Crypto / Digital Assets

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”.

ESG / Sustainability

Thai SEC Relaxes Rules to Allow Tokenisation of Carbon Credits

By Manesh Samtani | 29/03/2025

Digital asset businesses can provide services for carbon credits, RECs, and carbon allowances in a “ready-to-use digital token format”

Crypto / Digital Assets

MAS Consults on Adoption of BCBS Crypto Standards

By Nithya Subramanian | 28/03/2025

MAS seeks feedback on eligible reserve assets for unbacked cryptocurrencies, and proposes that AT1 and T2 capital instruments issued to retail investors shouldn’t count as regulatory capital.

Crypto / Digital Assets

Taiwan’s FSC Releases Draft Law to Govern VASPs

By Nithya Subramanian | 28/03/2025

The Virtual Asset Service Act covers VASP licensing and operational requirements, stablecoin issuance, and penalties for non-compliance.

Crypto / Digital Assets

Korea Blocks 17 Unregistered Crypto Exchanges on Google Play

By Nithya Subramanian | 28/03/2025

KoFIU requested that 17 VASPs be blocked on Google Play as they don’t have a domestic registration as required under Korean law.

Enforcement

KoFIU Probing Foreign Crypto Exchanges Targeting Korean Users

By Mark Johnston | 26/03/2025

KoFIU is gathering evidence for damages cases against five foreign crypto exchanges operating without registration.

Crypto / Digital Assets

Crypto Scams Highlight ‘Digital Pivot’ in Money Laundering Tradecraft

By Nathan Lynch | 26/03/2025

The growth of cryptocurrency as a mainstream investment asset class has highlighted the need for new thinking in the fight against fraud and financial crime, writes Nathan Lynch.

Sanctions

Crypto Industry Seeking More Guidance on Sanctions Implementation

By Manesh Samtani | 25/03/2025

A lack of guidance for the virtual asset industry is undermining the effectiveness of sanctions, according to roundtable participants.