CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

WEF Calls For Global Collaboration in Regulating Crypto-Assets

By Ranamita Chakraborty | 29/05/2023

A new WEF report offers recommendations on collaborative pathways for global crypto-asset regulation.

Crypto / Digital Assets

Temasek Cuts Pay of Investment Team After FTX Losses

By Karen Ng | 29/05/2023

Temasek said members of its investment team took collective accountability for the investment in FTX and hence took a pay cut.

Crypto / Digital Assets

Hong Kong Police Launch “CyberDefender Metaverse” Platform

By Editors | 29/05/2023

The platform is designed to help educate the public about cyber crimes in the Metaverse, especially those involving virtual assets.

Crypto / Digital Assets

Korea Passes Bill to Force Public Officials to Disclose Crypto Holdings

By Editors | 28/05/2023

Crypto holdings will be included under the private interests that members of the National Assembly need to report.

AML / KYC

VerifyVASP Becomes First LEI Validation Agent in Crypto Space

By Manesh Samtani | 26/05/2023

VerifyVASP will be able to help VASP clients obtain an LEI, which can be used in counterparty due diligence and travel rule compliance.

Crypto / Digital Assets

ESMA Warns of Crypto Mis-selling by EU Investment Firms

By Mark Johnston | 26/05/2023

ESMA says firms should now use their regulatory status for traditional finance as a marketing tool to promote crypto investments.

Crypto / Digital Assets

TP ICAP Launches New Digital Assets Trading Platform

By Mark Johnston | 25/05/2023

The platform can be used for order matching and trade execution, with segregated custody and settlement done separately.

AML / KYC

Hong Kong SFC Issues Updated AML/CFT Guidelines

By Editors | 25/05/2023

The updated AML/CFT guideline includes a new stand-alone chapter on regulatory requirements and standards for addressing ML/TF risks associated with virtual assets.

Enforcement

Malaysia SC Orders Crypto Firm Huobi to Cease Local Operations

By Ranamita Chakraborty | 24/05/2023

Huobi is directed to stop advertising to Malaysian investors and to remove its app from local app stores.