CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Nasdaq Publishes Guide on Global Crypto Regulation

By Editors | 14/04/2022

Nasdaq has published a summary of laws and regulations governing the trading of crypto assets around the world.

AML / KYC

Man Jailed for Attempting to Help DPRK Evade Sanctions with Crypto

By Editors | 14/04/2022

The DOJ says known hacker Virgil Griffith was developing crypto infrastructure in North Korea and attempting to broker introductions to service providers to facilitate sanctions evasion.

AML / KYC

Crypto Firms and Sanctions: Five Tools for Compliance

By Manesh Samtani | 12/04/2022

Sanctions screening starts with effective KYC, says Refinitiv’s Neil Vaz, pointing to five “universal tools” crypto firms need to ensure compliance.

Fintech / Regtech

Singapore Crypto Firms Offered Clarity on Advertising Ban

By Darien Choong | 12/04/2022

Industry bodies have formed a task force to draft a code of practice to address issues around marketing and advertising of crypto services, as suggested by MAS.

Crypto / Digital Assets

Shinhan Bank to Pilot Crypto Service for Corporate Clients

By Editors | 12/04/2022

Shinhan, through its partner exchange Korbit, will become the first Korean bank to allow businesses to invest in cryptocurrencies.

Crypto / Digital Assets

New Korean Government to Ease Real Estate Lending Rules

By Mark Johnston | 11/04/2022

President-elect Yoon Suk-yeol’s government plans to relax LTV ratio restrictions and reduce taxes on owners of multiple homes.

Fintech / Regtech

APRA to Set Out Expectations for FIs Dealing in Digital Assets

By Editors | 11/04/2022

APRA will not be introducing new regulatory requirements for FIs or attempting to hinder innovation. Rather, it will be asking them to closely assess and monitor new operational risks.

Crypto / Digital Assets

Indonesia to Start Taxing Crypto Investments, Fintech Services in May

By Editors | 10/04/2022

Indonesia will charge a capital gains tax and VAT on crypto transactions, as well as interest and fees generated from fintech services, starting on 1 May 2022.

Enforcement

ASIC Charges Firm for Offering Crypto Loans Without Credit Licence

By Sanday Chongo Kabange | 09/04/2022

ASIC has charged Helio Lending for falsely representing that it had a credit licence that allowed it to offer cryptocurrency-backed loans.