Cryptocurrency

Stablecoins

Singapore Finalises Regulatory Framework for Stablecoins

By Ranamita Chakraborty | 15/08/2023

Stablecoin issuers will have to meet specific requirements on reserve assets, capital, liquid assets and disclosure to become licensed in Singapore.

Cryptocurrency

SFC Grants ‘Approval In-Principle’ to HKVAX for Virtual Asset Trading

By Editors | 14/08/2023

Hong Kong’s SFC grants “in-principle” approval to HKVAX, the first given since the VATP licences granted to HashKey and OSL earlier this month.

Anti-Money Laundering

RUSI Publishes Virtual Assets Risk Assessment Guide

By Editors | 12/08/2023

The guide offers a ‘virtual assets risk assessment framework’, as well as risk mitigation strategies and best practices.

Cryptocurrency

US SEC to Settle Case Against Crypto Firm Bittrex for $24m

By Editors | 11/08/2023

Bittrex and its co-founder and former CEO agreed to settle the SEC case for $24mn. The firm previously said it was exiting the US market due to a lack of regulatory clarity.

Anti-Money Laundering

US Senators Reintroduce Digital Asset Anti-Money Laundering Act

By Editors | 10/08/2023

The bill, if enacted, would require firms to start reporting crypto transactions exceeding $10,000 after 18 months.

Fraud, Scams & Cybercrime

Indian Police Busts Crypto-Ponzi Scheme Worth Over $120m

By Mark Johnston | 09/08/2023

The scheme targeted individuals across various regions of India, encouraging them to invest in a fraudulent crypto token known as STA.

Fraud, Scams & Cybercrime

Crypto CEO Charged in South Korea for Fraud, Embezzlement

By Editors | 09/08/2023

Bitsonic CEO Jinwook Shin manipulated computer records to inflate prices and trading volumes, and defraud investors.

Cryptocurrency

MAS Grants Blockchain.com Major Payment Institution License

By Ranamita Chakraborty | 08/08/2023

Blockchain.com has become the twelfth cryptocurrency exchange in Singapore to be granted a crypto-dealing license, enabling it to provide services to accredited investors and institutions.

Custody & Infrastructure

Australia Expected to Consult on Crypto Rules Within Weeks – Report

By Editors | 08/08/2023

The rules are expected to cover crypto custody and licensing for exchanges, as well as obligations for crypto firms to protect customer funds.