Crypto / Digital Assets

AML / KYC

US Court Orders BitMEX Co-Founders to Pay $30m in Fines

By Editors | 08/05/2022

The orders follow the CFTC’s $100mn settlement with five BitMEX entities last year over violations of US derivatives and AML regulations.

AML / KYC

Central African Republic Adopts Bitcoin as Legal Tender

By Editors | 06/05/2022

The adoption of Bitcoin as legal tender is expected to make transactions in CAR easier, but the move is seen as part of a power struggle between Russia and France.

Fintech / Regtech

J5 Publishes Red Flag Indicators to Address NFT Risks

By Editors | 05/05/2022

Tax enforcement agencies provide a list of account and transaction attributes from NFT marketplaces that may indicate fraud or other illicit activity.

Big Picture

DTCC Calls for Greater Scrutiny of Interconnectedness Risks

By Editors | 05/05/2022

Interconnectedness, while providing benefits, poses certain risks that need to be recognised and analysed to guard against system-wide vulnerabilities, DTCC says.

Enforcement

US SEC Expands Enforcement Unit Dedicated to Crypto, Cyber

By Editors | 05/05/2022

The additional resources will be used to prioritise investigations related to crypto asset offerings, exchanges, lending and staking products, as well as DeFi platforms, NFTs and stablecoins.

Fintech / Regtech

S. Korea Set to Delay Capital Gains Tax for Crypto

By Editors | 04/05/2022

President-elect Yoon Seok-yeol is planning to defer the tax to 2025 to allow time for the enactment of a new set of regulations designed to protect consumers.

Securities / Derivatives

AIMA Publishes Institutional Investor Guide on Digital Asset Custody

By Editors | 04/05/2022

The guide was produced with contributions from Anchorage Digital, Barclays Investment Bank, Capco, Coinbase, Copper, Digivault, and Fidelity Digital Assets, among others.

AML / KYC

India: CERT-In Includes Crypto Firms in New Directions

By Manesh Samtani | 03/05/2022

The directions require crypto exchanges, custodians and wallet providers in India to retain KYC information for five years and report cyber incidents to CERT-In.

AML / KYC

Singapore: Revolut, Luno Get In-Principle Approval to Offer DPT Services

By Editors | 02/05/2022

MAS managing director Ravi Menon described the licensing process as necessarily stringent for Singapore to be a responsible global crypto hub.