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Enforcement
Upbit Facing Potential Business Restrictions for AML Noncompliance
By Mark Johnston | 19/01/2025
South Korea’s largest cryptocurrency exchange is facing restrictions on conducting business with new customers for up to three months

Crypto / Digital Assets
MAS Unveils Scheme to Drive Digital Bond Issuance in Singapore
By Nithya Subramanian | 18/01/2025
The three schemes enhance tokenisation, promote green financing, and support companies raising capital in Singapore’s bond market.

Crypto / Digital Assets
SFC Extends ‘Swift Licensing Process’ to New VATP Applicants
By Sanday Chongo Kabange | 17/01/2025
The SFC released a circular detailing the new licensing process as well as inspection findings identifying deficiencies in VATP systems and processes.

Crypto / Digital Assets
Malaysia to Develop New Policy for Cryptocurrency and Blockchain
By Nithya Subramanian | 17/01/2025
Prime Minister Anwar Ibrahim announced plans to formulate a digital finance policy, which will be placed before the Cabinet for further deliberation.

Crypto / Digital Assets
US, Japan, S Korea Issue Joint Warning Over DRPK Crypto Thefts
By Thisanka Siripala | 17/01/2025
North Korea’s cyber programme threatens the integrity and stability of the international financial system, the joint statement says

Crypto / Digital Assets
Canton Network Initiates Collateral Management Project for Crypto Derivatives
By Manesh Samtani | 17/01/2025
The project is being launched in partnership with Digital Asset and QCP to address collateral management inefficiencies in the crypto derivatives market

Crypto / Digital Assets
US Supreme Court Denies Binance Petition on Securities Law Applicability
By Mark Johnston | 16/01/2025
The US Supreme Court has rejected a request to review whether US securities laws apply to Binance, which doesn’t have a physical location

AML / KYC
US Fines Crypto Firm BitMEX $100m for AML Violations
By Nithya Subramanian | 16/01/2025
The Justice Department said the penalty sends a clear message that companies which violate AML and KYC rules will face strict consequences.

Crypto / Digital Assets
US Appeals Court Orders SEC to Explain Denial of Coinbase Petition
By Thisanka Siripala | 15/01/2025
The court said the SEC must provide a more complete explanation for its decision but did not order it to undertake a rulemaking process

Capital / Liquidity
FSC Korea Includes Crypto Measures in Work Plan for 2025
By Editors | 14/01/2025
The annual work plan also includes measures to support market stability and the real economy, promote innovation in the financial industry, and enhance the capital market.
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