Digital Assets

Anti-Money Laundering

Korean Crypto Firms Face AML Inspections, Disclosure Rules

By Sanday Chongo Kabange | 06/02/2023

The inspections will prioritise high-volume crypto businesses with high money laundering risks. The disclosure system will cover issuance, listing and circulation.

Structural Regulation

Indonesia OJK Launches Five Year Capital Market Roadmap

By Editors | 06/02/2023

The roadmap has five pillars, each comprising several action plans. Separate rules will be established for digital assets with the characteristics of securities.

Fraud, Scams & Cybercrime

Korea: Man Arrested for Allegedly Stealing Bithumb Funds

By Editors | 06/02/2023

Kang Jong-Hyun is suspected of conspiring to manipulate the stock price of Bithumb affiliates and steal KRW 60 billion in company funds.

Anti-Money Laundering

New York Woman Charged for Financing Terrorist Groups With Crypto

By Editors | 06/02/2023

The case is one of the rare cases worldwide where cryptocurrency is alleged to have financed terrorism, said Manhattan District Attorney Alvin Bragg.

Tokenisation

FSC Korea Details Plans to Introduce Security Token Regulations

By Manesh Samtani | 06/02/2023

Investors are expected to be able to trade security tokens in 2024 through the digital platforms of major securities firms. General investors will be subject to investment limits.

Anti-Money Laundering

US Authorities Probe Crypto Bank Silvergate Over FTX Dealings

By Editors | 06/02/2023

The criminal probe is said to be focused on Silvergate’s dealings with the now-bankrupt FTX and Alameda Research, and its hosting of accounts tied to both companies.

Trading & Investment

KRX Outlines Key Strategies to Boost Market Appeal in 2023

By Editors | 06/02/2023

The strategies include allowing night-time derivatives trading, a change to the dividend system, new derivatives product launches, and a new market for digital securities.

Cryptocurrency

Australian Treasury Issues Token Mapping Consultation Paper

By Manesh Samtani | 06/02/2023

The paper distinguishes four major types of crypto-related products to help conceptualise how they might fit within existing regulatory frameworks.

Supervision & Enforcement

Singapore, Brunei to Deepen Cooperation on Banking, Insurance Supervision

By Editors | 04/02/2023

New MoU will deepen cooperation by facilitating information exchange and cross border on-site inspections between the two jurisdictions.