Crypto / Digital Assets

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    Sanctions

    Indian Authorities Arrest Co-founder of Crypto Exchange Garantex

    By Nithya Subramanian | 13/03/2025

    The arrest was made at the request of US authorities, who have charged Aleksej Besciokov for conspiracy to commit money laundering and violate sanctions.

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    Crypto / Digital Assets

    Korea to Accelerate 2nd Phase Regulations on Digital Assets

    By Nithya Subramanian | 12/03/2025

    The Trump administration’s pro-crypto stance has prompted Korea to accelerate its virtual asset policies. It is also examining policy around crypto ETFs.

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    Enforcement

    Cambodian Central Bank Revokes Huione Pay’s Banking Licence

    By Nithya Subramanian | 12/03/2025

    Huione Pay is the banking arm of Huione Group, which allegedly facilitated $24bn in illicit transactions including through Telegram.

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    Crypto / Digital Assets

    Japan’s Cabinet Approves Bill to Ease Crypto Regulations

    By Thisanka Siripala | 11/03/2025

    The bill establishes a new category for crypto intermediaries and enhances flexibility in stablecoin reserve management, among other things.

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    Crypto / Digital Assets

    SGX to List Bitcoin Perpetual Futures in H2 2025

    By Nithya Subramanian | 11/03/2025

    The new contracts, which are pending regulatory approval, will be available only to institutional clients and professional investors.

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    Crypto / Digital Assets

    Japanese Lawmakers Move to Lower Tax on Crypto Transactions

    By Thisanka Siripala | 11/03/2025

    Draft bill proposes to reduce the capital gains tax on crypto transactions, including cryptocurrency derivatives.

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    AML / KYC

    China Prosecuted 25,000 Financial Crime Cases in 2024

    By Nithya Subramanian | 10/03/2025

    Over 3,000 individuals were prosecuted for money laundering using crypto. One prosecution is targeting a criminal group in Myanmar.

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    Crypto / Digital Assets

    Thai SEC Adds Stablecoins to List of Approved Cryptocurrencies

    By Nithya Subramanian | 10/03/2025

    The move means token issuers and ICO portals can accept USDC and USDT for digital token investment transactions.

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    AML / KYC

    KoFIU Planning to Conduct More Intensive AML Inspections

    By Nithya Subramanian | 10/03/2025

    KoFIU wants greater vigilance against illicit finance as digital transactions grow. It will conduct intensive inspections on institutions with weak AML controls.

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    Crypto / Digital Assets

    KSD to Launch Security Token ‘Testbed’ Platform in June

    By Manesh Samtani | 10/03/2025

    Once legislative amendments are implemented, the testbed platform will be converted into an operating environment.

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