Digital Assets

Cryptocurrency

Cambodia Issues New Regulatory Framework for Crypto

By Manesh Samtani | 30/12/2024

Banks can only have direct exposure to Group 1 cryptoassets. Services offered to customers can include other cryptoassets.

Cryptocurrency

Russia Already Using Bitcoin in Foreign Trade Transactions – Reports

By Editors | 30/12/2024

Russian Finance Minister said bitcoin  is already being used in foreign trade transactions as part of a new “experimental regime”.

Custody & Infrastructure

Thailand Grants Second Digital Asset Custodian Licence

By Editors | 28/12/2024

The digital asset custodian licence was granted to Rakkar, part of SCBX Group’s venture capital arm.

PEPs & Sanctions

US Imposes More Sanctions Targeting Iran’s Oil Trade & Yemen’s Houthis

By Editors | 22/12/2024

The sanctions targets include companies based in Hong Kong, Malaysia and India. Five cryptocurrency wallets were also added to the SDN list.

Stablecoins

US SEC Fines Unit of Jump Trading Over TerraUSD Collapse

By Editors | 21/12/2024

The SEC said Tai Mo Shan Limited deceived the market about TerraUSD’s stability while purchasing the stablecoin to restore its peg.

Custody & Infrastructure

SFC Issues Circular Offering Clarity on VATP Licensing Process

By Sanday Chongo Kabange | 19/12/2024

VATP applicants can receive conditional licenses with restrictions that can only be lifted after a second-phase assessment process.

Cryptocurrency

ESMA Releases Last Batch of Policy Documents for MiCA

By Editors | 19/12/2024

The new package includes standards on preventing market abuse and guidelines on suitability and crypto-asset transfer services.

Cryptocurrency

Hong Kong SFC Grants Four New Virtual Asset Licences

By Sanday Chongo Kabange | 19/12/2024

The SFC said the licences were granted under its “swift licensing process” for handling deemed-to-be-licensed VATP applicants

PEPs & Sanctions

OFAC Sanctions Two for Funnelling Illicit Proceeds to North Korea

By Editors | 18/12/2024

The two individuals are part of a network led by Sim Hyon Sop, a sanctioned China-based banking representative who helps North Korea launder money.