CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Cambodia Issues New Regulatory Framework for Crypto

By Manesh Samtani | 30/12/2024

Banks can only have direct exposure to Group 1 cryptoassets. Services offered to customers can include other cryptoassets.

Sanctions

Russia Already Using Bitcoin in Foreign Trade Transactions – Reports

By Editors | 30/12/2024

Russian Finance Minister said bitcoin  is already being used in foreign trade transactions as part of a new “experimental regime”.

Crypto / Digital Assets

Thailand Grants Second Digital Asset Custodian Licence

By Editors | 28/12/2024

The digital asset custodian licence was granted to Rakkar, part of SCBX Group’s venture capital arm.

Crypto / Digital Assets

US SEC Fines Unit of Jump Trading Over TerraUSD Collapse

By Editors | 21/12/2024

The SEC said Tai Mo Shan Limited deceived the market about TerraUSD’s stability while purchasing the stablecoin to restore its peg.

Crypto / Digital Assets

SFC Issues Circular Offering Clarity on VATP Licensing Process

By Sanday Chongo Kabange | 19/12/2024

VATP applicants can receive conditional licenses with restrictions that can only be lifted after a second-phase assessment process.

Crypto / Digital Assets

ESMA Releases Last Batch of Policy Documents for MiCA

By Editors | 19/12/2024

The new package includes standards on preventing market abuse and guidelines on suitability and crypto-asset transfer services.

Crypto / Digital Assets

Hong Kong SFC Grants Four New Virtual Asset Licences

By Sanday Chongo Kabange | 19/12/2024

The SFC said the licences were granted under its “swift licensing process” for handling deemed-to-be-licensed VATP applicants

Crypto / Digital Assets

OFAC Sanctions Two for Funnelling Illicit Proceeds to North Korea

By Editors | 18/12/2024

The two individuals are part of a network led by Sim Hyon Sop, a sanctioned China-based banking representative who helps North Korea launder money.

Enforcement

ASIC Sues Binance Over Misclassification of Retail Clients

By Editors | 18/12/2024

Binance offered crypto derivative products to over 500 Australian retail investors who were misclassified as wholesale clients.