CRYPTO / DIGITAL ASSETS

AML / KYC

Japan to Enforce Travel Rule for Crypto from 1 June

By Ranamita Chakraborty | 24/05/2023

The FSA had already issued rules for travel rule implementation, but a definitive date for enforcement had not been set until now.

AML / KYC

SFC Finalises Licensing Regime for Crypto Trading Platforms

By Sanday Chongo Kabange | 24/05/2023

The SFC will start accepting licence applications from virtual asset trading platforms starting 1 June.

Crypto / Digital Assets

Korea to Vote on Bill Requiring Crypto Disclosures by Politicians

By Karen Ng | 23/05/2023

The amendments, if passed, will require all public officials and candidates to disclose their crypto assets.

Crypto / Digital Assets

Indian Crypto Firms Call for UPI Access to be Restored

By Karen Ng | 22/05/2023

The calls for UPI access to be restored come after India’s government added virtual assets to the country’s Prevention of Money Laundering Act in March.

Crypto / Digital Assets

China’s Top Prosecutor Warns of NFT-related Fraud and Risks

By Karen Ng | 22/05/2023

The Supreme People’s Procuratorate said prohibiting transactions in cryptocurrencies is an important safeguard for the digital collectibles industry.

Crypto / Digital Assets

Westpac Blocks Payments to Crypto Firms, Including Binance

By Sanday Chongo Kabange | 22/05/2023

Westpac said the move could save millions after it found that a third of all scam payments were transferred directly to crypto exchanges.

Crypto / Digital Assets

NYAG Fines Crypto Wallet Provider for Misleading Investors

By Editors | 21/05/2023

Coin Cafe had advertised free wallet storage for Bitcoin, but then routinely charged and increased its fees “without properly informing investors”.

Crypto / Digital Assets

US DOJ Charges Another for Role in ‘CoinDeal’ Fraud

By Mark Johnston | 20/05/2023

Bryan Lee allegedly conspired with others to defraud investors in companies that claimed to be developing metaverse-related technologies.

Crypto / Digital Assets

UK Lawmakers Propose to Regulate Crypto as Gambling Products

By Mark Johnston | 19/05/2023

Report says unbacked crypto assets such as Bitcoin and Ether do not have intrinsic value and pose significant risks to consumers.