Digital Assets

Anti-Money Laundering

Korea to Crack Down on ‘Tether Laundromat’ Schemes

By Mark Johnston | 13/05/2026

Police will intensify enforcement against unregistered crypto exchanges used to launder criminal proceeds, allocating new resources and partnering with KoFIU.

PEPs & Sanctions

Report Calls on US to Designate Hong Kong a ‘Money Laundering Concern’

By Manesh Samtani | 12/05/2026

Report alleges Hong Kong is a key hub for Iranian sanctions evasion and calls for action against the city’s banking and crypto sectors.

Cryptocurrency

Korea Mandates Registration for Overseas Crypto Transfers - Report

By Mark Johnston | 12/05/2026

A new law requires virtual asset service providers to register with the finance ministry, bringing cross-border flows under the country's foreign exchange controls.

Anti-Money Laundering

AUSTRAC Flags AI, Crypto Threats in Updated Risk Assessments

By Sanday Chongo Kabange | 12/05/2026

AUSTRAC has released updated risk assessments, highlighting the growing role of AI and crypto in illicit finance and detailing major AML reforms.

Cryptocurrency

Korea Confirms 2027 Launch of Crypto Tax Policy, Despite Critics

By Mark Johnston | 12/05/2026

The government will proceed with a 22 percent tax on crypto gains, despite criticism over fairness and the readiness of enforcement systems.

PEPs & Sanctions

US Treasury Pressures Binance on Iran Sanctions Compliance

By Editors | 11/05/2026

Treasury sent a letter to Binance demanding compliance with its monitoring programme, and requesting interviews with employees and access to records.

Cryptocurrency

Korea's Bithumb Partners With Vietnam Brokerage for Crypto Licence

By Manesh Samtani | 11/05/2026

Korea's second-largest cryptocurrency exchange signed an MOU with a subsidiary of Vietnam's largest securities firm SSI Securities.

Cryptocurrency

Korea Exchange Announced Plans to Pursue Crypto Derivatives

By Mark Johnston | 11/05/2026

KRX has announced plans to introduce virtual asset derivatives as part of a strategy to develop Busan into a global financial hub.

Capital Adequacy

Hong Kong Finalises Capital Rule Changes for Insurers

By Sanday Chongo Kabange | 10/05/2026

The Insurance Authority has finalised changes to its risk-based capital regime, introducing incentives for infrastructure investment and new rules for digital assets.