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Reporting on regulatory frameworks, enforcement actions, adoption trends, and risks associated with decentralised digital currencies like Bitcoin and Ethereum.

Cryptocurrency
US SEC’s Binance Suit Delays Korea Gopax Acquisition
By Sanday Chongo Kabange | 08/06/2023
The FSC has suspended planned management changes at crypto trading platform Gopax, which was acquired by Binance in February.

Stablecoins
MAS Grants Major Payment Institution Licence to Circle
By Ranamita Chakraborty | 07/06/2023
Circle said receiving the licence is a “significant step forward” for the firm and the future of financial infrastructure and dollar digital currencies in Asia.

Fraud, Scams & Cybercrime
Hong Kong: Going Digital Caused Scams to Rise 45.1% in 2022
By Karen Ng | 07/06/2023
Data compiled by law firm Freshfield Bruckhaus Deringer shows that Hong Kong deception cases grew 45.1 percent in 2022.

Cryptocurrency
Philippine SEC Delayed Roll-out of Crypto Rules Last Year Due to FTX
By Sanday Chongo Kabange | 07/06/2023
The SEC was ready to issue a new regulatory framework for crypto assets late last year, but decided to delay its release to incorporate lessons from the FTX collapse.

Cryptocurrency
Cboe Granted Approval to Clear Margined Crypto Futures
By Sanday Chongo Kabange | 07/06/2023
To date, Cboe has offered trading and clearing of Bitcoin and Ether futures only on a fully collateralised basis.

Cryptocurrency
US SEC Seeks Emergency Freeze on Binance Assets
By Manesh Samtani | 07/06/2023
The emergency motion comes a day after the SEC charged Binance and its CEO for alleged securities law violations.

Cryptocurrency
Hong Kong Firms Launch Virtual Asset Rating Agency
By Editors | 06/06/2023
The Hong Kong Virtual Assets Consortium will provide a ratings service for crypto asset exchanges and exchange-traded products.

Cryptocurrency
Russia Drops Plan to Establish National Crypto Exchange
By Mark Johnston | 06/06/2023
The country now plans to create rules that will enable multiple crypto trading platforms to be established and conduct cross-border transactions.

Cryptocurrency
US SEC Charges Coinbase for Alleged Securities Law Violations
By Manesh Samtani | 06/06/2023
Ten US states separately accused Coinbase of securities law violations. CEO Brian Armstrong said the SEC lawsuit will help establish clarity around crypto rules.

Cryptocurrency
US Lawmakers Propose Crypto Bill to Clarify SEC, CFTC Oversight Roles
By Mark Johnston | 06/06/2023
The bill would create a new category of regulated entities under the CFTC called digital commodity exchanges.
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