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

Cryptocurrency
Japan Orders Apple, Google to Block Unregistered Crypto Apps
By Thisanka Siripala | 08/02/2025
The FSA is targeting Bybit, MEXC Global, LBank Exchange, KuCoin, and Bitget, which have been operating without proper registration under Japan’s Payment Services Act.

Anti-Money Laundering
FATF Annual Report Highlights Crypto Loopholes as Key Threat
By Thisanka Siripala | 07/02/2025
Six years after the FATF strengthened its virtual asset standards, 97 out of 130 jurisdictions are still not fully compliant.

Cryptocurrency
FDIC “Actively Reevaluating” Supervisory Approach to Crypto
By Manesh Samtani | 07/02/2025
FDIC released correspondence with banks regarding crypto-related activities. Congress meanwhile held its first hearings about US debanking of crypto clients.

Cryptocurrency
US SEC Sets Out Priorities of New Crypto Task Force
By Thisanka Siripala | 06/02/2025
The priorities include clarifying how crypto assets are classified, providing clearer pathways for registration, and updating regulations for custodians

Cryptocurrency
Monochrome Group Registers Crypto ETFs in Singapore
By Nithya Subramanian | 06/02/2025
Monochrome’s Bitcoin and Ethereum ETFs have been registered with MAS as restricted schemes, making them accessible to accredited and institutional investors.

Cryptocurrency
US President Orders Creation of Sovereign Wealth Fund
By Thisanka Siripala | 06/02/2025
Analysts have speculated that the fund could be used to buy and hold digital assets, or to acquire a stake in Chinese-owned TikTok

Cryptocurrency
Indian Government Reviewing Stance on Cryptocurrencies – Report
By Nithya Subramanian | 05/02/2025
The government is planning to review a discussion paper on cryptocurrencies it had initially planned to release last September.

Cryptocurrency
Russia to Establish Registry for Crypto Mining Equipment
By Editors | 04/02/2025
Russia’s move to legalise crypto mining is part of broader efforts to create an additional mechanism to circumvent Western sanctions.

Anti-Money Laundering
Korea to Establish Cryptocrime Division at Seoul Prosecutors’ Office
By Editors | 04/02/2025
The Seoul Prosecutors’ Office launched a Virtual Asset Crime Joint Investigation Team in July 2023. The team is being formalised as a permanent division.

Tokenisation
Thai SEC Aiming to Fully Digitalise Bond Trading Using DLT
By Mark Johnston | 04/02/2025
The SEC plans to issue new regulations to facilitate the issuance of electronic securities and online trading of tokenised debt securities
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