Digital Assets

Fraud, Scams & Cybercrime

Hong Kong Court Sets Precedent for Crypto Transparency

By Manesh Samtani | 19/08/2024

The court ordered defendants in a crypto fraud and mismanagement case to provide detailed information about their holdings and transactions.

Anti-Money Laundering

Binance is Registered with Indian FIU, Ending Seven Month Ban

By Ajoy K Das | 16/08/2024

Binance said the registration underscores its commitment to adhering to AML standards and fostering a secure, transparent, and efficient ecosystem.

Cryptocurrency

US IRS Publishes Updated Tax Reporting Form for Crypto

By Editors | 15/08/2024

The updated Form 1099-DA, which will start to apply in early 2026, is more streamlined than the version proposed in April.

Stablecoins

Ripple Starts Testing Stablecoin for Cross-border Payments

By Editors | 15/08/2024

Ripple plans to use both “RLUSD” and XRP in cross-border payments to serve global customers and “dramatically improve their experience”.

Cryptocurrency

Eurex Expands Crypto Derivatives Suite to Include Ethereum

By Editors | 15/08/2024

Eurex has launched Ethereum futures and options, adding to its crypto derivatives portfolio which has so far only covered Bitcoin.

Stablecoins

Three Arrows Capital Sues Terraform Labs for Crypto Losses

By Editors | 14/08/2024

Liquidators for the failed crypto hedge fund say TerraForm Labs induced Three Arrows to purchase TerraUSD and Luna through market manipulation.

Custody & Infrastructure

DBS Pilots New Blockchain-Powered Treasury Management Platform

By Nithya Subramanian | 14/08/2024

DBS said Ant International will pilot the platform, reducing the time taken to settle cross-border intra-group transactions to seconds.

Custody & Infrastructure

MAS Grants MPI License to Crypto Custody Firm BitGo

By Nithya Subramanian | 14/08/2024

BitGo will be able to provide institutional clients with secure digital asset transactions through its insured cold storage custody platform.

Tokenisation

The Path Forward: Making Tokenisation a Reality in Singapore

By Justin Christopher | 13/08/2024

Justin Christopher discusses the importance of robust collaboration between businesses and regulators, and aspects of DLT that are often overlooked.