Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31
From El Salvador and Lugano’s collaboration to yet another lawsuit against Do Kwon, this is what the last week in regulation looked like.
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EU crypto sanctions against Russia has an unexpected enforcer
The Monetary Authority of Singapore says crypto exchanges in the country must comply with financial sanctions against Russia.
Crypto Platform Hodlnaut Lost $190 Million From Terra’s Crash (Report)
The Singaporean cryptocurrency lending platform – Hodlnaut – reportedly lost approximately $190 million due to its exposure to Terra’s algorithmic stablecoin UST. The latter’s collapse in May has been one…
Over Half of Surveyed Family Offices From These 2 Countries Have Invested in Crypto
A joint study conducted by KPMG China and Aspen Digital estimated that 58% of family offices and high-net-worth individuals (HNWIs) from Hong Kong and Singapore had distributed some of their…
Terra co-founder Do Kwon faces $57-million lawsuit in Singapore
The lawsuit alleges Kwon and others made fraudulent claims on UST “either well knowing that they were false and untrue, or recklessly not caring whether they were true or false.”
Singapore Police Received 631 Cryptocurrency Scam Reports in 2021, Government Says
The government of Singapore has revealed the number of crypto scams reported to the police in the past three years. “The vast majority of cryptocurrency scams are perpetrated by scammers…
Hong Kong Intends to Become a Crypto Hub, Could That Trigger Next Bull Run?
China’s autonomous special administrative region – Hong Kong – reportedly aims to legalize cryptocurrency retail trading and emerge as a digital asset hub. According to the Co-Founder of BitMEX –…
Singapore Seeks to Reduce Risks for Retail Crypto Investors With Restrictive Rules
Financial authorities in Singapore have proposed new regulations designed to protect consumers from risks associated with cryptocurrency investment and trading. The measures, which also aim to expand regulations for stablecoins,…
Singapore Wants to Prohibit Retail From Borrowing Funds for Crypto Investing: Report
Singapore authorities have proposed a new set of regulatory measures to oversee the use of digital assets in the country and protect consumers. The country’s central bank and financial regulator,…
Singapore MAS proposes to ban cryptocurrency credits
Crypto service providers should not provide any credit facility or accept payments from credit cards from their customers, the MAS suggested.
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