Cryptocurrency

Cryptocurrency

Korean Supreme Court Uphold Jail Sentence of Crypto Trader

By Editors | 09/01/2025

The decision has brought clarity on the definition of a virtual asset business operator under South Korean law

Anti-Money Laundering

China FX Regulator Directs Banks to Ramp Up Risk Monitoring

By Manesh Samtani | 08/01/2025

Banks are asked to monitor for and report illegal cross-border financial activities involving underground banks, cross-border gambling, and virtual currencies

Market Abuse

CFTC Settles Lawsuit Against Crypto Exchange Gemini for $5m

By Editors | 08/01/2025

The CFTC’s 2022 lawsuit had accused Gemini of providing inaccurate information about the manipulation risks of a proposed Bitcoin futures product

Market Abuse

Seoul Prosecutors File First Charges Under New Crypto Law

By Manesh Samtani | 07/01/2025

Two individuals were arrested and indicted for manipulating virtual assets. A third individual fled overseas.

Cryptocurrency

Japan FSA Outlines Tax Reform Proposals for Fiscal 2025

By Editors | 04/01/2025

The FSA aims to enhance the NISA system, simplify procedures related to tax treaties, and lower the tax on cryptocurrency gains.

PEPs & Sanctions

South Korea Imposes Sanctions Against DPRK IT Workers

By Editors | 03/01/2025

The sanctions target IT workers who have been earning foreign currency for the North Korean government

Cryptocurrency

OJK Indonesia Issues Regulations for Digital Asset Trading

By Manesh Samtani | 03/01/2025

OJK is adopting Bappebti regulations, with refinements, to ensure continuity as it transitions into the new regulatory body for Indonesia’s crypto sector.

Cryptocurrency

Philippine SEC Proposes New Regulatory Framework for Crypto

By Manesh Samtani | 02/01/2025

The rules cover capital requirements, consumer protection, disclosures and marketing, AML compliance, market abuse, and cybersecurity.

DeFi & Web3

US Finalises Tax Reporting Rules for DeFi Brokers

By Editors | 02/01/2025

Brokers of digital assets including DeFi platforms have to report the gross proceeds from digital asset sales or exchanges facilitated for customers.