Digital Assets

Anti-Bribery & Corruption

Korean Prosecutors Probe “Illegal” Crypto Token Listings

By Editors | 22/03/2023

A Bithumb executive, former Coinone employee, and other crypto exchanges are said to have illegally listed crypto tokens on their platforms.

Cryptocurrency

Taiwan Cabinet to Expand FSC’s Remit to Crypto Sector

By Editors | 22/03/2023

The FSC will focus on the segregation of customer assets at crypto exchanges, the supervision of token listings, and customer protection.

Anti-Bribery & Corruption

Korea: Ex-Coinone Executive Arrested Over Crypto Listings

By Editors | 21/03/2023

The former executive allegedly almost $1.5mn from brokers to list a specific cryptocurrency on the Coinone trading platform.

Stablecoins

Mastercard Working on Integration to Enable Stablecoin Spending

By Sanday Chongo Kabange | 21/03/2023

The Mastercard-Stables project will allow users to spend stablecoin balances on everyday purchases without first converting it to fiat.

Anti-Money Laundering

Upbit’s Azman Hamid Discusses Travel Rule Adoption in APAC

By Editors | 21/03/2023

Upbit’s Azman Hamid discusses the UAE’s addition to the FATF grey list and APAC’s implementation of the FATF recommendations on virtual assets.

Resolution & Recovery

Flagstar Bank to Assume Signature Bank Deposits, FDIC Says

By Editors | 21/03/2023

The New York Community Bancorp subsidiary will assume “substantially all” the deposits of Signature Bank and buy $12.9bn of its loans at a discount.

Stablecoins

Gibraltar’s Xapo Bank to “Fully Integrate” with USDC Stablecoin

By Mark Johnston | 20/03/2023

Users can send USDC using USD funds in their Xapo Bank accounts, with no fees incurred. Any USDC received is instantly converted to dollars.

Cryptocurrency

Ripple’s Rahul Advani Discusses Regulatory Landscape for Digital Assets

By Editors | 20/03/2023

Rahul Advani, Policy Director for APAC at Ripple, discusses the regulatory landscape for digital assets and the potential for a globally harmonised framework.

Tokenisation

SFC Grants First In-Principle Approval to STO Platform

By Editors | 19/03/2023

The approval was granted to Signum Digital Limited, a joint venture between Coinstreet Holdings and Somerley Capital Holdings.