Crypto / Digital Assets

Crypto / Digital Assets

ASIC Places Interim Stop Orders on Three Crypto Funds

By Editors | 17/10/2022

Holon has disclosed the risk that assets in the three funds could face a total loss of value. ASIC considers the funds not suited to the “wide target market” defined in the TMDs.

AML / KYC

Hong Kong Seeks Status as Global Hub for Virtual Assets

By Manesh Samtani | 17/10/2022

A new policy statement to be issued at Hong Kong FinTech Week may spell out plans to include retail investors in the city’s VASP regime.

Crypto / Digital Assets

China Blocks 13 Crypto Apps Found to be Locally Accessible

By Editors | 16/10/2022

13 mobile apps for crypto trading that were still accessible in China have been removed from app stores at the direction of a Beijing court.

Crypto / Digital Assets

Tether Eliminates Commercial Paper from Stablecoin Reserves

By Manesh Samtani | 15/10/2022

“Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market,” the company said.

Crypto / Digital Assets

Thai SEC Orders Bitkub to Fix Standards of Native Token

By Editors | 15/10/2022

The SEC says KUB Coin’s so-called “adminTransfer” function could be used by attackers to transfer digital assets from any wallet.

Crypto / Digital Assets

FASB is Moving to Fair Value Accounting for Crypto Assets

By Manesh Samtani | 14/10/2022

The FASB has decided to move away from the current impairment model in favour of fair value accounting for crypto assets.

AML / KYC

US Treasury Facing 2nd Lawsuit Over Tornado Cash Sanctions

By Editors | 14/10/2022

Think tank Coin Center argues that the Tornado Cash sanctions harm US citizens and their ability to transact privately using the Ethereum network.

Crypto / Digital Assets

BNY Mellon Launches Digital Asset Custody Platform

By Editors | 13/10/2022

BNY Mellon is the first systemically important US bank to launch a crypto custody platform, leveraging technology from Fireblocks and Chainalysis.

Crypto / Digital Assets

Coinbase, Blockchain.com Win In-principle Approval in Singapore

By Editors | 12/10/2022

MAS has granted in-principle approval to Coinbase and Blockchain.com. Currently, nine firms have full licences to offer regulated crypto services in Singapore.