Breaking News: ASIAN REGULATION – Market Insights, Analysis & Latest Updates

ASIAN REGULATION

Hong Kong regulator takes aim at crypto firms posing as banks

The HKMA warns that two overseas crypto firms misrepresented themselves as banks, potentially misleading consumers and violating local banking regulations amid Hong Kong's push to become a crypto hub.

theblock.co • 15/11/2024 - 11:30 AM

ASIAN REGULATION

South Korea’s Upbit under probe for at least 500,000 KYC violations: report

Upbit, South Korea's largest crypto exchange, allegedly failed KYC procedures for 500,000+ accounts, risking fines and license renewal amid regulatory scrutiny.

theblock.co • 15/11/2024 - 11:21 AM

Singapore plans further commercialization of tokenized assets to ‘deepen liquidity’

MAS has launched two frameworks for asset tokenization in fixed income and funds to enhance efficiency and liquidity in financial markets, involving significant industry collaboration.

theblock.co • 04/11/2024 - 10:44 AM

ASIAN REGULATION

Taiwan’s FSC to heighten scrutiny of crypto listings on exchanges in upcoming January rules, official says

Taiwan's financial watchdog will enforce new regulations for crypto asset providers in 2025, focusing on compliance, security, and transparency to combat illegal activities and enhance oversight.

theblock.co • 04/11/2024 - 04:22 AM

Gemini receives preliminary approval for MPI license in Singapore amid Asia expansion

Gemini has received approval for a Major Payment Institution license in Singapore, enhancing its expansion in Asia and commitment to providing secure crypto services in the region.

theblock.co • 30/10/2024 - 04:27 AM

ASIAN REGULATION

Hong Kong eyes tax breaks for crypto, more trading platform licenses by year-end: officials

The Hong Kong government’s Treasury chief said the city will extend existing tax concessions to cover cryptocurrency investments by the end of this year. The regulators also plan to approve more crypto asset trading platform licenses by the end of the year.

theblock.co • 28/10/2024 - 06:56 AM

ASIAN REGULATION

South Korea plans to impose reporting mandate for 'cross-border' crypto transactions: report

South Korea plans stricter regulations on cross-border cryptocurrency transactions to combat foreign exchange crimes, requiring pre-registration and monitoring, with legal updates expected by 2025.

theblock.co • 25/10/2024 - 02:42 AM

ASIAN REGULATION