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AML / KYC
Japan Lawmakers Approve Revisions to Anti Financial Crime Laws
By Editors | 07/12/2022
The revisions will allow Japanese authorities to criminally punish crypto firms that do not comply with the Travel Rule.
Crypto / Digital Assets
SEC Thailand to Tighten Conflict Management Rules for ICO Portals
By Editors | 06/12/2022
Under the revised rules, ICO portals will also be allowed to outsource certain tasks to service providers, as long as they are not ‘core’ services.
Crypto / Digital Assets
HashKey, SEBA Form Partnership to Drive Digital Assets Adoption
By Editors | 06/12/2022
The groups will collaborate to accelerate the institutional adoption of digital assets in Hong Kong and Switzerland.
Crypto / Digital Assets
Bank Indonesia Outlines Plans to Commence CBDC Testing
By Editors | 05/12/2022
The first two phases will focus on experimentation with a wholesale CBDC. The third and final stage will involve end-to-end integration with a retail CBDC.
Crypto / Digital Assets
FTX Japan to Allow Withdrawals Starting in January
By Editors | 04/12/2022
Under Japanese law, crypto businesses are required to keep users’ assets segregated, shielding FTX Japan from the bankruptcy proceedings in the US.
Crypto / Digital Assets
DTCC Publishes Findings from Experimental CBDC Work
By Editors | 02/12/2022
The prototype developed was able to connect two distinct asset networks to enable “secure, resilient, and efficient security settlement with CBDC.”
AML / KYC
Texas Unseals Charges Against 21 Crypto Money Launderers
By Editors | 02/12/2022
The 21 US citizens charged helped to move proceeds from US fraud victims to foreign criminal organisations using crypto.
Crypto / Digital Assets
RBI Launches Pilot to Test CBDC with Consumers, Merchants
By Editors | 02/12/2022
The participating banks are State Bank of India, ICICI Bank, Yes Bank, IDFC First Bank, Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank.
Enforcement
Korean Prosecutors Seek More Terra-related Arrest Warrants
By Editors | 01/12/2022
New arrest warrants are sought for co-founder Daniel Shin, as well as Terraform Labs investors and engineers.
Crypto / Digital Assets
MAS Grants MetaComp Licence to Offer DPT Services in Singapore
By Editors | 01/12/2022
MetaComp, a unit of MetaVerse Green Exchange, is now able to offer regulated digital payment token services in Singapore.
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