CRYPTO / DIGITAL ASSETS

Fintech / Regtech

Myanmar Military Government Seeks to Launch Digital Currency

By Editors | 07/02/2022

Myanmar’s military regime is reportedly considering issuing a digital currency as a joint venture with local companies.

Fintech / Regtech

BOT Sets Out Plans for ‘New Financial Landscape’

By Mark Johnston | 07/02/2022

The BOT will introduce virtual bank licences, relax fintech investment limits for banks, promote open data, and establish TCFD aligned disclosure standards.

AML / KYC

Crypto Prepares for a Regulated Future

By David Liu | 07/02/2022

As crypto goes mainstream, regulatory compliance will require robust and financial institution-grade AML and KYC processes, says David Liu.

AML / KYC

Australian Billionaire Launches Criminal Proceedings Against Facebook

By Editors | 06/02/2022

Fortescue Metals Group chairman Andrew Forrest alleges that Facebook broke AML laws by failing to prevent crypto scams from being advertised on its platform.

Fintech / Regtech

IMF Urges El Salvador to Remove Bitcoin’s Legal Tender Status

By Editors | 03/02/2022

The IMF said the adoption of a cryptocurrency as legal tender entails “large risks” relating to financial stability, financial integrity, and consumer protection.

Fintech / Regtech

India to Introduce Digital Rupee in Coming Fiscal Year

By Manesh Samtani | 03/02/2022

Finance minister Nirmala Sitharaman said the RBI will introduce a CBDC in the coming fiscal year and crypto profits will be taxed at 30 percent.

Fintech / Regtech

Thailand Finalises Tax Policy for Income from Crypto Trading

By Editors | 02/02/2022

Individuals will have to include profits from cryptocurrency trading as assessable income when filing personal income tax returns.

Capital / Liquidity

APRA Commences Initiative to Modernise Prudential Architecture

By Editors | 02/02/2022

APRA says there will be a need for innovation in regulation and new rules, including to address how crypto-assets are treated for prudential purposes.

AML / KYC

HKMA, SFC Allow Intermediaries to Offer Crypto Services

By Manesh Samtani | 31/01/2022

Authorised institutions and licensed corporations wishing to offer virtual asset dealing services can do so only by partnering with SFC-licensed trading platforms.