Cryptocurrency

Cryptocurrency

Korea to Impose Bank-Level Liability on Crypto Exchanges After Hack

By Sanday Chongo Kabange | 11/12/2025

Regulators are pushing for no-fault compensation and tougher penalties for crypto platforms following a multi-million dollar cybertheft at Upbit.

Cryptocurrency

Hong Kong Consults on Crypto Tax Reporting Framework, Stricter FI Penalties

By Sanday Chongo Kabange | 10/12/2025

The plan includes mandatory registration for crypto service providers and financial institutions, with automatic data exchange scheduled to begin in 2028.

Anti-Money Laundering

FinCEN Fines Paxful $3.5m for "Egregious" and "Wilful" AML Failures

By Manesh Samtani | 10/12/2025

The peer-to-peer crypto platform had "egregious" AML failures, enabling transactions linked to North Korea, ransomware, and terrorist financing.

Cryptocurrency

Coinbase Reopens India Onboarding After Two-Year Pause

By Nithya Subramanian | 10/12/2025

Following its registration with FIU-IND, Coinbase is rebuilding its India operations and planning a phased launch of rupee on-ramps in 2026.

Anti-Money Laundering

Korea to Bolster Crypto AML Rules, Introduce Account Freezing System

By Sanday Chongo Kabange | 09/12/2025

KoFIU will strengthen cross-border rules and introduce a system to suspend suspicious accounts amid a crackdown on transnational crime.

Anti-Money Laundering

Basel AML Index Offers New Guidance on Risk and Crypto as Global Progress Stalls

By Manesh Samtani | 09/12/2025

The annual index reveals a global drift to the middle on money laundering risk, with new guidance for firms on proportionate controls and virtual assets.

Anti-Money Laundering

Thailand Cracks Down on Chinese Bitcoin Mining Tied to THB 5bn Flows

By Mark Johnston | 09/12/2025

Thailand's “Operation Copperhead” has exposed a transnational Bitcoin mining ring, triggering focus on money laundering and digital asset crime.

Tokenisation

China Declares RWA Tokenisation 'Illegal Financial Activity'

By Mark Johnston | 08/12/2025

A joint warning from seven industry bodies clarifies the legal status of RWA and extends liability to domestic staff of overseas firms.

Payments & Settlements

Cambodia Central Bank Announces Full Liquidation of Huione Pay

By Mark Johnston | 08/12/2025

The National Bank of Cambodia has announced the complete liquidation of payment firm Huione Pay following its licence revocation in September 2024.