Crypto / Digital Assets

Crypto / Digital Assets

Korea: Three Securities Firms Form Digital Securities Consortium – Report

By Editors | 04/10/2023

The three securities firms hope to share costs and gain economies of scale to attract more issuers for STOs.

Crypto / Digital Assets

MAS Grants Major Payments Institution Licence to Ripple

By Editors | 04/10/2023

Ripple received its in-principle approval from MAS just four months ago in June 2023. Singapore is the company’s Asia Pacific headquarters.

Enforcement

Three Arrows Capital Co-Founder Jailed in Singapore

By Mark Johnston | 03/10/2023

The co-founder was jailed for not cooperating with the liquidator’s effort to recover funds to return to the creditors of the collapsed hedge fund.

Crypto / Digital Assets

HK, Macau Police Make Four New Arrests in JPEX Case

By Manesh Samtani | 03/10/2023

Two Hong Kong residents were arrested in Macau and two more in Hong Kong. One was found with documents that were shredded and bleached.

Crypto / Digital Assets

Coinbase, Sygnum, GSR Win New Approvals in Singapore

By Manesh Samtani | 03/10/2023

Coinbase and Sygnum Singapore obtained full Major Payment Institution licences. GSR Markets Pte Ltd received in-principle approval.

Crypto / Digital Assets

Hong Kong’s Favourable Crypto Climate Powers Transaction Volumes

By Nithya Subramanian | 02/10/2023

Hong Kong’s growing status as a crypto hub may be an indication of the Chinese government becoming more open to digital assets, said a study by Chainalysis.

Big Picture

Fed Report Assesses Financial Stability Risks of Stablecoins

By Mark Johnston | 01/10/2023

In a separate note, JP Morgan says the Fed’s decision to prevent stablecoins from accessing its overnight facilities could risk disruption in funding markets.

Crypto / Digital Assets

SFC Publishes Names of VATP Licence Applicants

By Editors | 01/10/2023

Four VATP operators have submitted licence applications to the SFC. Six entities are listed as ‘suspicious VATPs’.

Crypto / Digital Assets

BIS Innovation Hub Concludes Project Mariana Trials

By Editors | 29/09/2023

The project explored the use of DeFi automated market makers for the cross-border exchange of CBDC in different currencies.