China News Today Official TheBitTimes.com

Author：0xMingyue Editor：Colin Wu 1. Singapore Attorney-General’s Office Establishes a Task Force for Digital Currencies this Year link On October 18th, as reported by The Straits Times, the Attorney-General’s Office of Singapore officially established two task forces this year, namely the Technology Crime Task Force and the Cryptocurrency Task Force, which will focuse on various issues raised by cryptocurrencies, including assisting the Singapore Police Force in tracking, seizing and disposing of such assets. 2. South Korea’s Weekly Summary 2.1 South Korean Financial Regulatory Authorities to Establish Protocols for Cryptocurrency Listings, Internal Management, and Circulation Standards link On October 17th, South Korean financial regulatory authorities, in accordance with the supplementary guidelines of the Virtual Asset User Protection Act established in June of this year, are set to formulate standards for cryptocurrency listing procedures, internal controls, supply/circulation volu...

Author：Crescent Editor：Colin Wu 1. South Korea’s Weekly Summary 1.1 South Korea Passes First Standalone Cryptocurrency Bill link On June 30th, according to Bloomberg, South Korea passed its first independent crypto currency bill to strengthen investor protection. The Virtual Assets User Protection Act, passed by the parliament on June 30th, consolidates 19 crypto currency-related bills. It defines digital assets and imposes penalties for illegal activities such as using non-public information, market manipulation, and unfair trading practices. It also grants the Financial Services Commission the power to supervise crypto currency operators and asset custodians, and the central bank will be able to investigate such platforms. The bill requires insurance, reserve funds, and necessary record-keeping. These regulations cover assets such as Bitcoin, while existing capital market laws apply to tokens deemed as securities. 1.2 South Korean Prosecutors Conduct First-Ever Forced Search and Seiz...

Author：Lily Editor：Colin Wu 1. Hong Kong’s weekly summary 1.1 Bybit is working to build its core Asian operations in Hong Kong link On April 3, Bybit, one of the largest crypto currency derivatives exchanges headquartered in Dubai, said it is working to establish its core Asian business in Hong Kong and plans to house part of its research and development and marketing team in Hong Kong. Bybit also plans to apply for a license in Hong Kong under the proposed rules that come into effect in June. 1.2 Pacific Waterdrip Digital Asset Fund I & II to be launched link On April 3, China’s third largest state-owned insurance institution Pacific Insurance Investment Management Hong Kong Branch and Waterdrop Capital launched a compliant blockchain venture capital fund and POS token income enhancement fund in Hong Kong. 1.3 Hong Kong’s Financial Secretary published an article on Web3 link On April 9, Hong Kong’s Financial Secretary published an article stating that Hong Kong will adopt a strat...