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Crypto / Digital Assets
FTX Japan Authorised to Continue Operating to Repay Customers
By Editors | 13/12/2022
The FSA had ordered FTX Japan to suspend business operations by 9 December. The extension until 9 March 2023 will allow it to return funds to users.
AML / KYC
Chinese Police Arrest 63 Members of Crypto Money Laundering Gang
By Editors | 13/12/2022
The gang is estimated to have laundered up to CNY 12 billion for both domestic and foreign criminal groups using cryptocurrency.
Capital / Liquidity
UK Proposes Extensive Overhaul of Financial Services Regulations
By Manesh Samtani | 12/12/2022
The reforms include overhauls of the ring-fencing and senior managers regimes, a new green finance strategy, and an investment management exemption for cryptoassets.
AML / KYC
EU Council Agrees Position on AML/CFT Reform Package
By Manesh Samtani | 11/12/2022
The package includes AML/CFT rules for the crypto sector and a ban on cash payments over EUR 10,000, among other measures.
Crypto / Digital Assets
RBNZ to Start Monitoring Local Use of Crypto, Stablecoins
By Manesh Samtani | 11/12/2022
The monitoring framework will help the RBNZ understand how the market for new forms of money is developing and the implications for the monetary system.
Crypto / Digital Assets
US Probes FTX Founder for Suspected Terra Manipulation
By Editors | 09/12/2022
Prosecutors are reportedly looking into whether Sam Bankman-Fried manipulated the prices of TerraUSD and Luna to benefit entities he controlled.
Crypto / Digital Assets
Australian Regulators Progressing Work on Stablecoins, CBDC
By Manesh Samtani | 09/12/2022
The CFR is trying to incorporate payment stablecoins into the proposed framework for SVFs. Meanwhile RBA assistant governor warns that CBDC could threaten financial stability.
Crypto / Digital Assets
Europol Issues Recommendations on Crypto-related Money Laundering
By Sanday Chongo Kabange | 08/12/2022
Europol recommends close cooperation between enforcement bodies and crypto providers to curb associated crime and money laundering.
AML / KYC
Hong Kong Legislative Council Passes AML/CTF Amendment Bill
By Manesh Samtani | 08/12/2022
New licensing regime for VASPs will start on 1 June 2023. New registration regime for precious metals dealers will start on 1 April 2023.
Crypto / Digital Assets
NYDFS Sets Out Proposals to Charge Crypto Firms for Supervision
By Editors | 08/12/2022
The 22 crypto companies with a New York BitLicense will be subject to assessments to determine supervisory and examination costs.
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