Crypto / Digital Assets

Crypto / Digital Assets

RBI to Enable CBDC Programmability, Offline Functionality

By Ajoy K Das | 10/02/2024

RBI statement also said it will introduce a new principle-based framework for the authentication of digital payment transactions.

Enforcement

Australian Court Rules Yield-earning Crypto Product Illegal

By Editors | 09/02/2024

The Federal Court ruled that Block Earner was offering unlicensed financial services through its “Earner” product.

Crypto / Digital Assets

Korea: Regulator May Be Forcing Binance to Sell GOPAX Stake

By Sanday Chongo Kabange | 09/02/2024

A year after Binance bought a majority stake in crypto exchange GOPAX, the regulator still has not approved the shareholding revision.

Crypto / Digital Assets

UBS Launches Hong Kong’s First Tokenised Warrant

By Sanday Chongo Kabange | 09/02/2024

UBS said tokenisation opens a new channel for investors to access digital structured products.

Crypto / Digital Assets

Hong Kong Proposes Regulatory Framework for OTC Crypto Venues

By Manesh Samtani | 09/02/2024

Firms providing “spot trade of any virtual assets for money” such as physical shops and ATMs would have to be licensed by the Commissioner of Customs and Excise.

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.