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

Cryptocurrency
Korea Sets Roadmap for Opening Crypto Market to Corporate Participation
By Manesh Samtani | 14/02/2025
Charities, universities and virtual asset exchanges will soon be allowed to sell crypto they receive as donations and fees.

Cryptocurrency
Hong Kong Permits Use of Crypto for Wealth Verification Under CIES
By Manesh Samtani | 14/02/2025
Cryptocurrency can be used in the wealth verification process to apply for the visa but is not among the “permissible assets” required to maintain the CIES visa status.

Cryptocurrency
US SEC Delays Outstanding Crypto Cases Pending Regulatory Clarity
By Mark Johnston | 13/02/2025
The US SEC agreed to pause court cases against Binance and Cumberland DRW while its new crypto task force formulates regulatory guidelines.

Fraud, Scams & Cybercrime
US Court Orders ‘My Big Coin’ Founder to Pay $7.6m in Restitution
By Mark Johnston | 12/02/2025
Randall Crater, previously sentenced to serve over eight years in prison, is required to pay victims who were defrauded in the “My Big Coin” scheme.

Cryptocurrency
US SEC Solicits Feedback on In-Kind Redemptions for Crypto ETFs
By Nithya Subramanian | 12/02/2025
This follows an application by Cboe BZX Exchange seeking permission for “in-kind” creations and redemptions for two ETFs

Capital Adequacy
HKMA Consults on Amendments to Banking Capital Rules
By Sanday Chongo Kabange | 12/02/2025
The amendments to certain definitions or provisions aim to enhance clarity and align with the Basel framework.

Cybersecurity
Korean Crypto Exchanges Urged to Bolster IT Security After Failures
By Thisanka Siripala | 12/02/2025
FSS inspections in the last two months found traffic surges overloaded exchange servers, highlighting the need for infrastructure upgrades.

Cryptocurrency
Japan Considers Stricter Disclosure Rules for Crypto Firms
By Thisanka Siripala | 12/02/2025
The proposed framework would require crypto firms to disclose financial and operational information like publicly traded companies.

Cryptocurrency
ESMA Issues Guidance to Align EU Approach to MiCA Authorisation
By Thisanka Siripala | 10/02/2025
National competent authorities should ensure outsourcing is not used to create “letter-box entities” or evade supervision.

Anti-Money Laundering
ByBit Pays $1m Penalty to Re-enter Indian Crypto Market
By Nithya Subramanian | 10/02/2025
Bybit has paid a penalty and registered with FIU-IND, after having suspended services in India last month.
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