Cryptocurrency

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

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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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