Cryptocurrency

Cryptocurrency

Malaysia SC Orders Crypto Firm Huobi to Cease Local Operations

By Ranamita Chakraborty | 24/05/2023

Huobi is directed to stop advertising to Malaysian investors and to remove its app from local app stores.

Cryptocurrency

IOSCO Proposes First-Ever Global Regulations for Crypto Market

By Ranamita Chakraborty | 24/05/2023

The recommendations cover activities including offering, admission to trading, ongoing trading, settlement, market surveillance and custody, and retail distribution.

Anti-Money Laundering

Japan to Enforce Travel Rule for Crypto from 1 June

By Ranamita Chakraborty | 24/05/2023

The FSA had already issued rules for travel rule implementation, but a definitive date for enforcement had not been set until now.

Cryptocurrency

SFC Finalises Licensing Regime for Crypto Trading Platforms

By Sanday Chongo Kabange | 24/05/2023

The SFC will start accepting licence applications from virtual asset trading platforms starting 1 June.

Cryptocurrency

Korea to Vote on Bill Requiring Crypto Disclosures by Politicians

By Karen Ng | 23/05/2023

The amendments, if passed, will require all public officials and candidates to disclose their crypto assets.

Cryptocurrency

Indian Crypto Firms Call for UPI Access to be Restored

By Karen Ng | 22/05/2023

The calls for UPI access to be restored come after India’s government added virtual assets to the country’s Prevention of Money Laundering Act in March.

Fraud, Scams & Cybercrime

China’s Top Prosecutor Warns of NFT-related Fraud and Risks

By Karen Ng | 22/05/2023

The Supreme People’s Procuratorate said prohibiting transactions in cryptocurrencies is an important safeguard for the digital collectibles industry.

Fraud, Scams & Cybercrime

Westpac Blocks Payments to Crypto Firms, Including Binance

By Sanday Chongo Kabange | 22/05/2023

Westpac said the move could save millions after it found that a third of all scam payments were transferred directly to crypto exchanges.

Cryptocurrency

NYAG Fines Crypto Wallet Provider for Misleading Investors

By Editors | 21/05/2023

Coin Cafe had advertised free wallet storage for Bitcoin, but then routinely charged and increased its fees “without properly informing investors”.