July 3 (Cointime) - The official website of the Hong Kong Investor and Financial Education Committee issued a document "Virtual Assets Beware of Risks of Unlicensed and Overseas Trading Platforms", which reminds investors that the Hong Kong Securities Regulatory Commission has not yet approved any virtual asset trading platform to provide services to retail investors, and most of the existing Virtual asset trading platforms that are accessible to the public are not regulated by the China Securities Regulatory Commission. Investors should be careful about the risks of unlicensed and overseas trading platforms.

July 2 (Cointime) - Hong Kong has formed a task force consisting of 15 industry participants and 11 government officials to oversee the development of Web3 and provide guidance on ethical aspects. The task force was established as part of Hong Kong's commitment to embrace the "megatrend" of Web3 development and aims to make Hong Kong a leader in the sector. The government's policy statement on the development of virtual assets in Hong Kong, issued in October 2022, has received a favorable response from the market, with over 80 virtual asset-related companies expressing interest in establishing their presence in Hong Kong. The Hong Kong Securities and Futures Commission (SFC) has also announced that it will soon allow licensed platforms to cater to retail investors, encouraging operators of virtual asset trading platforms to submit license applications.

June 28 (Cointime) - The Seoul High Court Civil Division has ruled that Bitcoin should not be classified as money, exempting it from lending business regulations in South Korea and declaring that interest rate rules do not apply to BTC.

June 26 (Cointime) - Palau's digital residency program, RNS.ID, allows individuals to obtain digital residency assets for a fee of $248, which extends their visas and provides access to banned cryptocurrency exchanges while concealing their true identities.

June 23 (Cointime) - The Financial Action Task Force (FATF) has stated that most jurisdictions are not fully complying with international anti-money laundering norms for cryptocurrency. The watchdog's statement following a plenary meeting chaired by Singapore's T. Raja Kumar revealed that almost three quarters of jurisdictions are only partially compliant or not compliant with the FATF's requirements for virtual assets.

June 20 (Cointime) - Belarusian State Control Committee has initiated 70 criminal cases associated with illegal cryptocurrency transfers in 2022, according to the Committee's Chairman Vasily Gerasimov as reported by the local news agency BELTA.

The South Korean financial regulator has established a virtual asset fraud reporting center to combat investment fraud related to virtual assets. The center will operate a reporting period by the end of this year and will be led by the Financial Fraud Response Team in collaboration with relevant departments.

Huobi, the global cryptocurrency exchange, has announced the launch of spot trading and virtual assets custodian services in Hong Kong. The company is also applying for a virtual asset trading platform (VATP) license and working with independent auditors to ensure security, compliance, and anti-money laundering measures are in place.

Hong Kong is preparing to introduce new regulations for virtual assets, with crypto exchanges required to obtain licenses under the Securities and Futures Ordinance and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. The regulations will require crypto platforms to employ at least two "responsible officers" (RO) for each type of license they hold.

（Cointime 16th,May）Sinohope, the MPC self-custodial platform of New Huo Tech, has officially partnered with SFT Protocol，a Web3 infrastructure service provider. The two companies will conduct in-depth communication and close cooperation around secure and compliant custody technologies for virtual assets.