Crypto / Digital Assets

Crypto / Digital Assets

CFTC Offers Policy Recommendations to Address DeFi Risks

By Manesh Samtani | 09/01/2024

The report calls on the government and industry to work together to better understand DeFi and “advance its responsible and compliant development”.

Crypto / Digital Assets

HK Spot Crypto ETFs to Drive Collaboration with TradFI Firms

By Nithya Subramanian | 09/01/2024

With regulatory safeguards in place, the success of crypto ETFs hinges on institutional interest tied to market conditions, including crypto valuations.

Crypto / Digital Assets

MAS Awards Major Payment Institution Licence to Upbit Singapore

By Ranamita Chakraborty | 09/01/2024

The licence means Upbit now has regulated digital asset businesses in Singapore, Korea, Indonesia and Thailand.

AML / KYC

Korea to Diversify Funding Sources for Credit Finance Firms

By Mark Johnston | 05/01/2024

The legislative amendment applicable to credit finance firms will ban the use of credit cards to make payments on overseas crypto platforms.

Crypto / Digital Assets

US Prosecutors Will Not Pursue Second Trial for FTX Founder

By Nithya Subramanian | 02/01/2024

The DOJ said a second trial to address additional charges against Sam Bankman-Fried would delay sentencing and provide no benefit to victims.

Crypto / Digital Assets

Indonesia Requires Crypto Exchanges to Register with National Bourse

By Mark Johnston | 02/01/2024

Crypto exchanges operating in Indonesia will have to register with the country’s new national exchange for digital assets.

AML / KYC

Philippines Tightens Travel Rule Requirements for Crypto

By Editors | 01/01/2024

VASPs are expected to obtain, verify, and hold originator and beneficiary information for transactions with unhosted wallets regardless of the amount involved.

Crypto / Digital Assets

Bank Indonesia to Trial Digital Rupiah in 2024

By Editors | 29/12/2023

Based on feedback to a Jan 2023 consultation paper, Bank Indonesia has decided to proceed with a series of experiments to develop a digital rupiah.

AML / KYC

India Blocks Nine Crypto Exchanges for Failure to Register

By Ajoy K Das | 29/12/2023

Binance, Kucoin and Huobi are among the platforms that have been blocked in India for not registering as reporting entities.