Crypto / Digital Assets

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    Crypto / Digital Assets

    Korea to Start Work on Second Phase of Crypto Legislation

    By Editors | 06/07/2023

    The next phase of legislation will introduce rules for the issuance and distribution of virtual assets, as well as a regulatory system for stablecoins.

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    AML / KYC

    FATF to Bring “Fundamental Change” to Financial Crime Fight

    By Karen Ng | 06/07/2023

    FATF would scale up its fight against financial crime and bring comfort to victims through better asset recovery.

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    AML / KYC

    Upper House of UK Parliament Approves Economic Crime Bill

    By Editors | 05/07/2023

    The bill will boost corporate transparency, enable more effective seizure and recovery of crypto assets, and introduce new ‘failure to prevent’ offences.

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    Crypto / Digital Assets

    Korea Launches New Alerting System for Abnormal Crypto Activity

    By Editors | 04/07/2023

    DAXA said the alert messages will be triggered by sudden price changes and spikes in trading or deposit volumes, among other indicators.

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    Crypto / Digital Assets

    MAS to Require Trust Holding of DPT Customers’ Assets

    By Jill Wong | 04/07/2023

    MAS says the move is aimed at preventing the loss of customers’ assets and to facilitate a recovery in the event of a DPT provider’s insolvency.

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    Crypto / Digital Assets

    Hong Kong Establishes Task Force to Advance Web3 Development

    By Sanday Chongo Kabange | 03/07/2023

    The task force will bring together industry leaders and regulators to provide advice on developing Hong Kong into a Web3 hub.

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    Crypto / Digital Assets

    Thai SEC Prohibits Crypto Lending, Deposit Taking Services

    By Editors | 03/07/2023

    Crypto firms will also have to disclose a warning about the risks associated with trading cryptocurrencies from 31 July 2023.

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    Crypto / Digital Assets

    Korean Authorities Probes Crypto Lender Delio Over Fraud Allegations

    By Sanday Chongo Kabange | 03/07/2023

    Regulators are investigating Delio on suspicions that it engaged in fraudulent activities, embezzlement and breach of trust.

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    Crypto / Digital Assets

    RBNZ to Develop Monitoring Capabilities for Crypto Markets

    By Sanday Chongo Kabange | 02/07/2023

    The RBNZ is not planning to introduce a regulatory framework for cryptoassets until global best practice becomes clearer.

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    Crypto / Digital Assets

    South Korea Passes Virtual Asset User Protection Bill

    By Editors | 02/07/2023

    The bill focuses on protecting virtual asset users and preventing unfair trading practices. The new framework will be implemented within one year.

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