Digital Assets

Fraud, Scams & Cybercrime

Thailand Extradites Crypto Fraud Suspect to China

By Editors | 27/08/2024

The Malaysian national is the first suspect to be sent from Thailand to China under an extradition treaty that took effect in 1999.

Cryptocurrency

Australian Court Rules Kraken Violated Regulatory Requirements

By Sanday Chongo Kabange | 26/08/2024

The court ruled that the crypto firm failed to comply with design and distribution obligations when offering a margin trading product.

DeFi & Web3

DBS Concludes Blockchain Pilot to Streamline Grant Disbursements

By Ranamita Chakraborty | 25/08/2024

The programmable grant disbursement pilot used smart contracts to automate and streamline grant disbursements by Enterprise Singapore.

Stablecoins

Circle Proposes New Capital Management Model for Stablecoins

By Ranamita Chakraborty | 25/08/2024

The proposed framework seeks to provide a comprehensive approach to managing the unique challenges faced by stable value tokens such as stablecoins.

Cryptocurrency

Korean Regulators Inspect Monitoring Systems for Crypto Market

By Manesh Samtani | 23/08/2024

Inspections found that Korea’s big-five crypto exchanges have established dedicated teams and systems to detect and respond to abnormal trading activities.

Custody & Infrastructure

SFC Finds ‘Unsatisfactory Practices’ at Some Crypto Firms

By Editors | 23/08/2024

The SFC found an overreliance on just a few executives for custody and inadequate safeguards against cybercrime risks.

Payments & Settlements

IMF Paper Highlights Untapped Potential of Programmability

By Ranamita Chakraborty | 22/08/2024

The paper proposes a framework for understanding programmability in payment and settlement systems.

Fraud, Scams & Cybercrime

Polish National Arrested in Montenegro for Crypto Fraud

By Mark Johnston | 22/08/2024

Both Poland and South Korea are seeking the extradition of crypto founder Roman Zimian to face fraud and money laundering charges.

Fraud, Scams & Cybercrime

ASIC Has Shut Over 7,300 Scam Websites in One Year

By Sanday Chongo Kabange | 20/08/2024

Since July 2023, ASIC has taken down over 5,530 fake investment platform scams, 1,065 phishing scam hyperlinks and 615 crypto investment scams.