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AML / KYC
Japan to Adopt Travel Rule in Crypto in May 2023 – Report
By Editors | 29/09/2022
The FSA plans to submit amendments to the Act on Prevention of Transfer of Criminal Proceeds to a parliamentary session next week.
Crypto / Digital Assets
BIS Announces Successful Completion of mBridge CBDC Pilot
By Editors | 29/09/2022
The month-long testing phase facilitated more than 160 transfers and FX exchanges worth USD 22 million on the mBridge Ledger.
Crypto / Digital Assets
FTX Wins Auction to Buy Assets of Bankrupt Voyager Digital
By Editors | 29/09/2022
FTX won a “highly competitive auction process” that lasted two weeks with the “highest and best bid for its assets”, valued at just over USD 1.4 billion.
AML / KYC
CFTC Penalises Crypto Firm, Pursues First Case Against DAO
By Editors | 29/09/2022
Crypto firm bZeroX transferred its software protocol to a DAO and then marketed this as a way to be “enforcement-proof”.
Crypto / Digital Assets
DBS Rolls Out Crypto Services to 100,000 More Investors
By Editors | 28/09/2022
Accredited wealth clients are able to trade four cryptocurrencies on DDEx – Bitcoin, Bitcoin Cash, Ethereum, and XRP.
Crypto / Digital Assets
Korea FSS Finds More Suspicious Crypto-Linked FX Transactions
By Editors | 28/09/2022
FSS investigations have so far involved 82 corporates and 12 banks. The total value of abnormal FX transactions discovered is now $7.2bn.
Crypto / Digital Assets
Korea Has Seized $182m in Crypto from Tax Delinquents
By Editors | 27/09/2022
The largest seizure from a single delinquent taxpayer was worth around KRW 12.5 billion, or about USD 8.8 million.
Crypto / Digital Assets
RBA to Commence CBDC Pilot Tests Early Next Year
By Editors | 26/09/2022
The CBDC will be called eAUD. Industry participants are invited to propose CBDC use cases, and to participate in testing. Expressions of interest are due by 31 October.
AML / KYC
UK Introduces Economic Crime Bill to Parliament
By Editors | 26/09/2022
The Bill targets beneficial ownership transparency and will also make it easier for law enforcement to seize and recover cryptoassets.
Crypto / Digital Assets
Korea’s New Rules for Crypto Will Have to Wait
By Sanday Chongo Kabange | 26/09/2022
An FSC official said new legislation for the crypto sector will only be effective if there is international consistency.
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