Crypto / Digital Assets

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.

Enforcement

Thai SEC Penalises Bitkub CTO for Insider Trading Violations

By Editors | 05/09/2022

Bitkub’s CTO bought the company’s own digital token, KUB Coin, based on inside information about a proposed acquisition by Siam Commercial Bank.