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?
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.