No surprise as Singapore, Thailand step up crypto regulation

Southeast Asia steps up regulation. No end in sight for NFT market decline. Voyager’s shrinking portfolio.

• 2023-07-06
• Thailand Singapore Thailand crypto assets Singapore digital assets service providers

Singapore asks crypto firms to deposit customer assets in a trust, restricts lending, staking services to retail users

Cryptocurrency service providers in Singapore will have to keep customer assets under a statutory trust before the end of the year, for safekeeping purposes, the city state’s central bank announced Monday.

• 2023-07-03
• Singapore service providers retail customers customer assets statutory trust legislative amendments regulatory measures

Why G7’s proposed crypto regulations will be bad for DeFi

FATF’s travel rule is looming over the crypto industry as an existential threat, writes Jack Jia of Unlimint. Here's why it's especially worrying to DeFi and self-custody wallet users.

• 2023-06-05
• Group of 7 KYC Financial Stability Board service providers crypto International Monetary Fund DeFi Financial Action Task Force service provider

FATF Did Not Require Pakistan to Ban Crypto to Stay Off Its 'Grey List'

The Financial Action Task Force has said it does "not require countries to indiscriminately ban virtual assets and virtual asset service providers," after Pakistan's Minister of State for Finance and Revenue said crypto cannot be legalized due to conditions set by the watchdog.

• 2023-05-24
• Financial Action Task Force Pakistan Aisha Ghaus Pasha CoinDesk money laundering service providers