CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Thai SEC Consults on Measures to Improve Investment Token Ecosystem

By Nithya Subramanian | 17/09/2024

Securities and futures firms will be allowed to carry out business involving cryptocurrency and investment tokens through separate legal entities.

Fintech / Regtech

More Than 40 Private Sector Firms Join BIS Project Agora

By Manesh Samtani | 17/09/2024

Seven central banks will work with more than 40 financial firms to explore how tokenisation can enhance wholesale cross-border payments.

Crypto / Digital Assets

Indonesian Crypto Exchange Indodax Suffers DPRK Hack

By Nithya Subramanian | 16/09/2024

Indonesia’s largest crypto exchange is facing losses of up to $20mn from a hack allegedly perpetrated by a North Korea-affiliated actor.

Crypto / Digital Assets

US SEC Fines eToro $1.5m for Not Registering Crypto Services

By Nithya Subramanian | 16/09/2024

As part of the settlement, eToro is required to delist 102 crypto tokens, leaving only Bitcoin, Bitcoin Cash, and Ether available to investors.

Crypto / Digital Assets

UK Introduces Bill to Clarify Legal Status of Digital Assets

By Thisanka Siripala | 16/09/2024

The legislation will formally classify crypto, NFTs and certain tokenised assets as property, enabling courts to more effectively handle disputes.

Crypto / Digital Assets

Ripple Considers Issuing Japanese Yen Stablecoin – Reports

By Thisanka Siripala | 12/09/2024

Ripple CEO Brad Garlinghouse hinted that Ripple could issue a yen stablecoin once its planned USD stablecoin is approved in the US.

Crypto / Digital Assets

Singapore Court Jails Crypto Firm Director for Ponzi Scheme

By Nithya Subramanian | 12/09/2024

Chen Wei, Director of A&A Blockchain Technology Innovation, has been sentenced to four years in prison for deceiving over 700 investors.

Crypto / Digital Assets

UK FCA Charges Man for Operating Illegal Crypto ATM Network

By Nithya Subramanian | 12/09/2024

The London resident is the first individual to be criminally prosecuted for unregistered crypto activity in the UK.

Crypto / Digital Assets

Indonesia’s OJK is Preparing New Tax Rules for Crypto – Report

By Nithya Subramanian | 10/09/2024

The new tax regulations are part of a transition of crypto supervision in Indonesia from Bappebti to OJK, expected by early 2025.