CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

ASIC Files Suit Over Misleading Claims by Crypto Firm

By Editors | 26/10/2022

ASIC said BPS Financial engaged in unlicensed conduct and made false, misleading or deceptive representations about a crypto token called Qoin.

Crypto / Digital Assets

Five Key Points From the FSB’s Review Of Crypto Assets

By John Ho | 25/10/2022

John Ho and Arushi Goel outline five key takeaways from the FSB’s proposals for regulating crypto assets and so-called global stablecoins.

Crypto / Digital Assets

US Tax Filing Instructions Amendments Includes NFT Reference

By Editors | 24/10/2022

The new language obliged individual taxpayers to report income received from disposals of NFTs, as well as any other “digital asset”.

Big Picture

BIS Innovation Hub, HKMA Publish Project Aurum Findings

By Editors | 24/10/2022

A two-tier prototype system was developed to test intermediated CBDC as well as stablecoins backed by CBDC in the interbank system.

Crypto / Digital Assets

Japan Set to Relax Rules for Crypto Token Listings – Report

By Sanday Chongo Kabange | 23/10/2022

Crypto tokens will reportedly be able to list within 30 days. Currently, the screening process for a new listing takes around six months to a year.

AML / KYC

US Sanctions, Files Criminal Charges Against Russians

By Editors | 21/10/2022

The sanctions target a procurement network supplying technology to Russia. The indictment explains that crypto was used to facilitate the payments.

Crypto / Digital Assets

Bangladesh Banks Ordered to Stamp Out Crypto Activity

By Mark Johnston | 21/10/2022

Bangladesh Bank has ordered FIs to enhance their monitoring and report transactions suspected to be linked to crypto assets.

AML / KYC

Japan Authorities Warn Crypto Firms of Lazarus Group Threat

By Manesh Samtani | 20/10/2022

An advisory calls on crypto firms to strengthen their security controls, and implement staff and user training programmes.

Crypto / Digital Assets

Japan FSA Commences Annual Cyberattack Drills with FIs

By Editors | 20/10/2022

The participants include banks, credit unions, securities firms,  payment providers, money transfer agents and crypto exchanges.