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Cathay Securities is permitted to issue $930,000 worth of tokenized green bonds every six months. Taiwan's financial watchdog, the Financial Supervisory Commission (FSC), has awarded the country's first security token offering (STO) license to Cathay Securities. According to local news reports on Nov. 9, Cathay received regulatory approval for its "Sunshine Green Yield" STO bonds with a time to maturity of six years, initial annual interest of 3.5%, and an initial principal amount of 30 million New Taiwan Dollars ($0.93 million). Through the token subscriptions, enterprise owners can purchase green electricity on the market for environmental, social, and corporate governance initiatives under favorable conditions and receive variable interest rate payments of up to 5.8% per year. Trading for the Subshine Green Yield bonds will debut on Dec. 12 on Cathay's in-house STO exchange platform. Since 2019, the FSC has classified token ized assets as securities, with ...

The cryptocurrency exchange secured VASP licensing in Lithuania in April. On May 23, cryptocurrency exchange Bitget announced its successful registration as a virtual asset service provider (VASP) in Poland. The regulatory license allows Bitget to operate legally within the Polish market. In April, Bitget received its VASP license in Lithuania, allowing it to offer cryptocurrency-related services both within and from the Baltic nation.  Gracy Chen, Bitget’s managing director, said, “We understand that regulation is the future of the cryptocurrency industry if mainstream adoption is to be achieved. The recent registrations in the two European countries enhance our foothold and service in Europe.” According to its latest quarterly update, Bitget grew its staff count from 1,000 to 1,300 members during Q1 2023 and still has around 300 openings in research and development, compliance, business development, operations and customer support.  Additionally, the price recovery of Bitcoin (B...