Digital Assets

Custody & Infrastructure

KoFIU Outlines Expectations for VASPs Facing Business Closure

By Editors | 22/11/2023

VASPs planning to terminate their services should give users at least one month notice and ensure users’ assets are protected.

Cryptocurrency

Crypto Firm Bittrex Global Announces Decision to Cease Operations

By Sanday Chongo Kabange | 22/11/2023

While Bittrex Global did not specify a reason for the decision, regulatory uncertainty is seen as the biggest factor.

Tokenisation

‘Standardisation’ Key to Regulating Tokenised Financial Assets 

By Jill Wong | 22/11/2023

The tokenisation of financial assets should be guided by regulations that emphasise the ability to predict cash flows, says Ralf Kubli of the Casper Association.

Tokenisation

ICMA Offers Analysis of Risk Disclosures Used to Issue DLT-based Bonds

By Editors | 22/11/2023

The analysis identifies additional risk factors that feature in bond offering documents to address risks specific to the use of DLT.

Anti-Money Laundering

US Authorities Secure Multi-Billion Dollar Settlement from Binance

By Editors | 21/11/2023

Binance CEO Changpeng Zhao stepped down as part of the settlement with DOJ, FinCEN, OFAC and CFTC. SEC case not mentioned.

Cryptocurrency

Japan FSA Amends Crypto Rules to Address Group Risks

By Manesh Samtani | 21/11/2023

Crypto exchanges with overseas parent companies will have to disclose additional information, particularly if common systems are used.

Cryptocurrency

SEC Charges Crypto Firm Kraken for Operating Without Registration

By Editors | 21/11/2023

The SEC said Kraken’s failure to register deprived investors of “significant protections” and “safeguards against conflicts of interest”.

Cryptocurrency

MAS Grants In-Principle Approval to Crypto Firm XREX

By Mark Johnston | 21/11/2023

The in-principle approval encompasses six payment services. Last week, MAS also granted in-principle approvals to three stablecoin issuers.

Cryptocurrency

Industry Takes Tough Stance Against Unfair Trading Practices in Crypto

By Ranamita Chakraborty | 20/11/2023

Panellists at the Singapore FinTech Festival said regulators can work with the industry to address unfair trading practices.