Crypto / Digital Assets

AML / KYC

Worldcoin’s Global Launch Raises Regulatory Concerns

By Editors | 29/07/2023

UK, French and German regulators are looking into privacy concerns associated with Worldcoin’s iris-scanning data collection practices.

AML / KYC

UK Updates Guidance to Implement Travel Rule for Cryptoasset Transfers

By Editors | 29/07/2023

The proposed guidance specifies the information on originators and beneficiaries that crypto exchanges and wallet providers must send, receive and verify as part of a cryptoasset transfer.

Capital / Liquidity

Canada: OFSI Consults on Capital Rules for Crypto Exposures

By Editors | 28/07/2023

Two guidelines are proposed, one for federally regulated deposit-taking institutions, the other is for insurers.

Crypto / Digital Assets

US Lawmakers Advance Bills to Create Regulatory Clarity for Crypto

By Manesh Samtani | 27/07/2023

The ‘Financial Innovation and Technology for the 21st Century Act’ has now advanced in key committees in the US House of Representatives.

Crypto / Digital Assets

Singapore High Court Recognises Crypto as Personal Property

By Ranamita Chakraborty | 27/07/2023

The court ruled that holders of crypto assets have legally enforceable property rights under common law, marking a significant milestone in crypto case law globally.

AML / KYC

Korea Securities Depository to Promote LEI Adoption in Crypto Market

By Sanday Chongo Kabange | 27/07/2023

The KSD and Code have signed a business agreement to promote the issuance and use of LEIs in the virtual asset market.

Big Picture

US Govt Accountability Office Calls for Federal Oversight of Crypto Sector

By Editors | 27/07/2023

GAO report reveals significant regulatory gaps in crypto asset oversight, recommending comprehensive federal intervention to mitigate blockchain-related risks.

Enforcement

Korea Establishes Interagency Investigative Team for Crypto

By Manesh Samtani | 27/07/2023

Until new rules for the crypto sector come into force in 2024, the new investigative team will be charged with investigating unlawful trading activities.

Crypto / Digital Assets

South Korea Unification Minister Faces Scrutiny Over Crypto Trading

By Mark Johnston | 26/07/2023

Opposition party lawmakers claim minister Kwon Young-se may have had a conflict of interest that influenced his trading in virtual assets.