Crypto / Digital Assets

Crypto / Digital Assets

Korea: K Bank Submits Emergency Plan to FSS

By Thisanka Siripala | 08/04/2025

The FSS had requested the emergency plan amid concerns about the high concentration of funds related to Upbit deposited in K Bank.

Crypto / Digital Assets

Japan’s SMBC Establishes Agreement to Commercialise Stablecoin

By Thisanka Siripala | 08/04/2025

SMBC signed an MoU with TIS, Ava Labs and Fireblocks to develop a framework for stablecoin issuance and circulation.

Crypto / Digital Assets

SFC Permits VATPs to Offer Crypto Staking Services to Clients

By Manesh Samtani | 07/04/2025

VATPs can provide staking as a service to clients, including retail clients. SFC-authorised virtual asset funds can also stake virtual asset holdings.

Crypto / Digital Assets

Japan Amendments to Reclassify Crypto Expected in 2026

By Thisanka Siripala | 04/04/2025

The change would make trading in crypto based on insider information illegal, as is the case with stocks and other financial products.

Sanctions

OFAC Sanctions Two More Iran-Linked Circumvention Networks

By Manesh Samtani | 04/04/2025

A China-based motor manufacturer and a Hong Kong-based ship operator were included in the sanctions.

AML / KYC

AUSTRAC Puts Crypto ATM Providers on Notice

By Sanday Chongo Kabange | 01/04/2025

AUSTRAC said it will take action against crypto ATM providers that don’t comply with Australia’s AML regime.

Crypto / Digital Assets

Thailand Launches G-Token Initiative to Attract Retail Investors

By Nithya Subramanian | 01/04/2025

The initiative will involve transforming government bond assets into so-called G-Tokens and allowing access for retail investors.

Crypto / Digital Assets

Thai SEC Files Criminal Complaints Against Crypto Firms OKX and XT.COM

By Nithya Subramanian | 31/03/2025

The SEC alleges that OKX and XT.COM promoted their platforms to Thai investors without proper authorisation, in violation of the Digital Asset Act.

Crypto / Digital Assets

SFC Approves Launch of “World’s First” Tokenised Money Market ETF

By Manesh Samtani | 29/03/2025

HashKey and Bosera said the new ETFs will provide investors an instrument that “balances traditional stability with the agility and flexibility of digital assets”.