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

Fraud, Scams & Cybercrime
FTX Sues Binance to Recover $1.8b in Alleged Fraudulent Transfers
By Nithya Subramanian | 14/11/2024
FTX has filed a lawsuit against Binance and its former CEO, Changpeng Zhao, seeking to reclaim $1.8bn from a 2021 share buyback deal.

Cryptocurrency
Korea’s New Virtual Asset Committee Holds First Meeting
By Nithya Subramanian | 11/11/2024
A key issue discussed was enabling corporate entities to participate in the domestic virtual asset market rather than using overseas platforms.

Cryptocurrency
Taiwan: New Rules for Crypto to Enter into Force in Jan 2025
By Editors | 11/11/2024
The new rules will cover VASP registration, custody of fiat currency, information security, complaints handling, record keeping, and other areas.

Custody & Infrastructure
Anchorage Digital Secures Crypto Licence in Singapore
By Mark Johnston | 11/11/2024
The licence enables Anchorage Digital to offer custody, staking, trading, and settlement services for crypto in Singapore, along with fiat on and off ramps.

Cryptocurrency
Japan to Introduce New Legislation to Safeguard Crypto Assets
By Thisanka Siripala | 08/11/2024
Legislation will require foreign-based crypto exchanges facing financial distress to maintain crypto assets belonging to domestic investors in Japan.

Cryptocurrency
Major Japanese FIs Call on FSA to Allow Crypto ETFs
By Thisanka Siripala | 07/11/2024
MUFJ Trust Bank, Nomura, Daiwa Securities, and bitFlyer are among calling for the introduction of crypto ETFs in Japan to enhance its global competitiveness.

Cryptocurrency
Hong Kong Broker to Launch ‘Virtual Asset Structured Products’
By Editors | 06/11/2024
Victory Securities said the SFC has granted it approval to market and distribute “cash-settled virtual asset structured products” to qualified professional investors.

Cryptocurrency
Hong Kong’s OSL Group Expanding to Japan via Acquisition
By Thisanka Siripala | 06/11/2024
OSL Group is acquiring an 81 percent stake in Japanese crypto exchange CoinBest, enabling it to enter the Japanese market.

Market Abuse
Korea to Prosecute Unfair Trading Case Involving Virtual Assets
By Editors | 05/11/2024
This is the first case of unfair trading referred for prosecution since the Virtual Asset User Protection Act came into force in July.

Anti-Money Laundering
Regulation Asia Awards for Excellence 2024 – Results Announcement
By Editors | 05/11/2024
Regulation Asia held its 7th annual Awards ceremony on 4 November 2024. Here we announce the winners in each category.
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