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118 articles

September 2022

China’s two systems for crypto: Trading is banned, but virtual assets can be protected

In a decision involving Litecoin, a Chinese court says there are no rules ‘that negate the protectability of cryptocurrency itself as virtual property.’

Securities or not? South Korea to evaluate Terra’s LUNA token

Identifying characteristics of securities in Terra’s tokens could help South Korea with new charges on Terraform Labs and CEO Do Kwon.

Asia banking giant DBS jumps into The Sandbox metaverse

The Singapore-based bank said it will buy land in the metaverse to create the ‘DBS BetterWorld’ and build a virtual community.

Binance pushes out USDC in aggressive move to boost its own stablecoin

Top blockchain and crypto news: USDC gets the boot from Binance. MicroStrategy looks for Lightning strikes. STEPN heads to Hong Kong.

Crypto could pose ‘major’ risk to S.Korea’s financial stability, think tank says

The country’s growing ties to crypto could expose its financial sector to volatility and ‘damage its credibility,’ a researcher says.

India crypto exchanges plan long-term future as day traders flee 

In facing a government hostile to cryptocurrency trading, Indian exchanges are trying to attract new business with suites of different investment products.

South Korea’s taxman keeps circling crypto – airdrops look to be the next target

South Korea last week said crypto token airdrops are subject to a gift tax of as much as 50% under existing laws, but what is the likelihood this rule can be applied to digital holdings?

FastForkast headlines

South Korea will not rule the metaverse with game laws, science ministry says

South Korea’s Seongnam city to provide citizenship rights through NFTs

South Korea issues arrest warrant for Terraform Labs CEO Do Kwon

Should K-pop’s BTS get pass on military duty? Metaverse jury still out

Huobi becomes third global exchange to sign with S.Korea’s Busan city

Filecoin service provider RRMine leaves China for Singapore

Crypto Fraud and Asset Recovery Network in U.K. launches Hong Kong chapter

Singapore central bank says data on crypto holdings by general public not available

S.Korean man sentenced to four years for sexual abuse in metaverse

US$30 mln seized from North Korea hacking group: report

Indian finance minister urges IMF to lead crypto regulation

WazirX launches coin reports with data from crypto research firms Crebaco, IntoTheBlock

Thai regulator files police complaint against Zipmex for non-compliance

S.Korea to set up securities market for crypto tokens

RBI asks 4 state-run banks to test digital rupee, in talks with fintech: report

Indian police arrest alleged crypto trickster in US$31 mln scam: report

Australia establishes federal crypto police unit

SK Telecom’s Ifland metaverse adds cashable in-app economy

Singapore’s DBS commits to crypto offerings despite slump: report

S.Korea TV network partners with metaverse gaming platform The Sandbox

Thailand mandates warnings on crypto ads

Hong Kong hosts Digital Asset Series seminars for mass literacy

Chinese central bank should issue RMB stablecoin for metaverse: academic

Naver’s Zepeto metaverse teams with Thailand’s telecom giant True

Director at China’s Securities Regulatory Commission deep-dives into Web 3.0 in new book, a year after China’s crypto ban

Indonesia to launch crypto stock exchange at end-2022

LG Electronics to launch Hedera-based crypto wallet

September 2022

India’s CoinDCX says it’s hiring to prepare for DeFi expansion

Despite the Indian government’s hostility towards cryptocurrencies, the CoinDCX exchange says more traditional financial products will shift to DeFi platforms.

Singapore’s Crypto Dance; Women in Web3

Welcome to The Daily Forkast – August 29, 2022 – presented by Joel Flynn. Coming up on today’s show: Crypto clarity from Singapore’s central bank. Forkast and NEAR Foundation initiative champions women in Web3. We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of […]

Singapore’s MAS says needs to do better job explaining crypto policy

The city-state hosted a seminar with a title that it hopes sums up its crypto approach: “Yes to digital asset innovation, No to cryptocurrency speculation.”

Crypto regulation in focus

Crypto experts weigh in on the direction crypto regulation is headed in APAC and beyond.

Siloed regulatory efforts unlikely to help bring oversight to highly decentralized crypto industry

Panelists speaking at Forkast’s recently live-streamed event “Crypto Rising: The future of crypto regulation: APAC and Beyond,” co-hosted by Crypto Council for Innovation (CCI), said there need to be international cooperation among regulators from around the world to make any oversight of the crypto industry effective.

Huobi-incubated Chinese NFT platform iBox ends international operations

Its operations in mainland China are continuing as normal.

Huobi warning issued; Singapore’s blockchain aims

Huobi in hot water after being put on investor alert list. Meanwhile, we take a closer look into crypto regulation in Asia.

OSL Digital placed a ‘tokenized bond’ in July — what’s next for blockchain securities?

Financial instruments sold and traded on a public blockchain could be the next big thing, so Forkast caught up with OSL to hear about what’s planned.

Tornado Cash storm; Australia plans crypto rules

The Tornado Cash bans have stirred the pot in the crypto markets. Meanwhile, Australia looks for new ways to regulate crypto.

Australia’s crypto industry split on Treasury’s ‘token mapping’ scheme

The Treasury Department says its plan for how to regulate cryptocurrencies is unlike anything else in the world, but the country’s crypto industry isn’t sure that’s a good thing.

Merge prep rush; Scams down, hacks up

CME prepares to launch ETH options as the merge gets closer, Meanwhile, a Chainalysis says crypto scams are down.

Coinhako crypto exchange sees Asia expansion opportunity as rivals stumble

Cross currents: BlackRock Inc, the world’s biggest money manager, is talking about Bitcoin opportunities amid a market slump. Singapore’s Coinhako looks to have similar ideas.

Crypto’s Institutional Boost

Crypto’s institutional boost is on the rise, meanwhile, Australia is proving to attract the crypto sector.

FastForkast headlines

LG Electronics to launch Hedera-based crypto wallet refunded user US$7 million instead of US$68 – took 7 months to realize

South Korea’s capital city launches first stage of “Metaverse Seoul”

FTX agrees to help South Korea’s Busan build its own crypto exchange

Indonesia’s biggest tech firm buys local crypto exchange

Temasek to lead US$100M funding round in Animoca Brands: report

Crypto lender Hodlnaut placed under creditor protection by Singapore court

Binance Australia strengthens user protection: report

Operating profit at Upbit parent Dunamu drops 70%

S.Korea’s internet-only KakaoBank partners with crypto exchange Coinone

S.Korea’s science ministry announces ethical principles for the metaverse

Thailand’s SCBX scraps plan to buy 51% stake in crypto exchange Bitkub

Binance to help S. Korea’s Busan build first city-backed exchange

India financial crime-fighters search CoinSwitch crypto exchange

Animoca Brand’s Japan subsidiary raises US$45 Mln to invest in NFT

Crypto ATM Bitcoin Depot unveils US$885 mln SPAC listing plans

Philippines central bank approves two more digital banks

More than half of Indian crypto investors want to increase investments: report

S. Korea tax authority says crypto airdrops subject to gift tax: report

India blockchain forum plans to chart future with governments, regulators

Australia to keep pace with crypto laws with “token mapping”

South Korea to block access to 16 unregistered crypto companies

Australians can now use crypto to buy gasoline, Krispy Kreme donuts

Australian superannuation and institutions await clarity to invest in crypto

Shareholders ask Zipmex CEO to step down amid restructuring