CRYPTO / DIGITAL ASSETS

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    Crypto / Digital Assets

    FSC Korea to Establish Dedicated Virtual Assets Division

    By Editors | 12/06/2024

    The new division is being created as a temporary organisation to establish an effective disciplinary system for the virtual asset market.

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    Crypto / Digital Assets

    FSS Korea Hosts First Industry Workshop on New Crypto Law

    By Manesh Samtani | 11/06/2024

    The workshop, and future workshops, are intended to ensure the “smooth implementation” of the Virtual Asset User Protection Act in July.

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    Crypto / Digital Assets

    HSBC China Launches e-CNY Services for Corporate Clients

    By Sanday Chongo Kabange | 11/06/2024

    HSBC China has become one of the first foreign banks in the country to provide digital yuan services to both corporate and retail customers.

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    Crypto / Digital Assets

    Korea Sets Guidelines on Treatment of NFTs Under New Law

    By Manesh Samtani | 11/06/2024

    NFTs that are not unique, produced in large quantities, split into fractional units, or used in payments will be regulated under the new Virtual Asset User Protection Act.

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    Crypto / Digital Assets

    VASP Business Closures Not Being Handled Properly: KoFIU

    By Manesh Samtani | 07/06/2024

    More VASPs are expected to close ahead of the Virtual Asset User Protection Act coming into effect on 19 July, KoFIU said.

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    Crypto / Digital Assets

    Thai SEC Grants First Approval for Bitcoin ETF

    By Editors | 07/06/2024

    The ETF will operate under a fund-of-funds structure, allocating investments across major global Bitcoin funds.

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    Crypto / Digital Assets

    Japan FSA Directs Crypto Firm to Report on $300m Theft

    By Editors | 06/06/2024

    The FSA directed DMM Bitcoin to investigate and report on the cause of the theft. The government will monitor these efforts and “respond appropriately”.

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    Crypto / Digital Assets

    Project mBridge Ready for Live Transactions by Early Adopters

    By Manesh Samtani | 06/06/2024

    Private sector firms are invited to further develop the multi-CBDC platform by proposing new solutions and use cases.

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    AML / KYC

    US Authorities Arrest Epoch Times CFO for Money Laundering

    By Editors | 06/06/2024

    The DOJ alleges Weidong Guian participated in a “sprawling, transnational scheme” to launder $67mn million of crime proceeds.

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    Crypto / Digital Assets

    No Penalty for Block Earner, Australian Court Rules

    By Sanday Chongo Kabange | 05/06/2024

    The Federal Court said Block Earner will not have to pay a penalty as it acted “honestly” before offering its “Earner” product.

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