Digital Assets

Cryptocurrency

MAS Grants Major Payment Institution License to OKX

By Nithya Subramanian | 03/09/2024

OKX also appointed a former MAS official as its Singapore CEO, saying the city-state is a core market for its global strategy.

Fraud, Scams & Cybercrime

Indian Court Orders Takedown of Scam Crypto Websites

By Ajoy K Das | 03/09/2024

The order was granted after crypto firm Mudrex filed legal action to stop investors being scammed by websites using its name and brand.

PEPs & Sanctions

China Payments Becoming Increasingly Difficult for Russia

By Editors | 02/09/2024

Chinese banks are returning payments for goods already shipped; Chinese exporters asking for pre-payments; UAE banks rejecting payments for Russia-China trade.

Cryptocurrency

Nasdaq Seeks Regulatory Approval to Launch Bitcoin Options

By Editors | 31/08/2024

Nasdaq said the options will enable investors to hedge their cryptocurrency investments. NYSE also applied for a similar approval earlier this year.

Cryptocurrency

New Zealand to Implement Global Tax Reporting Framework for Crypto

By Jaya Prakash Balakrishnan | 31/08/2024

New Zealand crypto firms will start reporting user and transaction data to the Inland Revenue Department by 30 June 2027.

Custody & Infrastructure

Taiwan Allows Foreign Investors to Designate Multiple Custodians

By Editors | 31/08/2024

Foreign institutional investors are now allowed to appoint up to four custodians to handle their dealings in Taiwan securities markets.

Custody & Infrastructure

WFE Offers Recommendations on Crypto Custody Practices

By Editors | 30/08/2024

The recommendations draw lessons from traditional finance to guide crypto custody providers in creating a safer space for investors.

Cryptocurrency

BCBS Paper Warns of Risks in Permissionless DLT Systems

By Manesh Samtani | 30/08/2024

New working paper describes the risks associated with permissionless DLT, highlighting the need for banks to adopt robust risk management strategies.

Cryptocurrency

US SEC Settles Charges Against Crypto Firm Abra

By Editors | 30/08/2024

The SEC said Abra operated as an unregistered investment company and sold a retail crypto asset lending product that should have been registered.