Crypto / Digital Assets

Crypto / Digital Assets

Illicit Activity in Crypto is Decreasing, TRM Labs Finds

By Thisanka Siripala | 20/01/2025

Illicit activity in crypto decreased in 2024 as a proportion of total transactions, but ransomware, fraud, and sanctions related threats continue to persist

Enforcement

Upbit Facing Potential Business Restrictions for AML Noncompliance

By Mark Johnston | 19/01/2025

South Korea’s largest cryptocurrency exchange is facing restrictions on conducting business with new customers for up to three months

Crypto / Digital Assets

MAS Unveils Scheme to Drive Digital Bond Issuance in Singapore

By Nithya Subramanian | 18/01/2025

The three schemes enhance tokenisation, promote green financing, and support companies raising capital in Singapore’s bond market.

Crypto / Digital Assets

SFC Extends ‘Swift Licensing Process’ to New VATP Applicants

By Sanday Chongo Kabange | 17/01/2025

The SFC released a circular detailing the new licensing process as well as inspection findings identifying deficiencies in VATP systems and processes.

Crypto / Digital Assets

Malaysia to Develop New Policy for Cryptocurrency and Blockchain

By Nithya Subramanian | 17/01/2025

Prime Minister Anwar Ibrahim announced plans to formulate a digital finance policy, which will be placed before the Cabinet for further deliberation.

Crypto / Digital Assets

US, Japan, S Korea Issue Joint Warning Over DRPK Crypto Thefts

By Thisanka Siripala | 17/01/2025

North Korea’s cyber programme threatens the integrity and stability of the international financial system, the joint statement says

Crypto / Digital Assets

Canton Network Initiates Collateral Management Project for Crypto Derivatives

By Manesh Samtani | 17/01/2025

The project is being launched in partnership with Digital Asset and QCP to address collateral management inefficiencies in the crypto derivatives market

Crypto / Digital Assets

US Supreme Court Denies Binance Petition on Securities Law Applicability

By Mark Johnston | 16/01/2025

The US Supreme Court has rejected a request to review whether US securities laws apply to Binance, which doesn’t have a physical location

AML / KYC

US Fines Crypto Firm BitMEX $100m for AML Violations

By Nithya Subramanian | 16/01/2025

The Justice Department said the penalty sends a clear message that companies which violate AML and KYC rules will face strict consequences.