Crypto / Digital Assets

    Crypto / Digital Assets

    BOK Seeks Legal Authority to Regulate Stablecoins

    By Editors | 17/12/2022

    BOK says stablecoins pegged to foreign currencies should be subject to foreign exchange laws, while those pegged to the Korean won should fall under the central bank’s regulatory remit.

    Crypto / Digital Assets

    Ant Group Embeds e-CNY Processing in Alipay Digital Wallet

    By Editors | 17/12/2022

    The integration of third party payments platforms is expected to boost e-CNY adoption while preventing the displacement of existing players in China’s payments sector.

    Crypto / Digital Assets

    Australia Seeks Input on Strategic Plan for Payments System

    By Manesh Samtani | 15/12/2022

    The government will also empower the RBA to regulate digital wallet providers and improve the regulatory framework for crypto service providers.

    Crypto / Digital Assets

    Hong Kong to List First Crypto Futures ETFs on 16 Dec

    By Editors | 15/12/2022

    The ETFs are being launched by CSOP Asset Management, one linked to Bitcoin futures and the other to Ether futures traded on the CME.

    Fintech / Regtech

    HashKey, ZA International to Cooperate on Digital Assets

    By Editors | 14/12/2022

    The two groups will cooperate on digital assets, Web3 and DLT. ZA International recently unveiled plans to tokenise its ZA Coin.

    AML / KYC

    FTX Founder Arrested, Charged by SEC, SDNY, CFTC

    By Sanday Chongo Kabange | 14/12/2022

    US authorities have charged Sam Bankman-Fried for defrauding customers, investors, lenders, and campaign finance violations.

    Crypto / Digital Assets

    SFC Issues Fresh Warning About Virtual Asset Risks

    By Editors | 14/12/2022

    The SFC warns that virtual asset platforms may on-lend customer assets or them in investment or other activities, which could potentially lead to a “total loss”.

    Crypto / Digital Assets

    US SEC Directs Issuers to Detail Exposures to Crypto and Related Impacts

    By Editors | 13/12/2022

    Separately, US senators asked banking regulators to provide details on banks that have engaged in crypto-related services.

    Crypto / Digital Assets

    EU Commission Proposes New Tax Transparency Rules for Crypto

    By Editors | 13/12/2022

    New requirements to report crypto-asset, e-money and digital currency transactions are expected to enter into force on 1 January 2026.

    Crypto / Digital Assets

    FTX Japan Authorised to Continue Operating to Repay Customers

    By Editors | 13/12/2022

    The FSA had ordered FTX Japan to suspend business operations by 9 December. The extension until 9 March 2023 will allow it to return funds to users.

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