Crypto / Digital Assets

AML / KYC

HKMA Consults on Changes to AML/CFT Guideline for Banks

By Manesh Samtani | 19/01/2023

Banks must perform CDD on customers transferring virtual assets. Digital ID system iAM Smart can be used for identity verification.

AML / KYC

Authorities Dismantle Russia-Linked Crypto Firm Bitzlato

By Manesh Samtani | 18/01/2023

Bitzlato facilitated $700mn in crypto transfers for Hydra users and received more than $15mn in ransomware proceeds.

Crypto / Digital Assets

2022: A Roaring Year for Digital Assets in Singapore

By Angela Ang | 18/01/2023

Angela Ang looks back at digital asset developments in 2022 in Singapore, and ahead to what to expect in 2023.

Crypto / Digital Assets

EU: MiCA Vote Delayed Again Until April 2023 – Report

By Editors | 18/01/2023

The delay is reported to be due to technical issues associated with translating the English text into the EU’s 24 official languages.

Crypto / Digital Assets

Chinese Securities Firm Switches on CBDC Payment Option

By Editors | 17/01/2023

China’s e-CNY system can also now capable handle offline payments, and “tap to pay” can function when devices are powered off.

Crypto / Digital Assets

Korea FSS to Develop Crypto Market Monitoring Tool

By Editors | 17/01/2023

At a forum on Monday, FSS governor Lee Bok-hyun also said accounting standards will be established to require companies to disclose their crypto exposures.

Crypto / Digital Assets

Iran, Russia Working on Gold-Backed Stablecoin – Report

By Editors | 17/01/2023

The stablecoin is intended to serve as a payment method for foreign trade without requiring the use of any fiat currency.

Crypto / Digital Assets

Nepal ISPs Ordered to Block Crypto Websites, Apps

By Editors | 17/01/2023

Nepal declared crypto illegal in September 2021. The order for ISPs and email providers to block crypto websites and apps is new.

Crypto / Digital Assets

BitConnect Victims Receive $17mn Restitution from Crypto Fraud

By Editors | 16/01/2023

BitConnect was an online crypto lending platform that collapsed in 2018, causing investor losses estimated at over USD 2.4 billion.