Licensing
Hong Kong's regulators have completed consultations on a new licensing regime for virtual asset dealers and custodians, aiming to bolster institutional trust in the crypto market. The Financial Services and the Treasury Bureau (FSTB) and Securities and Futures Commission (SFC) announced the changes on Christmas Eve, aligning crypto operations with traditional securities standards. This move completes the SFC's ASPIRe roadmap and signals further regulations for advisors and managers.
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Sony Music Entertainment Japan and Sony Pictures Entertainment have agreed to buy WildBrain's 41% stake in Peanuts Holdings LLC, the company behind the iconic Peanuts franchise, for CAN$630 million, or about $457 million USD. This will give Sony 80% ownership, while the Schulz family retains 20%. The deal ensures continued collaboration with WildBrain and Apple TV for future content.