Crypto / Digital Assets

Crypto / Digital Assets

Korea Prepares to Implement Virtual Asset User Protection Act

By Manesh Samtani | 08/02/2024

The FSS released a roadmap to facilitate implementation of the new law, which will allow illegal activity to be punished with life.

Crypto / Digital Assets

South Korea Jails Two Bitsonic Executives for Crypto Theft

By Sanday Chongo Kabange | 08/02/2024

The CEO and CTO were sentenced to seven years and one year in jail, respectively, for embezzling KRW 10 billion in customer funds.

Crypto / Digital Assets

Ransomware Losses in 2023 Exceeded $1bn in Crypto : Report

By Nithya Subramanian | 08/02/2024

Chainalysis crypto crime report attributes last year’s surge in ransomware attacks to heightened intensity and sophistication by diverse actors.

Crypto / Digital Assets

HK Breaks New Ground With Digital Green Bond Issuance

By Editors | 08/02/2024

This is the first multi-currency digital bond offering in the world, and the first digitally native bond issuance in Hong Kong.

Capital / Liquidity

HKMA Consults on Capital Treatment of Cryptoasset Exposures

By Manesh Samtani | 07/02/2024

The proposals are based on the Basel standards, applying a 1,250% risk weight to so-called Group 2b cryptoassets.

Crypto / Digital Assets

Thailand Announces Vat Exemption for Digital Asset Trading

By Editors | 07/02/2024

The Finance Ministry has dispensed of requirements to pay seven percent VAT on income derived from crypto and digital token trading.

Crypto / Digital Assets

Korean Authorities Arrest Three Over Alleged Crypto Fraud

By Sanday Chongo Kabange | 07/02/2024

Three executives of crypto platform Haru Invest were arrested for failing to return KRW 1.1 trillion worth of crypto to investors.

Crypto / Digital Assets

Korea to Introduce Vetting Process for Crypto Executives

By Editors | 07/02/2024

Crypto firms would have to submit “change reports” to KoFIU and secure its approval to replace or appoint a new representative or executive officer.

Crypto / Digital Assets

Hong Kong PCPD Warns Against Worldcoin’s Free Crypto Offer

By Sanday Chongo Kabange | 05/02/2024

The PCPD raided six premises of the Worldcoin project in Hong Kong, saying the city’s privacy law may have been breached.