CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Korea to Creates Fund to Drive Metaverse Related Initiatives

By Editors | 13/03/2023

The government is inviting investment management companies to help operate the Metaverse Fund, offering special performance incentives.

Crypto / Digital Assets

FSB’s Eva Hupkes Discusses Crypto, Stablecoin and DeFi Regulation

By Editors | 13/03/2023

The FSB’s Eva Hupkes discusses the work underway to bring about globally harmonised regulatory frameworks for crypto assets, stablecoins, and DeFi.

Crypto / Digital Assets

Thailand Offers Tax Breaks to ICO Issuers and Investors

By Editors | 10/03/2023

Under a draft royal decree approved by lawmakers, corporate income tax and VAT will be waived for companies issuing digital tokens for investment purposes.

AML / KYC

Indian Crypto Businesses Now Subject to AML Laws

By Editors | 10/03/2023

Indian crypto firms are now formally required to perform KYC due diligence, verify client identities, monitor transactions, and report suspicious activities.

Crypto / Digital Assets

Swift Concludes 12 Weeks of Tests on CBDC Interlinking Solution

By Editors | 10/03/2023

Nine banks and three central banks participated in testing Swift’s API-based CBDC connector across two blockchain networks and fiat-based payment systems.

Crypto / Digital Assets

Crypto Focused Bank Silvergate to Enter Into Liquidation

By Editors | 09/03/2023

Silvergate has served as one of the main banks for crypto companies. The wind down and liquidation plan includes full repayment of all deposits.

Crypto / Digital Assets

NYAG Files Lawsuit Against Crypto Platform KuCoin

By Editors | 09/03/2023

In a first by a US authority, the lawsuit claims that Ether is a security, meaning KuCoin was required to register as a securities broker or dealer.

Crypto / Digital Assets

China CBDC App Integrates WeChat Pay as Payment Option

By Mark Johnston | 09/03/2023

PBOC’s e-CNY app aims to make digital currency more accessible, but adoption remains slow. The PBOC’s (People’s Bank of China) […]

AML / KYC

Korea Customs: Crypto Involved in 70pc of Illicit Fund Flows in 2022

By Editors | 09/03/2023

The illicit crypto transactions were mostly aimed at purchasing foreign virtual assets with the intention of exploiting the so-called “Kimchi premium”.