Crypto / Digital Assets

AML / KYC

HKMA Issues Two Consultations on Rules for Stablecoin Issuers

By Sanday Chongo Kabange | 27/05/2025

The first consultation proposes regulatory standards for stablecoin issuers seeking authorisation. The second proposes AML/CFT requirements.

Capital / Liquidity

Industry Bodies Urge BCBS to Reconsider Cryptoasset Standard

By Manesh Samtani | 27/05/2025

Ten trade associations call for revisions to the BCBS cryptoasset standard, citing inconsistent implementation and arguing that it will hinder DLT use cases.

Crypto / Digital Assets

Korea FSS Warns Young Crypto Users of Penalties Under New Law

By Thisanka Siripala | 26/05/2025

The FSS said crypto investors may still be held liable for violations even if they are unaware of the law or are following prior trading practices.

Crypto / Digital Assets

Stablecoins Offer Faster, Cheaper Cross-border Payments: BAFT Paper

By Manesh Samtani | 24/05/2025

BAFT paper says FIs should explore strategies for adopting or integrating stablecoins into existing operations.

Crypto / Digital Assets

India Supreme Court Presses Government on Crypto Regulation

By Nithya Subramanian | 22/05/2025

The top court criticised the government for taxing crypto at 30 percent without putting in place corresponding regulation.

Crypto / Digital Assets

ASIC Seeks High Court Ruling on Crypto ‘Financial Products’

By Editors | 22/05/2025

ASIC challenges Block Earner ruling, seeking High Court clarity on the regulatory scope of crypto “financial products.”

Crypto / Digital Assets

Hong Kong Legislative Council Passes Stablecoin Ordinance

By Sanday Chongo Kabange | 21/05/2025

The ordinance, set to take effect later this year, will require issuers of fiat-referenced stablecoins to be licensed by HKMA to be offered in Hong Kong.

Enforcement

Vietnam Proposes New Penalties Regime for Crypto Market Violations

By Mark Johnston | 21/05/2025

A new draft decree proposes fines for violations in the cryptocurrency sector, including market manipulation and unlicensed operations.

AML / KYC

Korea Tightens Crypto AML Rules Ahead of Institutional Opening Up

By Manesh Samtani | 21/05/2025

South Korea is enhancing AML requirements ahead of opening up its virtual asset market to broader institutional participation, starting with NPOs and crypto exchanges.