Crypto / Digital Assets

Crypto / Digital Assets

US SEC Fines eToro $1.5m for Not Registering Crypto Services

By Nithya Subramanian | 16/09/2024

As part of the settlement, eToro is required to delist 102 crypto tokens, leaving only Bitcoin, Bitcoin Cash, and Ether available to investors.

Crypto / Digital Assets

UK Introduces Bill to Clarify Legal Status of Digital Assets

By Thisanka Siripala | 16/09/2024

The legislation will formally classify crypto, NFTs and certain tokenised assets as property, enabling courts to more effectively handle disputes.

Crypto / Digital Assets

Ripple Considers Issuing Japanese Yen Stablecoin – Reports

By Thisanka Siripala | 12/09/2024

Ripple CEO Brad Garlinghouse hinted that Ripple could issue a yen stablecoin once its planned USD stablecoin is approved in the US.

Crypto / Digital Assets

Singapore Court Jails Crypto Firm Director for Ponzi Scheme

By Nithya Subramanian | 12/09/2024

Chen Wei, Director of A&A Blockchain Technology Innovation, has been sentenced to four years in prison for deceiving over 700 investors.

Crypto / Digital Assets

UK FCA Charges Man for Operating Illegal Crypto ATM Network

By Nithya Subramanian | 12/09/2024

The London resident is the first individual to be criminally prosecuted for unregistered crypto activity in the UK.

Crypto / Digital Assets

Indonesia’s OJK is Preparing New Tax Rules for Crypto – Report

By Nithya Subramanian | 10/09/2024

The new tax regulations are part of a transition of crypto supervision in Indonesia from Bappebti to OJK, expected by early 2025.

Crypto / Digital Assets

Thai SEC Amends Rules on Use of Digital Assets in Payments

By Nithya Subramanian | 10/09/2024

The regulatory changes allow digital asset business operators to participate in the central bank’s Programmable Payment Sandbox.

Crypto / Digital Assets

Japan’s Megabanks to Pilot Blockchain Cross-Border Payments System

By Thisanka Siripala | 10/09/2024

The Japanese megabanks will start piloting stablecoins to simplify the cross-border payments process. The new system is expected to go live in 2025.

Crypto / Digital Assets

MAS Grants In-principle Digital Assets Licence to JST Digital

By Nithya Subramanian | 09/09/2024

JST Digital was launched in New Jersey in 2018, registered with FinCEN in 2022, and is now on a path to a Singapore licence.