Crypto / Digital Assets

Crypto / Digital Assets

OFAC Redesignated Tornado Cash to Link to DPRK WMD Programme

By Editors | 10/11/2022

The August designation did not connect Tornado Cash to North Korea’s nuclear programme.

Crypto / Digital Assets

Binance Backs Out of FTX Deal, Citing Regulatory Probes

By Manesh Samtani | 10/11/2022

The US DOJ, SEC and CFTC are investigating FTX over its crypto lending products, handling of customer funds, and relationship with its US entity.

Crypto / Digital Assets

StanChart to Consider Offering Retail Crypto Services in Hong Kong

By Editors | 10/11/2022

CEO Bill Winters said Standard Chartered Bank will consider offering crypto trading services to Hong Kong retail customers.

Crypto / Digital Assets

HSBC to Launch Tokenisation Platform for Digital Bond Issuance

By Editors | 09/11/2022

HSBC said the European Investment Bank is exploring using the platform to issue the market’s first-ever GBP tokenised bond.

Crypto / Digital Assets

Philippines: Union Bank Starts Offering Crypto Services

By Editors | 09/11/2022

Union Bank’s digital asset platform, developed by Swiss firm Metaco, went live last week, offering trading in bitcoin and ether.

Capital / Liquidity

Binance Signs Non-Binding Agreement to Acquire Rival FTX

By Editors | 09/11/2022

The non-binding agreement comes amid a liquidity crunch at FTX, prompted by $6bn of withdrawals in the 72 hours before Tuesday morning.

Crypto / Digital Assets

US Court Rules Crypto Firm LBRY Sold Unregistered Securities

By Manesh Samtani | 09/11/2022

Industry watchers say the ruling could have implications for the SEC’s suit against Ripple, which was charged in December 2020 with selling unregistered securities.

Crypto / Digital Assets

Thai SEC: Revised IT Security Rules to Take Effect in July 2023

By Editors | 08/11/2022

The SEC has strengthened the obligations of capital markets and digital assets firms to supervise and manage the risks to their IT systems.

Crypto / Digital Assets

Regulatory Dynamics for FinTech in Asia Pacific

By Ian Herbison | 08/11/2022

Ian Herbison and Saskia Kendall discuss three dynamics shaping the APAC FinTech industry and the need for partnership between the public and private sectors.