CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Taiwan to Implement New VASP Registration System on 30 November

By Editors | 03/11/2024

The FSC is also drafting a new special law for virtual assets, covering areas such as licensing, consumer protection, capital requirements, and trading behaviour.

Sanctions

BIS Announces Decision to Exit mBridge CBDC Project

By Editors | 03/11/2024

Agustín Carstens said BIS is not leaving mBridge because of political considerations but instead because it is “at a level where the partners can carry it on by themselves.”

Enforcement

Global Operation Dismantles Major Malware Operations: Eurojust

By Nithya Subramanian | 02/11/2024

Authorities shut down servers and seized domains linked to RedLine and META, which stole personal data from millions of victims worldwide.

Crypto / Digital Assets

FTX’s Former Engineering Director Spared Prison Time

By Nithya Subramanian | 01/11/2024

Nishad Singh has avoided prison time after cooperating with prosecutors. But the court has ordered him to pay $11bn in restitution.

Crypto / Digital Assets

MAS Grants In-Principle Approval to Crypto Firm Gemini

By Nithya Subramanian | 01/11/2024

The licence will allow Gemini to provide cross-border money transfers and digital payment token services in Singapore.

Crypto / Digital Assets

Hong Kong’s ZA Bank Starts Trials for New Crypto Trading Service

By Sanday Chongo Kabange | 30/10/2024

ZA Bank CEO Ronald Iu said the trial demonstrates the digital bank’s commitment to supporting the wider development of virtual assets in Hong Kong.

Crypto / Digital Assets

BSP Grants Virtual Assets Authorisation to GoTyme Bank

By Sanday Chongo Kabange | 30/10/2024

GoTyme is only the second bank to be given authorisation to explore the potential introduction of digital asset services for customers.

Crypto / Digital Assets

Hong Kong Considering Tax Breaks to Promote Virtual Asset Market

By Manesh Samtani | 30/10/2024

Christopher Hui said the government will introduce further tax concessions for fund managers and family offices to promote the development of certain asset classes, including virtual assets.

Crypto / Digital Assets

BOCHK Becomes First Bank to Use mBridge to Automate Remittances

By Sanday Chongo Kabange | 30/10/2024

BOCHK says it has completed the first fully automated cross-border remittance via mBridge and will continue to do so for selected corporate customers.