Digital Assets

Anti-Money Laundering

Korea Blocks 17 Unregistered Crypto Exchanges on Google Play

By Nithya Subramanian | 28/03/2025

KoFIU requested that 17 VASPs be blocked on Google Play as they don’t have a domestic registration as required under Korean law.

Fraud, Scams & Cybercrime

Malaysian Banking Sector Takes Effective Steps to Avert Scams: BNM

By Nithya Subramanian | 26/03/2025

The NFP has reduced the time taken to identify suspected fraud transactions by 75% and increased identification of mule accounts by 65%.

Cryptocurrency

KoFIU Probing Foreign Crypto Exchanges Targeting Korean Users

By Mark Johnston | 26/03/2025

KoFIU is gathering evidence for damages cases against five foreign crypto exchanges operating without registration.

Fraud, Scams & Cybercrime

Crypto Scams Highlight ‘Digital Pivot’ in Money Laundering Tradecraft

By Nathan Lynch | 26/03/2025

The growth of cryptocurrency as a mainstream investment asset class has highlighted the need for new thinking in the fight against fraud and financial crime, writes Nathan Lynch.

PEPs & Sanctions

Crypto Industry Seeking More Guidance on Sanctions Implementation

By Manesh Samtani | 25/03/2025

A lack of guidance for the virtual asset industry is undermining the effectiveness of sanctions, according to roundtable participants.

Trading & Investment

Colombo Stock Exchange Partners with India’s NCDEX for Derivatives Trading

By Nithya Subramanian | 25/03/2025

The two will jointly bid for setting up a derivative exchange at the Colombo Port City, and also develop new products in Sri Lanka.

Tokenisation

Thai SEC Exempts Fund Managers from Digital Asset Licence

By Thisanka Siripala | 24/03/2025

The new rules aim to integrate traditional financial institutions into the digital asset investment ecosystem.

PEPs & Sanctions

OFAC Removes Crypto Mixer Tornado Cash from Sanctions List

By Manesh Samtani | 24/03/2025

The decision follows a court decision that Tornado Cash’s smart contracts do not qualify as ‘property’ under the IEEPA.

Custody & Infrastructure

Australia Outlines Next Steps for Digital Asset Regulation

By Thisanka Siripala | 24/03/2025

A framework for digital asset platforms will be established, covering trading platforms, custody products, some brokerage arrangements, and certain other services.