CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Korea Pushes Forward Work on Digital Asset Basic Act

By Manesh Samtani | 11/06/2025

The Act will introduce business conduct and internal control standards for crypto firms as well as licensing and capital requirements for stablecoins.

Crypto / Digital Assets

Hong Kong’s New Stablecoin Law to Commence Operation on 1 August

By Sanday Chongo Kabange | 10/06/2025

The stablecoin ordinance passed in May will take effect on 1 August, subject to negative vetting of the legislative notice.

AML / KYC

Beijing Issues Framework for Liquidating Seized Crypto vis Hong Kong

By Manesh Samtani | 09/06/2025

Under the framework, third-party agencies will be appointed to sell seized crypto assets through licensed platforms in Hong Kong.

Crypto / Digital Assets

SEC Philippines Finalises Regulatory Framework for Crypto Industry

By Mark Johnston | 09/06/2025

SEC mandates registration and licensing for crypto asset service providers (CASPs) to enhance consumer protection and combat fraud.

Crypto / Digital Assets

Thailand SEC Waives Fees on ESG Bonds and Digital Tokens Issuance

By Nithya Subramanian | 09/06/2025

The SEC has waived application and filing fees for three years to promote ESG finance and support the country’s creative sector.

Enforcement

Hong Kong ICAC Charges Former Bank RM Over Fake Credit Letters

By Editors | 09/06/2025

The former bank relationship manager allegedly accepted $470,000 worth of Tether as a bribe to authenticate fake standby L/Cs and collateral letters.

Crypto / Digital Assets

Taiwan Crypto Exchange BitoPro Suffers $11.5m Hack

By Editors | 08/06/2025

The FSC’s Securities and Futures Bureau said Bito Group, the operator of BitoPro, must absorb the financial loss and cannot pass it on to users.

Crypto / Digital Assets

MAS Issues Clarification on DTSP Regulatory Regime

By Manesh Samtani | 06/06/2025

Existing licensed firms are not impacted by the new rules, which target firms that exclusively serve overseas clients from Singapore.

Crypto / Digital Assets

Hong Kong Official Outlines Vision for Virtual Asset Development

By Manesh Samtani | 06/06/2025

Christopher Hui outlines Hong Kong’s vision for virtual asset development, emphasising security, innovation, and a multi-pronged strategy for growth.