Crypto / Digital Assets

Crypto / Digital Assets

Hong Kong Consults on Crypto Tax Reporting Framework, Stricter FI Penalties

By Sanday Chongo Kabange | 10/12/2025

The plan includes mandatory registration for crypto service providers and financial institutions, with automatic data exchange scheduled to begin in 2028.

Crypto / Digital Assets

ASIC Finalises Licensing Relief for Stablecoin, Wrapped Token Intermediaries

By Sanday Chongo Kabange | 10/12/2025

New class relief exempts intermediaries from separate licensing and permits omnibus accounts for digital asset custody, building on earlier measures.

Sanctions

FinCEN Fines Paxful $3.5m for "Egregious" and "Wilful" AML Failures

By Manesh Samtani | 10/12/2025

The peer-to-peer crypto platform had "egregious" AML failures, enabling transactions linked to North Korea, ransomware, and terrorist financing.

Crypto / Digital Assets

Coinbase Reopens India Onboarding After Two-Year Pause

By Nithya Subramanian | 10/12/2025

Following its registration with FIU-IND, Coinbase is rebuilding its India operations and planning a phased launch of rupee on-ramps in 2026.

Crypto / Digital Assets

Korea to Bolster Crypto AML Rules, Introduce Account Freezing System

By Sanday Chongo Kabange | 09/12/2025

KoFIU will strengthen cross-border rules and introduce a system to suspend suspicious accounts amid a crackdown on transnational crime.

Crypto / Digital Assets

Basel AML Index Offers New Guidance on Risk and Crypto as Global Progress Stalls

By Manesh Samtani | 09/12/2025

The annual index reveals a global drift to the middle on money laundering risk, with new guidance for firms on proportionate controls and virtual assets.

Enforcement

Thailand Cracks Down on Chinese Bitcoin Mining Tied to THB 5bn Flows

By Mark Johnston | 09/12/2025

Thailand's “Operation Copperhead” has exposed a transnational Bitcoin mining ring, triggering focus on money laundering and digital asset crime.

Crypto / Digital Assets

Sony-Backed Blockchain Firm Launches US Dollar Stablecoin

By Nithya Subramanian | 08/12/2025

The USD-pegged token aims to power payments and rewards on the Ethereum L2 network, targeting global markets.

Crypto / Digital Assets

China Declares RWA Tokenisation 'Illegal Financial Activity'

By Mark Johnston | 08/12/2025

A joint warning from seven industry bodies clarifies the legal status of RWA and extends liability to domestic staff of overseas firms.