Crypto / Digital Assets

Crypto / Digital Assets

China Call for Crackdown on Foreign Exchange Crimes

By Editors | 29/12/2023

The use of cryptocurrencies as a tool for foreign exchange trading is illegal in China, authorities said.

Crypto / Digital Assets

Korea to Boost Transparency of Crypto Holdings by Officials

By Editors | 28/12/2023

Members of the public will soon be able to access information on public officials’ crypto holdings via an electronic system.

Crypto / Digital Assets

Hong Kong Opens Consultation on Regulatory Regime for Stablecoins

By Manesh Samtani | 28/12/2023

Hong Kong will implement a licensing regime that will require issuers of fiat-backed stablecoins that meet certain conditions to be licensed by the HKMA.

Crypto / Digital Assets

Chinese Authorities Dismantle $2.2b Underground Banking Operation

By Editors | 27/12/2023

The operation involved the use of overseas crypto platforms to exchange foreign currency. 74 suspects were arrested and their electronic devices and bank cards seized.

Crypto / Digital Assets

Japan Approves Reforms to End Tax on Unrealised Crypto Gains

By Editors | 27/12/2023

Crypto assets issued by third party organisations can be held by corporations without being marked-to-market for taxation.

Crypto / Digital Assets

BOC Settles First Cross-border Precious Metals Trade Using e-CNY

By Editors | 26/12/2023

Bank of China transferred CNY 100 million in cash from an overseas buyer and deposited the funds as digital yuan at the Shanghai Gold Exchange.

Crypto / Digital Assets

Hong Kong SFC to Permit Listing of Spot Crypto ETFs

By Manesh Samtani | 23/12/2023

HKEX welcomed the SFC’s move, saying it will enhance Hong Kong’s role as a leading digital asset hub across the region.

Crypto / Digital Assets

FSC Korea Issues New Accounting Guidelines for Crypto Assets

By Manesh Samtani | 22/12/2023

Crypto exchanges that have control over customer assets must account for them separately as assets and liabilities.

Enforcement

HK SFC Issues Warning About More Suspicious VATPs

By Sanday Chongo Kabange | 21/12/2023

The SFC said the police have blocked the two platforms in Hong Kong over suspected fraudulent activities related to virtual assets.