Digital Assets

Custody & Infrastructure

Paxos, Sygnum to Offer Digital Asset Services in Singapore

By Editors | 11/03/2022

Paxos will gain a DPT licence under the Payment Services Act. Sygnum will provide fund unit tokenisation and securitise NFTs and metaverse assets.

CBDCs

US President Calls for Comprehensive Approach to Digital Assets

By Editors | 10/03/2022

The US Treasury and other agencies are directed to submit a series of reports within six months recommending a policy approach for digital assets.

PEPs & Sanctions

Japan to Freeze More Russian Assets, Block More Exports

By Editors | 08/03/2022

Japan has added 32 Russian and Belarusian officials and oligarchs to its sanctions list and will freeze the assets of an additional four banks.

PEPs & Sanctions

Singapore Sanctions Four Russian Banks, Imposes Other Restrictions

By Manesh Samtani | 06/03/2022

FIs that have relationships with the four banks must freeze their assets. DPT service providers are prohibited from facilitating sanctions evasion with crypto and NFTs.

Custody & Infrastructure

Thailand SEC Tightens Custody Rules for Digital Assets

By Mark Johnston | 05/03/2022

The SEC is also proposing requirements for digital asset businesses to disclose service quality information on their websites.

Tokenisation

US SEC Probes Whether NFTs Are Being Used Like Securities

By Editors | 05/03/2022

The SEC has reportedly sent subpoenas demanding information about NFT offerings that could be raising funds like traditional securities.

Anti-Money Laundering

KoFIU Directs Crypto Exchanges to Improve AML Staffing

By Sanday Chongo Kabange | 05/03/2022

The proportion of staff dedicated to AML compliance at Korea’s crypto exchanges stands at around 8 percent.

Tokenisation

SET to Launch Digital Asset Exchange ‘Very Soon’

By Editors | 03/03/2022

The new digital asset exchange will not offer cryptocurrency trading, but instead focus on investment tokens and utility tokens.

Cryptocurrency

India’s ASCI Issues Advertising Guidelines for Crypto Products

By Mark Johnston | 03/03/2022

All virtual asset-related ads released on or after 1 April must carry a disclaimer; Certain words associated with regulated products are will be prohibited.