Cryptocurrency

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

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    Cryptocurrency

    FSC Korea to Launch Virtual Asset Committee This Month

    By Editors | 18/09/2024

    The committee will discuss issues including a second stage of legislation for the virtual asset market and potential approval of spot crypto ETFs in Korea.

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    Cryptocurrency

    Switzerland’s SIX Explores Launching Crypto Exchange

    By Thisanka Siripala | 18/09/2024

    The platform is expected to cater to the growing institutional interest in the crypto space, rather than retail investors.

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    Tokenisation

    Thai SEC Consults on Measures to Improve Investment Token Ecosystem

    By Nithya Subramanian | 17/09/2024

    Securities and futures firms will be allowed to carry out business involving cryptocurrency and investment tokens through separate legal entities.

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    Cryptocurrency

    US SEC Fines eToro $1.5m for Not Registering Crypto Services

    By Nithya Subramanian | 16/09/2024

    As part of the settlement, eToro is required to delist 102 crypto tokens, leaving only Bitcoin, Bitcoin Cash, and Ether available to investors.

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    Cryptocurrency

    UK Introduces Bill to Clarify Legal Status of Digital Assets

    By Thisanka Siripala | 16/09/2024

    The legislation will formally classify crypto, NFTs and certain tokenised assets as property, enabling courts to more effectively handle disputes.

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    Stablecoins

    Ripple Considers Issuing Japanese Yen Stablecoin – Reports

    By Thisanka Siripala | 12/09/2024

    Ripple CEO Brad Garlinghouse hinted that Ripple could issue a yen stablecoin once its planned USD stablecoin is approved in the US.

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    Fraud, Scams & Cybercrime

    Singapore Court Jails Crypto Firm Director for Ponzi Scheme

    By Nithya Subramanian | 12/09/2024

    Chen Wei, Director of A&A Blockchain Technology Innovation, has been sentenced to four years in prison for deceiving over 700 investors.

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    Anti-Money Laundering

    UK FCA Charges Man for Operating Illegal Crypto ATM Network

    By Nithya Subramanian | 12/09/2024

    The London resident is the first individual to be criminally prosecuted for unregistered crypto activity in the UK.

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    Cryptocurrency

    Indonesia’s OJK is Preparing New Tax Rules for Crypto – Report

    By Nithya Subramanian | 10/09/2024

    The new tax regulations are part of a transition of crypto supervision in Indonesia from Bappebti to OJK, expected by early 2025.

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    Cryptocurrency

    Thai SEC Amends Rules on Use of Digital Assets in Payments

    By Nithya Subramanian | 10/09/2024

    The regulatory changes allow digital asset business operators to participate in the central bank’s Programmable Payment Sandbox.

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