Crypto / Digital Assets

Crypto / Digital Assets

Thai SEC Advances Work to Revamp Rules for Crypto Firms

By Editors | 08/09/2022

The SEC will appoint a working group to consider amendments to the regulatory framework. Separately, it has filed a police complaint against Zipmex.

Fintech / Regtech

Korea to Launch KRX-Operated Digital Securities Market

By Editors | 07/09/2022

Security token guidelines will be published in Q4 2022, and rule changes will be made next year to establish a system for issuance and distribution.

AML / KYC

UK OFSI Updates Sanctions Guidance to Include Crypto

By Editors | 07/09/2022

Crypto firms are directed to freeze assets of targets listed under the Consolidated List and report suspected sanctions breaches to the OFSI.

Crypto / Digital Assets

Digital Dollar Project Launching Sandbox to Explore CBDC

By Editors | 06/09/2022

The programme is slated to begin in early October with a focus on cross-border payments. The initial participants will be Digital Asset, EMTECH, Knox Networks, and Ripple.

Crypto / Digital Assets

Korea’s Busan City Forms Partnerships with FTX, Binance

By Editors | 05/09/2022

FTX will assist in the establishment of the Busan Digital Asset Exchange. Both FTX and Binance will support the development of Busan’s local blockchain industry.

Enforcement

Thai SEC Penalises Bitkub CTO for Insider Trading Violations

By Editors | 05/09/2022

Bitkub’s CTO bought the company’s own digital token, KUB Coin, based on inside information about a proposed acquisition by Siam Commercial Bank.

Crypto / Digital Assets

India: Four Public Sector Banks to Run CBDC Pilot

By Editors | 05/09/2022

The RBI has reportedly asked State Bank of India, Punjab National Bank, Union Bank of India and Bank of Baroda to run a CBDC pilot internally.

Crypto / Digital Assets

New Crypto Advertising Rules Take Effect in Thailand

By Editors | 04/09/2022

Crypto firms with advertising already on display have 30 days to amend their advertisements to achieve compliance with the new rules.

Crypto / Digital Assets

FBI Calls on DeFi Platforms to Bolster Safeguards Against Theft

By Editors | 04/09/2022

DeFi platforms are asked to institute real time analytics, monitoring, rigorous code testing, and incident response plans.