Crypto / Digital Assets

Enforcement

US Grand Jury Indicts Three Russians Who Operated Crypto Mixers

By Manesh Samtani | 14/01/2025

The defendants operated Blender.io and Sinbad.io, which were used to launder funds stolen from victims of ransomware, virtual currency thefts, and other crimes.

Crypto / Digital Assets

Crypto Exchange Bybit Suspends Services in India

By Mark Johnston | 14/01/2025

Bybit temporarily suspended its trading and account registration services in India until it secures registration with FIU-IND

Crypto / Digital Assets

Digital Asset Regulation: A Turning Tide in Australia

By Natasha Teja | 13/01/2025

Amid mounting pressure at home and abroad, Australian regulators are slowly turning to face digital assets

Fintech / Regtech

HKMA Launches Supervisory Incubator to Promote Responsible DLT Adoption

By Sanday Chongo Kabange | 09/01/2025

The incubator provides banks a one-stop platform for obtaining supervisory feedback on DLT-related proposals and the option to conduct live trials.

Crypto / Digital Assets

Korean Supreme Court Uphold Jail Sentence of Crypto Trader

By Editors | 09/01/2025

The decision has brought clarity on the definition of a virtual asset business operator under South Korean law

AML / KYC

China FX Regulator Directs Banks to Ramp Up Risk Monitoring

By Manesh Samtani | 08/01/2025

Banks are asked to monitor for and report illegal cross-border financial activities involving underground banks, cross-border gambling, and virtual currencies

Enforcement

CFTC Settles Lawsuit Against Crypto Exchange Gemini for $5m

By Editors | 08/01/2025

The CFTC’s 2022 lawsuit had accused Gemini of providing inaccurate information about the manipulation risks of a proposed Bitcoin futures product

Crypto / Digital Assets

Seoul Prosecutors File First Charges Under New Crypto Law

By Manesh Samtani | 07/01/2025

Two individuals were arrested and indicted for manipulating virtual assets. A third individual fled overseas.

Crypto / Digital Assets

OCBC Launches First Sale of ‘Bespoke’ Tokenised Bonds

By Editors | 07/01/2025

OCBC said the bonds are structured based on the investor’s desired tenor and yield before being minted