Crypto / Digital Assets

Crypto / Digital Assets

Terraform, Do Kwon Agree $4.6b Settlement With US SEC

By Editors | 13/06/2024

The settlement comes after a New York jury in April found Terraform Labs and Do Kwon liable on civil fraud charges.

Fintech / Regtech

Benefits of Tokenisation Are “Overexaggerated”: WFE Paper

By Nithya Subramanian | 13/06/2024

The WFE says tokenisation work should continue, but that some of the benefits claimed are “overexaggerated”.

Crypto / Digital Assets

Thailand Revokes Crypto Licence Due to Regulatory Failures

By Nithya Subramanian | 12/06/2024

The SEC said the Minister of Finance has agreed to revoke Zipmex’s digital asset business licence to prevent damage to customers.

Crypto / Digital Assets

Australia Bans Use of Crypto, Credit for Online Gambling

By Editors | 12/06/2024

Cryptocurrencies, credit cards, and other new forms of credit cannot be used as payment methods for online gambling.

Crypto / Digital Assets

FSC Korea to Establish Dedicated Virtual Assets Division

By Editors | 12/06/2024

The new division is being created as a temporary organisation to establish an effective disciplinary system for the virtual asset market.

Crypto / Digital Assets

FSS Korea Hosts First Industry Workshop on New Crypto Law

By Manesh Samtani | 11/06/2024

The workshop, and future workshops, are intended to ensure the “smooth implementation” of the Virtual Asset User Protection Act in July.

Crypto / Digital Assets

HSBC China Launches e-CNY Services for Corporate Clients

By Sanday Chongo Kabange | 11/06/2024

HSBC China has become one of the first foreign banks in the country to provide digital yuan services to both corporate and retail customers.

Crypto / Digital Assets

Korea Sets Guidelines on Treatment of NFTs Under New Law

By Manesh Samtani | 11/06/2024

NFTs that are not unique, produced in large quantities, split into fractional units, or used in payments will be regulated under the new Virtual Asset User Protection Act.

Crypto / Digital Assets

VASP Business Closures Not Being Handled Properly: KoFIU

By Manesh Samtani | 07/06/2024

More VASPs are expected to close ahead of the Virtual Asset User Protection Act coming into effect on 19 July, KoFIU said.