Crypto / Digital Assets

Crypto / Digital Assets

US Prosecutors Will Not Pursue Second Trial for FTX Founder

By Nithya Subramanian | 02/01/2024

The DOJ said a second trial to address additional charges against Sam Bankman-Fried would delay sentencing and provide no benefit to victims.

Crypto / Digital Assets

Indonesia Requires Crypto Exchanges to Register with National Bourse

By Mark Johnston | 02/01/2024

Crypto exchanges operating in Indonesia will have to register with the country’s new national exchange for digital assets.

AML / KYC

Philippines Tightens Travel Rule Requirements for Crypto

By Editors | 01/01/2024

VASPs are expected to obtain, verify, and hold originator and beneficiary information for transactions with unhosted wallets regardless of the amount involved.

Crypto / Digital Assets

Bank Indonesia to Trial Digital Rupiah in 2024

By Editors | 29/12/2023

Based on feedback to a Jan 2023 consultation paper, Bank Indonesia has decided to proceed with a series of experiments to develop a digital rupiah.

AML / KYC

India Blocks Nine Crypto Exchanges for Failure to Register

By Ajoy K Das | 29/12/2023

Binance, Kucoin and Huobi are among the platforms that have been blocked in India for not registering as reporting entities.

Crypto / Digital Assets

China Call for Crackdown on Foreign Exchange Crimes

By Editors | 29/12/2023

The use of cryptocurrencies as a tool for foreign exchange trading is illegal in China, authorities said.

Crypto / Digital Assets

Korea to Boost Transparency of Crypto Holdings by Officials

By Editors | 28/12/2023

Members of the public will soon be able to access information on public officials’ crypto holdings via an electronic system.

Crypto / Digital Assets

Hong Kong Opens Consultation on Regulatory Regime for Stablecoins

By Manesh Samtani | 28/12/2023

Hong Kong will implement a licensing regime that will require issuers of fiat-backed stablecoins that meet certain conditions to be licensed by the HKMA.

Crypto / Digital Assets

Chinese Authorities Dismantle $2.2b Underground Banking Operation

By Editors | 27/12/2023

The operation involved the use of overseas crypto platforms to exchange foreign currency. 74 suspects were arrested and their electronic devices and bank cards seized.