Crime
Censorship
Binance founder CZ confirms $500M equity investment to back Musk’s Twitter deal
Binance founder CZ confirmed a $500 million equity investment to support Elon Musk's acqusition of Twitter, describing it as "a small contribution" to help realize the new vision for Twitter.
CBDCs
Hong Kong Monetary Authority announces success and key findings from CBDC project, mBridge
Hong Kong Monetary Authority published a report to announce its CBDC project, mBridge's key accomplishments, use cases, and areas of improvement.
CBDCs
Australia confirms crypto transactions will be subject to capital gains tax
In the budget papers released on Oct. 25, the Australian government clarified that all cryptocurrency investors will be subject to a crypto gains tax on profits they made through selling or trading through a centralized exchange.
Regulation
Monetary Authority of Singapore proposes new measures to regulate crypto, stablecoins
Monetary Authority of Singapore (MAS) published two consultation papers with a host of new regulatory measures to limit activities of digital payment token services, stablecoin issuers and their customers.
Regulation
South Korea’s financial watchdog to monitor crypto whales on adherence to anti-money laundering laws
South Korea's Financial Services Commission will look into virtual asset exchanges and customers who hold significant portions of single-listed coins and stablecoins to prevent money laundering.
Regulation
Australian watchdog launches legal action against BPS for misrepresenting ‘crypto’ token Qoin
The Australian Securities and Investment Commission stated that the company made misled more than 79,000 individuals and entities issued with Qoin tokens about the token's utility.
CBDCs
Japan Credit Bureau to test credit card-based CBDC settlement solutions
Japan Credit Bureau announced it will start the “JCBDC“ pilot project to test contactless credit-card based settlement solutions for general use retail CBDC despite the central banks' cancellation of its CBDC project.
Adoption
Microsoft Cloud UAE prepares to offer tools to build the Metaverse
Microsoft Cloud UAE COO Ihsan Anabtawi revealed the company's plans and products in development for supporting companies in the metaverse.
Crypto
Hong Kong Chief Executive proposes statutory licensing for VASPs in his policy address
Chief Executive HKSAR John Lee mentions a bill for statutory licensing for VASPs and the city's progress in developing its CBDC in his first policy address delivered on Oct.19.
Crime
South Korean police raid Hancom Inc offices, chairman’s home over slush fund suspicions
South Korean investigators conducted a seizure and raid at software company Hancom Inc's offices and chairman Kim Sang-cheol's homes amid allegations of crypto price manipulation and the creation of a slush fund.
Regulation
South Africa deems cryptocurrency a ‘financial product’
South Africa's financial regulator, The Financial Sector Conduct Authority (FSCA) defined crypto assets as a 'financial product' subject to the same regulatory oversight as company shares, debt and any money-making instrument.
Adoption
Macau’s Executive Council seeks to subject digital currencies to same regulations as fiat
Macau's Executive Council submitted a draft bill to place all currencies under the same legal scrutiny, including digital currencies.