Crypto / Digital Assets

Crypto / Digital Assets

BOK Calls for Reversal of ICO Ban in Korea

By Editors | 30/08/2022

BOK says the ban has resulted in domestic companies turning overseas to issue new crypto assets, which are then listed on Korean crypto exchanges.

Crypto / Digital Assets

MAS to Strengthen Retail Protections from Crypto Harms

By Manesh Samtani | 30/08/2022

MAS managing director Ravi Menon described an approach to digital assets that allows Singapore to be both stringent in its regulation and facilitative of innovation.

Crypto / Digital Assets

UnionBank Becomes First Philippine Bank to Enable Crypto Trading

By Editors | 30/08/2022

UnionBank has also been exploring other uses of blockchain technology, as it seeks to future-proof its business and expand its metaverse footprint.

Crypto / Digital Assets

MAS Seeking Granular Business Activity Info From Crypto Firms

By Editors | 29/08/2022

The exercise is reportedly aimed at gathering information from crypto-related firms in Singapore ahead of planned regulatory changes for the sector.

AML / KYC

US Lawmaker Seeks Clarity on Tornado Cash Sanctions

By Editors | 28/08/2022

US Congressman Tom Emmer says the designations against Tornado Cash wallet addresses are a “divergence from previous OFAC precedent”.

Capital / Liquidity

Canada OFSI Issues Guidance on Bank Treatment of Crypto

By Mark Johnston | 28/08/2022

OFSI provides no recognition (i.e., a 100% haircut) for Group 2 cryptoassets held as collateral, but is seeking views on hedging practices that could warrant a lower haircut.

Crypto / Digital Assets

Shanghai Data Exchange Opens New Board for NFT-Like Assets

By Editors | 27/08/2022

Digital assets that can be traded on the new board are “non-monetary assets” owned in digital form for cultural and creative purposes.

Crypto / Digital Assets

Malaysia SC Adds Huobi to Investor Alert List

By Editors | 25/08/2022

The Securities Commission said Huobi is operating a digital asset exchange without being registered with the regulator.

Crypto / Digital Assets

FDIC Orders Crypto Firms to Correct Misrepresentations

By Editors | 24/08/2022

Five crypto firms were ordered to correct false representations stating or suggesting that certain crypto-related products are FDIC-insured.