Digital Assets

Tokenisation

Euroclear, Digital Asset Launch ‘Tokenised Collateral Mobility Initiative’

By Manesh Samtani | 28/02/2025

Euroclear is exploring how its experience in post-trade services can be extended into tokenised assets and digital collateral management.

Anti-Money Laundering

US Authorities Impose $505m AML Penalty on Crypto Firm OKX

By Nithya Subramanian | 27/02/2025

The DOJ said OKX did not implement required AML policies, enabling over USD 5 billion in suspicious transactions to flow through its platform.

Cryptocurrency

FSA Japan Proposes Stricter Rules for “Professional Token Sales”

By Thisanka Siripala | 27/02/2025

Professional token sales will be subject to requirements to disclose the technical structure of the asset, issuer information, and intended use of funds.

Trading & Investment

Hong Kong Unveils New Measures to Boost Status as Global Hub

By Manesh Samtani | 27/02/2025

HKEX is preparing for T+1 settlement and planning a new listing channel for technology firms. Government to issue new policy statement on virtual assets.

Anti-Money Laundering

KoFIU Partially Suspends Upbit’s Business Over AML Violations

By Mark Johnston | 27/02/2025

Upbit is prohibited from transferring virtual assets for new customers for three months. Disciplinary action also taken against 9 employees.

Emerging Prudential Risks

FSB to Prioritise Implementation of Post-Crisis Reforms

By Mark Johnston | 26/02/2025

The FSB will conduct a strategic review of 15 years of post-crisis reforms to identify areas for improvement in ensuring consistent, global implementation.

Cryptocurrency

Nigeria Sues Binance for Economic Losses and Back Taxes

By Nithya Subramanian | 25/02/2025

The tax authority contends that Binance has a “significant economic presence” in Nigeria, making it liable for corporate income tax.

Cryptocurrency

FSB Launches Thematic Review of Global Crypto Regulatory Framework

By Thisanka Siripala | 25/02/2025

The FSB is inviting feedback to evaluate progress made by countries in implementing its global regulatory framework for crypto-asset activities.

Fraud, Scams & Cybercrime

Bybit Falls Victim to $1.5bn Crypto Theft, the Largest in History

By Thisanka Siripala | 24/02/2025

The theft was reportedly orchestrated by North Korea’s Lazarus Group. Security experts are investigating how the self-custodial multi-sig wallet used by Bybit was compromised.