Digital Assets

Cryptocurrency

SFC Permits VATPs to Offer Crypto Staking Services to Clients

By Manesh Samtani | 07/04/2025

VATPs can provide staking as a service to clients, including retail clients. SFC-authorised virtual asset funds can also stake virtual asset holdings.

Cryptocurrency

Japan Amendments to Reclassify Crypto Expected in 2026

By Thisanka Siripala | 04/04/2025

The change would make trading in crypto based on insider information illegal, as is the case with stocks and other financial products.

PEPs & Sanctions

OFAC Sanctions Two More Iran-Linked Circumvention Networks

By Manesh Samtani | 04/04/2025

A China-based motor manufacturer and a Hong Kong-based ship operator were included in the sanctions.

Stablecoins

Thailand Launches G-Token Initiative to Attract Retail Investors

By Nithya Subramanian | 01/04/2025

The initiative will involve transforming government bond assets into so-called G-Tokens and allowing access for retail investors.

Cryptocurrency

Thai SEC Files Criminal Complaints Against Crypto Firms OKX and XT.COM

By Nithya Subramanian | 31/03/2025

The SEC alleges that OKX and XT.COM promoted their platforms to Thai investors without proper authorisation, in violation of the Digital Asset Act.

Tokenisation

SFC Approves Launch of “World’s First” Tokenised Money Market ETF

By Manesh Samtani | 29/03/2025

HashKey and Bosera said the new ETFs will provide investors an instrument that “balances traditional stability with the agility and flexibility of digital assets”.

Tokenisation

Thai SEC Relaxes Rules to Allow Tokenisation of Carbon Credits

By Manesh Samtani | 29/03/2025

Digital asset businesses can provide services for carbon credits, RECs, and carbon allowances in a “ready-to-use digital token format”

Capital Adequacy

MAS Consults on Adoption of BCBS Crypto Standards

By Nithya Subramanian | 28/03/2025

MAS seeks feedback on eligible reserve assets for unbacked cryptocurrencies, and proposes that AT1 and T2 capital instruments issued to retail investors shouldn’t count as regulatory capital.

Cryptocurrency

Taiwan’s FSC Releases Draft Law to Govern VASPs

By Nithya Subramanian | 28/03/2025

The Virtual Asset Service Act covers VASP licensing and operational requirements, stablecoin issuance, and penalties for non-compliance.