Digital Assets

Cryptocurrency

FSC Korea Imposes First Unfair Trading Penalty in Crypto Market

By Nithya Subramanian | 04/09/2025

The FSC has imposed its first fine on unfair virtual asset trading and referred suspects to prosecutors for market manipulation and fraud.

Market Abuse

Kakao Risks Losing Control of Kakao Bank Over Regulatory Breach

By Sanday Chongo Kabange | 04/09/2025

A potential criminal penalty could force the tech giant to sell down its majority stake in its digital bank due to shareholder eligibility rules.

Cryptocurrency

Crypto Exchanges Targeting Australia's Super Fund Market - Report

By Editors | 04/09/2025

Coinbase and OKX are launching services for self-managed superannuation funds, testing a key market despite a sceptical stance from regulators.

Tokenisation

Chinese SOE Issues First Publicly Tradeable Tokenised Bond

By Sanday Chongo Kabange | 04/09/2025

This is the first time tokenised securities created on a public blockchain have been formally listed for trading on traditional financial exchanges.

Stablecoins

South Korea's Kbank to Develop Stablecoin-based Payment Services

By Sanday Chongo Kabange | 04/09/2025

The internet-only bank aims to develop stablecoin-based cross-border payment and remittance services, eyeing expansion in Asia and the Middle East.

PEPs & Sanctions

Sanctioned Chinese Bank Stops Processing Russia Payments - Reports

By Sanday Chongo Kabange | 03/09/2025

Heihe Rural Commercial Bank has halted Russia payments after EU sanctions prompted other Chinese banks to refuse to accept funds from the bank.

Cryptocurrency

MAS Grants Straits Millennium Licence to Offer Crypto Services

By Nithya Subramanian | 03/09/2025

The MPI license will enable Straits Millennium to provide regulated cryptocurrency trading services to institutional clients.

Cryptocurrency

South Korea to Issue CARF Implementation Rules This Month - Reports

By Manesh Samtani | 03/09/2025

New rules will require Korean VASPs to automatically share cross-border transaction data with foreign tax authorities, covering all activities from 2026.

CBDCs

Korea to Pilot CBDC for KRW 110 Trillion Subsidy Programme

By Editors | 03/09/2025

BOK will partner with select commercial banks willing to invest in the CBDC project and related technology and infrastructure.