Crypto / Digital Assets

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.

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.

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.

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.

Crypto / Digital Assets

Taiwan FSC Implements New Crypto Custody Rule for VASPs

By Mark Johnston | 10/03/2025

Virtual asset custodians that meet international information security management standards can store up to 30% of client assets in hot wallets.

AML / KYC

US, EU Authorities Shut Down Russian Crypto Exchange Garantex

By Manesh Samtani | 09/03/2025

The takedown operation came after the EU sanctioned Garantex, prompting Tether to block wallets on the platform holding more than $26mn.

Crypto / Digital Assets

India Consults on Tokenisation Framework for GIFT City

By Nithya Subramanian | 07/03/2025

The IFSCA has released a consultation paper on the tokenisation of real-world assets, aiming to establish GIFT City as a global hub for digital asset innovation.

Crypto / Digital Assets

MAS Grants MPI Licences to Units of Hex Trust, Matrixport

By Nithya Subramanian | 07/03/2025

Both Hex Trust and Matrixport received approval for their Singapore operations after receiving in-principle approvals last year.

Crypto / Digital Assets

US Senate Votes to Overturn Tax Reporting Rule for DeFi Brokers

By Thisanka Siripala | 06/03/2025

The rule, if not repealed, will require DeFi brokers to report digital asset transactions and user data starting in 2027.