Digital Assets

Cryptocurrency

Korean Authorities to Block, Investigate 16 Foreign Crypto Firms

By Editors | 21/08/2022

The unregistered foreign VASPs including KuCoin were referred for investigation and will have their websites and transactions blocked in Korea.

Custody & Infrastructure

Thailand: Crypto Custody Added as Distinct Licence Category

By Editors | 19/08/2022

Digital asset depository service providers already operating in Thailand have until 11 October to submit a licence application to the SEC.

Custody & Infrastructure

ASX, Zerocap Complete Digital Asset Custody POC

By Editors | 18/08/2022

The project will support custody on Synfini, ASX’s new DLT-as-a-Service platform, for any tokenised asset, including crypto.

Cryptocurrency

South Korea Launches Private-Public Taskforce on Digital Assets

By Sanday Chongo Kabange | 18/08/2022

The new taskforce will examine new legislation that ensures a “proper balance” between innovation, and investor protection and financial stability.

Cryptocurrency

Crypto Firm Hodlnaut Applies for Judicial Management in Singapore

By Editors | 18/08/2022

The alternative of forced liquidation would be a “suboptimal solution” that would require Hodlnaut to sell users’ cryptocurrencies at “depressed asset prices”.

Cryptocurrency

ASIC Concerned by Extent of Retail Investors Exposed to Crypto

By Editors | 18/08/2022

ASIC chair Joe Longo says better investor protections are needed after a survey of retail investors founr 44 percent were holding cryptocurrency.

Anti-Money Laundering

India Freezes Crypto Exchange Assets in Money Laundering Probe

By Mark Johnston | 18/08/2022

India’s Enforcement Directorate has frozen funds belonging to three crypto firms including the Indian arm of crypto lender Vauld.

Market Abuse

Korea FSS Targets Illegal Short Selling, FX Transactions

By Editors | 17/08/2022

October inspections will focus on firms with high volumes of short selling transactions. Probe into crypto-related FX transactions still underway.

Cryptocurrency

Fed Issues New Guidance to Banks Engaging in Crypto Activity

By Manesh Samtani | 17/08/2022

Banks seeking to engage in crypto-asset-related activities are directed to first notify their lead supervisory point of contact at the Federal Reserve.