KONG

insurance

TRON

Kingdom

<h2 style="text-align: left;" id="north-korean-hackers-create-memecoins-to-launder-funds">North Korean hackers create memecoins to launder funds&nbsp;</h2>
<p style="text-align: left;">North Korean hackers created memecoins to launder cryptocurrency stolen in the $6.3 billion Binance hack, according to a report from blockchain analytics firm Elliptic.<br><br>Between Nov. 5 and 7, the <a href="https://cointelegraph.com/news/north-korean-hackers-memecoins-launder-binance-hack-elliptic" rel="noopener noreferrer nofollow">hackers created at least six tokens on NEAR</a> and used liquidity pools on decentralized exchanges to move $430,000 of stolen funds between wallets, Elliptic <a href="https://www.elliptic.co/insights/north-korea-meme-coins-binance-hack/" rel="noopener noreferrer nofollow">said</a>. However, the tokens attracted almost no outside trading and were abandoned shortly after launch.</p>
<p style="text-align: left;">Elliptic said the same laundering technique was also used following the $1.5 billion <a href="https://cointelegraph.com/news/north-korean-hackers-crypto-wallets-bybit-hack" rel="noopener noreferrer nofollow">Bybit hack in 2025</a>, when North Korean-linked actors moved at least $24 million through a newly created token on the TRON blockchain.<br></p>
<h2 style="text-align: left;" id="span-style-text-decoration-underline-hong-kong-span"><span style="text-decoration: underline;">HONG KONG</span></h2><img src="https://s3-images.ctmedia.io/media/content/hong-kong-kowloon-city.jpg" alt="" width="640" height="800">
<p style="text-align: center;"><em>Hong Kong’s wealthy investors are embracing crypto. (Chi Hung Wong)</em></p>
<h2 style="text-align: left;" id="xstocks-tokenizes-200-stocks-in-uk-and-eu-with-hundreds-from-hong-kong-coming-soon">xStocks tokenizes 200 stocks in UK and EU, with hundreds from Hong Kong coming soon</h2>
<p style="text-align: left;">Kraken parent Payward’s xStocks platform has <a href="https://ct.com/news/kraken-xstocks-200-tokenized-uk-eu-equities" rel="noopener noreferrer nofollow">added tokenized versions of more than 200 stocks</a> listed in the United Kingdom and European Union.&nbsp;</p>
<p>Payward said the latest expansion brings xStocks’ offering to more than 1,500 tokenized assets. The company reported more than $45 billion in cumulative transaction volume and over 550,000 unique holders.</p>
<p>Payward said it plans to add hundreds of Hong Kong-listed equities in the coming weeks.</p>
<h2 id="hong-kong-s-forthcoming-crypto-licensing-regime">Hong Kong’s forthcoming crypto licensing regime</h2>
<p>Deputy Secretary for Financial Services Chan Ho-lim told FinTech Week the region will introduces a new licensing regime for virtual-asset trading, custody, advisory and management, via amendment bills that will be submitted to Legislative Council this year.</p>
<h2 id="br-more-hong-kong-news"><br>More Hong Kong news</h2>
<p>Police have arrested 22 people in a cross border money laundering investigation, that allegedly involved a over the counter crypto network that moved more than HKD$150 million (US$18 million) while attempting to obscure the origin of funds. Meanwhile, the US has sanctioned 41 entities allegedly linked to the Cambodia’s Prince Group, including a man named Qiu Yong, who is accused of running Hong Kong companies on behalf of the criminal organization.<br></p>
<h2 id="span-style-text-decoration-underline-south-korea-span"><span style="text-decoration: underline;">SOUTH KOREA</span></h2>
<h2 style="text-align: left;" id="south-korea-to-permit-crypto-withdrawal-freezes-during-hacking-threats">South Korea to permit crypto withdrawal freezes during hacking threats</h2>
<p style="text-align: left;">South Korea’s Financial Services Commission (FSC) plans to <a href="https://ct.com/news/south-korea-crypto-withdrawal-freezes-suspected-hacks" rel="noopener noreferrer nofollow">allow crypto exchanges to suspend deposits and withdrawals when hacking is suspected</a>, rather than waiting until a breach is confirmed.</p>
<p style="text-align: left;">The FSC <a href="https://www.fsc.go.kr/no010101/88133" rel="noopener noreferrer nofollow">said</a> it would issue a no-action letter permitting preventive suspensions under certain conditions. Current rules prohibit exchanges from blocking withdrawals without legitimate grounds and explicitly allow restrictions only when a hacking incident is clearly established.</p>
<p style="text-align: left;">The regulator also called for round-the-clock monitoring and incident response, higher cold-wallet holdings, and stronger insurance coverage and reserves.</p>
<h2 style="text-align: left;" id="gopax-puts-everything-on-ice">GOPAX puts everything on ice</h2>
<p>South Korean crypto exchange GOPAX announced on November 6 it was suspending trading, deposits and withdrawals and moving all user assets to cold wallets. The firm had received threatening emails that claimed a hack was imminent, and took the drastic step of putting everything on ice on the recommendation of financial authorities.</p>
<h2 style="text-align: left;" id="br-span-style-text-decoration-underline-japan-span"><br><span style="text-decoration: underline;">JAPAN</span></h2>
<h2 style="text-align: left;" id="nomura-explores-sale-of-crypto-unit-laser-digital">Nomura explores sale of crypto unit Laser Digital</h2>
<p style="text-align: left;">Japanese financial services giant Nomura Holdings is reportedly <a href="https://cointelegraph.com/news/nomura-sale-crypto-unit-laser-digital" rel="noopener noreferrer nofollow">weighing a sale of its cryptocurrency subsidiary Laser Digital </a>as Nomura’s European operations continue to post losses.</p>
<p style="text-align: left;">Nomura has held talks with potential buyers, including Marex Group but is yet to make a final decision and could keep the business.</p>
<p style="text-align: left;">Nomura’s European businesses posted a pretax loss of 7.4 billion yen ($46.5 million) in the quarter ended Sept. 30, 2026, their fourth consecutive quarterly loss. The company posted pretax profits in every other reporting region over the same period.</p>
<h2 id="span-style-text-decoration-underline-thailand-span"><span style="text-decoration: underline;">THAILAND</span></h2><img src="https://s3-images.ctmedia.io/media/content/thailand-tourism-image.jpg" alt="" width="640" height="427">
<p style="text-align: center;"><em>Thailand is examining new rules for ETFs and ICO investors (Sasint)</em></p>
<h2 style="text-align: left;" id="thailand-proposes-148k-daily-cap-on-stablecoin-deposits-and-withdrawals">Thailand proposes $148K daily cap on stablecoin deposits and withdrawals</h2>
<p style="text-align: left;">Thailand’s securities regulator has <a href="i" rel="noopener noreferrer">proposed capping daily stablecoin deposits</a> and withdrawals at 5 million baht ($148,000) each per customer at regulated crypto operators.</p>
<p style="text-align: left;">The limit would apply separately to deposits and withdrawals at each operator, Thailand’s Securities and Exchange Commission (SEC) said in a Thursday <a href="https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=13562&amp;NewsNo=253&amp;NewsYear=2026&amp;Lang=EN" rel="noopener noreferrer nofollow">announcement</a>. The regulator said the rules aim to curb money laundering, cybercrime and attempts to bypass cross-border money transfer rules.</p>
<p style="text-align: left;">The draft would bar stablecoin transfers to and from third-party wallets.</p>
<h2 id="br-more-thailand-news"><br>More Thailand news</h2>
<p>Thailand’s SEC will block access to Bitget from December 5. It has also proposed new tests for retail investors before <a href="https://fintechnews.sg/140974/crypto/thailand-sec-ico-portal-knowledge-test/" rel="noopener noreferrer nofollow">allowing them to invest in ICOs</a>. The tests would require knowledge of at least six areas including digital tokens and investor rights, blockchain technology, digital-asset wallets and distribution channels. The proposals will be up for comment until November 25. The SEC is also <a href="https://www.structuredretailproducts.com/insights/85328/thailand-sec-plans-to-tighten-dr-rules-rules-out-leveraged-and-crypto-etfs" rel="noopener noreferrer nofollow">seeking feedback</a> on new rules around margin loans and ETFs, but has ruled out allowing leveraged or crypto ETFs at this stage.</p>
<h2 style="text-align: left;" id="span-style-text-decoration-underline-vietnam-span"><span style="text-decoration: underline;">Vietnam</span></h2>
<p>South Korean crypto firm Bithumb Asset, has invested <a href="https://dtinews.dantri.com.vn/vietnam-today/south-korean-crypto-firm-invests-usd-85m-in-hoi-an-luxury-resort-20261111081917268.htm" rel="noopener noreferrer nofollow">$85 million into a luxury resort project in Hoi An </a>in Vietnam being built by local real estate developer Asia Estate. Da Nang police have issued a <a href="https://www.vietnam.vn/en/da-nang-canh-bao-thu-doan-lua-dao-thong-qua-cac-du-an-tien-dien-tu-ma" rel="noopener noreferrer nofollow">warning about scams via “ghost” cryptocurrency projects</a> that are really just ponzi schemes in disguise. They highlighted a fraud ring involving the DRK cryptocurrency project, led by Huynh Duc Van, 33, and seven accomplices, which was recently dealt with by law enforcement.</p>
<h2 id="span-style-text-decoration-underline-singapore-span"><span style="text-decoration: underline;">SINGAPORE</span></h2>
<p style="text-align: left;">Nomura’s former head of crypto derivatives trading, John Kim, has joined Chicago-based DV Trading in Singapore to lead a new discretionary crypto-trading team. A Singapore woman lost S$78,000 (US$60,391) in a four-month long crypto scam after someone posing as an insurance buyer “helped” her to set up a crypto wallet. She initially believed she was making money, before getting cleared out after she was directed to the little known Qevorinex platform. International bank communication network Swift argued at <a href="https://www.businesstimes.com.sg/companies-markets/singapore-fintech-festival-2026/shared-standards-needed-prevent-digital-assets-fragmenting-swift" rel="noopener noreferrer nofollow">Singapore FinTech Festival </a>for shared standards to prevent digital assets from fragmenting across incompatible systems.</p>

NK hackers join memecoin trenches, xStocks adds Hong Kong equities: Asia Express

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