Crypto / Digital Assets

US Senate Votes to Overturn Tax Reporting Rule for DeFi Brokers

06/03/2025

The rule, if not repealed, will require DeFi brokers to report digital asset transactions and user data starting in 2027.

Crypto / Digital Assets

Vietnam to Pilot State-run Platform for Trading Digital Assets

06/03/2025

Vietnam’s Ministry of Finance rejected an earlier proposal that would have allowed private firms to participate via a sandbox mechanism.

AML / KYC

APG is Facing “Significant Resource Challenges”

06/03/2025

The APG says in its new strategic plan that there aren’t enough experienced and effective assessors to participate in mutual evaluations.

Crypto / Digital Assets

Japan Regulator Approves Country’s First Stablecoin Licence

06/03/2025

SBI VC Trade has become the first company in Japan to obtain a stablecoin licence. Several other firms plan to launch stablecoins.

Big Picture

Japan FSA to Develop Regulatory Guidance on AI Adoption

05/03/2025

In a new discussion paper, the FSA warns that delayed AI adoption could weaken the financial industry. It cites the “risk of inaction” as a key concern.

Market Infrastructure

NZX Set to Introduce Third-Party Clearing in Derivatives Market

05/03/2025

Clearing Participants will be able to clear and settle trades on behalf of other trading firms, allowing greater flexibility in the derivatives market.

AML / KYC

Philippine SEC Outlines Reforms for Staying Off FATF Grey List

05/03/2025

A new digital registry will modernise how the SEC manages beneficial ownership data. The regulator will also tighten rules governing crypto firms.

Capital / Liquidity

BOK Relaxes Rules on Use of Foreign Currency Loan Proceeds

04/03/2025

BOK relaxed regulations that have since 2010 only allowed foreign currency loans to be used for overseas purposes with limited exceptions.

Crypto / Digital Assets

US President Announces Plans to Establish Strategic Crypto Reserve

03/03/2025

The Strategic Crypto Reserve would include Bitcoin, Ethereum, XRP, Solana, and Cardano. Further details have not yet been disclosed.