CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

CME Group Announces Launch Of Ether Options

By Editors | 12/09/2022

The new options contract is being launched in anticipation of the upcoming Ethereum Merge, which CME sees as a “potentially game-changing update”.

Crypto / Digital Assets

DBS to Expand Crypto Offerings to More Clients – Report

By Editors | 11/09/2022

CEO Piyush Gupta says DBS will soon offer crypto services to 300,000 other clients across Asia such as private banks, accredited investors, exchanges and funds.

AML / KYC

BSP Issues New Guidance on TFS Implementation

By Sanday Chongo Kabange | 09/09/2022

The guidance sets out the BSP’s regulatory expectations and identifies emerging typologies, including the use of virtual assets to finance terrorism.

Crypto / Digital Assets

Australia Clarifies Crypto is Not Taxed as Foreign Currency

By Editors | 08/09/2022

The proposed legislation removes uncertainty regarding whether Bitcoin may be treated as a ‘foreign currency’ for income tax purposes.

Crypto / Digital Assets

Thai SEC Advances Work to Revamp Rules for Crypto Firms

By Editors | 08/09/2022

The SEC will appoint a working group to consider amendments to the regulatory framework. Separately, it has filed a police complaint against Zipmex.

Fintech / Regtech

Korea to Launch KRX-Operated Digital Securities Market

By Editors | 07/09/2022

Security token guidelines will be published in Q4 2022, and rule changes will be made next year to establish a system for issuance and distribution.

AML / KYC

UK OFSI Updates Sanctions Guidance to Include Crypto

By Editors | 07/09/2022

Crypto firms are directed to freeze assets of targets listed under the Consolidated List and report suspected sanctions breaches to the OFSI.

Crypto / Digital Assets

Digital Dollar Project Launching Sandbox to Explore CBDC

By Editors | 06/09/2022

The programme is slated to begin in early October with a focus on cross-border payments. The initial participants will be Digital Asset, EMTECH, Knox Networks, and Ripple.

Crypto / Digital Assets

Korea’s Busan City Forms Partnerships with FTX, Binance

By Editors | 05/09/2022

FTX will assist in the establishment of the Busan Digital Asset Exchange. Both FTX and Binance will support the development of Busan’s local blockchain industry.