FINTECH / REGTECH

Crypto / Digital Assets

FATF Calls on Jurisdictions to Bolster Efforts on Crypto Supervision

By Manesh Samtani | 27/06/2025

FATF issued its latest progress report on the implementation of AML/CFT measures for virtual assets and a best practice paper for Travel Rule implementation.

Crypto / Digital Assets

Hong Kong Issue Second Policy on Digital Assets Development

By Sanday Chongo Kabange | 27/06/2025

The new policy statement introduces the “LEAP” framework, building on the first policy statement issued in October 2022.

Crypto / Digital Assets

Stablecoins Fall Short of Sound Money Principles: BIS

By Nithya Subramanian | 27/06/2025

However, a “tokenised unified ledger” can enhance efficiency and unlock new possibilities in cross-border payments, securities markets and beyond.

Fintech / Regtech

MAS, ABS Launch Entity to Govern Singapore’s Payment Schemes

By Nithya Subramanian | 26/06/2025

The new not-for-profit entity, formed by MAS and several D-SIBs, will transition to full operational readiness by end-2026.

Crypto / Digital Assets

The Nobitex Hack: A New Frontier in Geopolitical Crypto Warfare

By Nathan Lynch | 26/06/2025

The attack on Iran’s Nobitex exchange signals a new era of politically motivated crypto hacks, posing unique challenges for risk and compliance teams.

Crypto / Digital Assets

Japan FSA Reviews Regulatory Framework for Crypto Assets

By Manesh Samtani | 25/06/2025

Japan’s FSA proposes to reclassify crypto as financial products, potentially paving the way for Bitcoin ETFs and a flat 20% capital gains tax.

Crypto / Digital Assets

South Korea’s Banking Sector Pushes for Stablecoin Issuance

By Thisanka Siripala | 25/06/2025

The Korea Federation of Banks has proposed stablecoin issuance, regulatory reform, and enhanced autonomy in a report to the presidential transition team.

Enforcement

Thailand Cracks Down on Cross-border Scams Linked to Cambodia

By Nithya Subramanian | 25/06/2025

The Prime Minister announced five measures, including tighter border controls, a digital crackdown on mule accounts and suspension of key exports to Cambodia.

Fintech / Regtech

RBI’s Anti-Fraud Data Platform Could be Live Within “Months”

By Nithya Subramanian | 25/06/2025

India’s central bank is developing the prototype in consultation with banks and the platform will become operational in the next few months.