Crypto / Digital Assets

    Crypto / Digital Assets

    RBNZ to Start Monitoring Local Use of Crypto, Stablecoins

    By Manesh Samtani | 11/12/2022

    The monitoring framework will help the RBNZ understand how the market for new forms of money is developing and the implications for the monetary system.

    Crypto / Digital Assets

    US Probes FTX Founder for Suspected Terra Manipulation

    By Editors | 09/12/2022

    Prosecutors are reportedly looking into whether Sam Bankman-Fried manipulated the prices of TerraUSD and Luna to benefit entities he controlled.

    Crypto / Digital Assets

    Australian Regulators Progressing Work on Stablecoins, CBDC

    By Manesh Samtani | 09/12/2022

    The CFR is trying to incorporate payment stablecoins into the proposed framework for SVFs. Meanwhile RBA assistant governor warns that CBDC could threaten financial stability.

    Crypto / Digital Assets

    Europol Issues Recommendations on Crypto-related Money Laundering

    By Sanday Chongo Kabange | 08/12/2022

    Europol recommends close cooperation between enforcement bodies and crypto providers to curb associated crime and money laundering.

    AML / KYC

    Hong Kong Legislative Council Passes AML/CTF Amendment Bill

    By Manesh Samtani | 08/12/2022

    New licensing regime for VASPs will start on 1 June 2023. New registration regime for precious metals dealers will start on 1 April 2023.

    Crypto / Digital Assets

    NYDFS Sets Out Proposals to Charge Crypto Firms for Supervision

    By Editors | 08/12/2022

    The 22 crypto companies with a New York BitLicense will be subject to assessments to determine supervisory and examination costs.

    Crypto / Digital Assets

    Taiwan Regulators to Expand Scope of Crypto Regulation

    By Editors | 08/12/2022

    In response to the FTX collapse, Taiwan’s FSC plans to introduce regulations requiring local crypto exchanges to segregate their customers’ assets.

    AML / KYC

    Korea FSS Directs Shinhan Bank to Bolster Crypto AML Systems

    By Editors | 08/12/2022

    The recommendations follow bank inspections that were launched in response to suspicious FX transactions used by customers to exploit the so-called “kimchi premium”.

    Crypto / Digital Assets

    Three Firms Apply to Launch Crypto ETFs in Hong Kong

    By Editors | 07/12/2022

    Three fund managers have submitted applications to the SFC seeking approval to list ETFs in Hong Kong that invest in bitcoin and ether futures.

    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.

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