Crypto / Digital Assets

Enforcement

US Judge Denies SEC Permission to Appeal Ripple Ruling

By Editors | 04/10/2023

The July ruling found that programmatic sales of Ripple’s XRP digital token on public exchanges was not a breach of federal securities laws.

Crypto / Digital Assets

UPDATE – UBS, SBI Launch Tokenised VCC Fund Pilot in Singapore

By Editors | 04/10/2023

The live pilot of a tokenised money market fund was launched under a wider VCC umbrella as part of Project Guardian.

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.