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The Hong Kong government has issued a clear directive to virtual asset service providers (VASPs): apply for a license by February 29 or cease operations by May 31. This announcement, made by Christopher Hui, the Secretary for Financial Services and the Treasury, underscores the city’s commitment to regulating the burgeoning virtual asset industry. Hui highlighted...
Innovative Token Launch for Qualified Investors Nornickel’s digitalization subsidiary, GPF Investments (GPFI), has launched an innovative range of digital tokens tied to platinum group metals such as platinum, palladium, ruthenium, and iridium, the top palladium miner said in a statement on Thursday. Initially available exclusively to qualified investors, there are plans to broaden access through...
Learn more: Coindesk
Russian mining company Norilsk Nickel, also known as Nornickel, has announced plans to create a new employee incentive scheme. The move follows a commitment by the company’s largest shareholder, Vladimir Potanin, to increase employee ownership. Potanin said in September 2022 that the company planned to increase the shareholding of employees and other individuals to 25%...
The market for a new type of tokenized assets – digital financial assets or DFAs – in Russia took a fresh breath in April, with seven DFA issues totaling about 1 billion rubles ($13 million) announced, Kommersant business daily reported. Russia’s top retail bank Alfa-Bank carried out the placement of telecom group Rostelecom notes worth...
