Formula 1’s largest ticket operator, Platinum Group, made a ground-breaking move in the auto-racing industry by introducing NFT ticketing for their upcoming events, starting with the Monaco Grand Prix earlier this summer. This movement follows in the recent footsteps of other industries and companies by exploring opportunities in the digital
Continue Reading Formula 1’s NFTs: A new era in ticketing and digital technology
Much anticipated regulatory updates on virtual assets (“VAs”) and related activities were announced during the Hong Kong FinTech Week. The Financial Services and the Treasury Bureau (“FSTB”), Securities and Futures Commission (“SFC”) and the Hong Kong Monetary Authority (“HKMA”) debuted wide-ranging policy
Continue Reading Hong Kong provides long-awaited policy and regulatory updates on virtual assets
The evolution of payment methods in the metaverse and the new meta-economy are key concepts in understanding how tomorrow’s commerce will look: decentralized, secure, and fast. The metaverse is synonymous with innovation. And the biggest players in the market are already taking advantage of the new opportunities it offers.
The
Continue Reading Payment schemes in the metaverse – cryptocurrencies and smart contracts
The recent enrolment of one of the world’s largest cryptocurrency exchanges in the special section of the so-called “Organismo degli Agenti e Mediatori” (OAM) in Italy is something that should not go unnoticed for at least two reasons: (i) first of all, we will observe for the first time how
Continue Reading Cryptocurrency exchanges officially in Italy. What are the applicable regulatory requirements?
The growth of the metaverse emphasizes the need to address the cybersecurity challenges posed by this new multimedia environment.
It is increasingly likely that the metaverse will be subject to cyberattacks that pose a real risk to both the companies that choose to be active in the metaverse and the
Continue Reading Metaverse and cybersecurity, what are the challenges for the future?
The media is brimming with articles on the rise of cryptocurrencies and digital assets. Whether it’s news on the rising value of Bitcoin, the acquisition of digital art for large amounts of money, the release of the latest Kings of Leon album as an NFT (non fungible token), or articles
Continue Reading Crypto assets: A new line of enquiry and recovery for insolvency practitioners
On 20 November 2020 the South African Financial Sector Conduct Authority (FSCA) published a draft declaration relating to crypto assets (including cryptocurrencies like Bitcoin and Ethereum). In terms of this draft declaration, crypto assets would be regarded as a ‘‘financial product‘‘ in terms of the Financial Advisory and Intermediary Services
Continue Reading Will we see authorised crypto providers?
