Crypto / Digital Assets

Crypto / Digital Assets

Korea Blocks 17 Unregistered Crypto Exchanges on Google Play

By Nithya Subramanian | 28/03/2025

KoFIU requested that 17 VASPs be blocked on Google Play as they don’t have a domestic registration as required under Korean law.

Enforcement

KoFIU Probing Foreign Crypto Exchanges Targeting Korean Users

By Mark Johnston | 26/03/2025

KoFIU is gathering evidence for damages cases against five foreign crypto exchanges operating without registration.

Crypto / Digital Assets

Crypto Scams Highlight ‘Digital Pivot’ in Money Laundering Tradecraft

By Nathan Lynch | 26/03/2025

The growth of cryptocurrency as a mainstream investment asset class has highlighted the need for new thinking in the fight against fraud and financial crime, writes Nathan Lynch.

Sanctions

Crypto Industry Seeking More Guidance on Sanctions Implementation

By Manesh Samtani | 25/03/2025

A lack of guidance for the virtual asset industry is undermining the effectiveness of sanctions, according to roundtable participants.

Crypto / Digital Assets

Thai SEC Exempts Fund Managers from Digital Asset Licence

By Thisanka Siripala | 24/03/2025

The new rules aim to integrate traditional financial institutions into the digital asset investment ecosystem.

Sanctions

OFAC Removes Crypto Mixer Tornado Cash from Sanctions List

By Manesh Samtani | 24/03/2025

The decision follows a court decision that Tornado Cash’s smart contracts do not qualify as ‘property’ under the IEEPA.

Crypto / Digital Assets

Australia Outlines Next Steps for Digital Asset Regulation

By Thisanka Siripala | 24/03/2025

A framework for digital asset platforms will be established, covering trading platforms, custody products, some brokerage arrangements, and certain other services.

Crypto / Digital Assets

Korean Authorities Investigate Bithumb Over Embezzlement

By Thisanka Siripala | 21/03/2025

The investigation centres on claims that Bithumb financed a USD 2 million apartment deposit for its former CEO.

Crypto / Digital Assets

Bank of Korea Will Conduct CBDC Pilot from April to June

By Thisanka Siripala | 20/03/2025

The pilot will be conducted in collaboration with seven banks, allowing them to issue deposit tokens that can be used for transactions at designated merchants.