] Market Dynamics - Hong Kong's contribution to revenue increased to 43%, up from 35% a year earlier, while Singapore's contribution remained stable at around 43% [16][17] - The company is expanding into virtual assets and personal credit scores, particularly in Hong Kong, which is its fastest-growing market [9][10] Strategic Initiatives - MoneyHero is integrating AI to enhance efficiency, reduce customer acquisition costs, and improve service quality, automating 70% to 80% of inquiries [6][7][8] - The launch of the Credit Hero Club in collaboration with TransUnion aims to provide users with access to personal credit information and product suggestions [10] - An alliance with OSL Crypto Exchange is expected to facilitate virtual asset trading for MoneyHero's users [11] Future Outlook - The company anticipates continued sequential revenue growth and aims to achieve adjusted EBITDA breakeven by the end of the year [14][18] - The strategic roadmap emphasizes a leaner, AI-optimized platform with a focus on high-margin products and strong partner relationships [18]

Regulatory Updates - Hong Kong's Securities and Futures Commission (SFC) has mandated stricter custody regulations for virtual asset platforms [1]

Core Viewpoint - Future FinTech Group Inc. is taking significant steps to expand its financial services by applying for a Hong Kong Type 1 Virtual Asset Service Provider license, which will enhance its capabilities in the emerging fintech sector [1][2][4]. Group 1: Company Developments - Future FinTech's subsidiary, Future Securities, has signed a commission agreement with a compliance consultant to assist in applying for the VASP license and a Type 9 Asset Management License [1][2]. - The application for the VASP license is part of a broader strategy to enhance the company's service offerings in the virtual asset market, which is experiencing rapid growth [4][5]. - Future Securities has established a dedicated team to ensure compliance and effective preparation of application materials, collaborating with legal and compliance advisors [6]. Group 2: Market Context - The global virtual asset market is expanding, attracting significant attention and opportunities, particularly in Hong Kong, which is recognized for its strong regulatory framework and proactive approach to virtual assets [4][5]. - The VASP license will allow Future Securities to operate within a compliance framework, providing clients with diversified investment options and enhancing the company's market competitiveness [5][7]. Group 3: Strategic Vision - The CEO of Future FinTech emphasized that obtaining the VASP license is a strategic move that will enhance the company's reputation and customer trust while allowing it to capitalize on opportunities within Hong Kong's financial ecosystem [7][8]. - Future Securities aims to innovate in the virtual asset field while leveraging its strengths in traditional finance to build a unique service platform [8][9].

Regulatory Framework - Pakistan establishes the Pakistan Virtual Assets Regulatory Authority to regulate and oversee its crypto sector [1] Objectives - The goal is to protect consumers [1] - The goal is to attract global investment [1]

TF International Securities is seeking regulatory approval to offer a wide range of virtual asset-linked services in Hong Kong and kick-start growth outside the traditional brokerage business, sources say https://t.co/advWBZj2Hm ...