Crypto / Digital Assets

Crypto / Digital Assets

Philippines: BSP to Suspend VASP Licensing for Three Years

By Editors | 15/08/2022

Starting from 1 September, new VASP licence applications will only be entertained if they come from existing BSP-supervised financial institutions.

Crypto / Digital Assets

Financial Education Gaps Prevent Retail Participation in Markets

By Manesh Samtani | 14/08/2022

New research from WEF, BNY Mellon and Accenture finds 29% of investors do not understand crypto, but nearly 40% said the same of stocks and bonds.

Crypto / Digital Assets

FSC Korea Starts Work on New Crypto Legislation

By Editors | 12/08/2022

The new “Digital Assets Basic Act” is likely to adopt various measures from 13 bills already proposed by lawmakers and pending in the National Assembly.

Crypto / Digital Assets

SEC, CFTC Propose Enhanced Reporting Rules for Hedge Funds

By Manesh Samtani | 11/08/2022

Under the proposed rules, large hedge funds and PE funds would have to report their crypto exposures for the first time.

Crypto / Digital Assets

Japanese Crypto Industry Bodies Call for Tax Reforms

By Editors | 11/08/2022

The JCBA and JVCEA are asking for income from crypto-asset transactions to be taxed separately at a rate of 20 percent, rather than together with other income.

Crypto / Digital Assets

MAS Rescinds IPA Granted to Crypto Lender Hodlnaut

By Editors | 11/08/2022

Hodlnaut froze withdrawals, token swaps and deposits on its platform on Monday to focus on stabilising its liquidity and preserving assets.

Crypto / Digital Assets

HKMA, InvestHK Invite Firms to Showcase CBDC Solutions

By Editors | 11/08/2022

A CBDC track has been added to Global Fast Track 2022. Banks, fintechs and tech firms are asked to submit innovative solutions in eight focus areas.

AML / KYC

Former BitMEX Exec to Pay Fine for Violating AML Law

By Editors | 11/08/2022

The US Attorney previously secured judgments against the firm’s three co-founders for violating US derivatives laws and AML rules.

Crypto / Digital Assets

RBA to Explore Australia-specific Use Cases for CBDC

By Editors | 10/08/2022

The research project is expected to take about a year to complete and will involve the development of a limited-scale CBDC pilot operating in a ring-fenced environment.