Crypto / Digital Assets

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The rule, if not repealed, will require DeFi brokers to report digital asset transactions and user data starting in 2027.

Crypto / Digital Assets

Vietnam to Pilot State-run Platform for Trading Digital Assets

By Thisanka Siripala | 06/03/2025

Vietnam’s Ministry of Finance rejected an earlier proposal that would have allowed private firms to participate via a sandbox mechanism.

Crypto / Digital Assets

Japan Regulator Approves Country’s First Stablecoin Licence

By Thisanka Siripala | 06/03/2025

SBI VC Trade has become the first company in Japan to obtain a stablecoin licence. Several other firms plan to launch stablecoins.

Crypto / Digital Assets

OFAC Sanctions Iranian Administrator of Shuttered Darknet Marketplace

By Manesh Samtani | 05/03/2025

Behrouz Parsarad was designated for contributing to the international proliferation of narcotics via his darknet marketplace, which was dismantled in 2024.