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Enforcement
US Court Allows Use of Crypto Firm’s Records to Identify Tax Cheats
By Editors | 23/08/2022
Crypto prime dealer SFOX will have to reveal the identities of customers who are US taxpayers and information on their crypto transactions.
Fintech / Regtech
DTCC Goes Live With New DLT-Based Settlement Platform
By Editors | 23/08/2022
The Project Ion platform is now parallel processing an average of over 100,000 bilateral equity transactions per day.
Crypto / Digital Assets
Australia Set to Begin Consultation on Crypto Regulation
By Editors | 23/08/2022
Treasury will prioritise ‘token mapping’ work in 2022, to help identify how crypto assets and related services should be regulated. A consultation will be released “soon”.
Crypto / Digital Assets
Korean Brokerages Seeking Licences to Establish Crypto Businesses
By Editors | 23/08/2022
Mirae Asset Securities and Samsung Securities are among seven firms seeking a licence. The government separately said airdrops will be subject to a gift tax.
Crypto / Digital Assets
US SEC Files Suit Against Crypto Entities Over ICO Sale
By Mark Johnston | 22/08/2022
Blockchain firm Dragonchain raised about $16.5mn without registering its token sales as securities offerings.
AML / KYC
Almost $2b Stolen from Crypto Hacks in H1 2022: Chainalysis
By Editors | 22/08/2022
The value stolen from crypto hacks increased 60% from the same pariod last year, largely attributed to vulnerabilities of DeFi protocols.
AML / KYC
Korean Authorities to Block, Investigate 16 Foreign Crypto Firms
By Editors | 21/08/2022
The unregistered foreign VASPs including KuCoin were referred for investigation and will have their websites and transactions blocked in Korea.
Crypto / Digital Assets
Thailand: Crypto Custody Added as Distinct Licence Category
By Editors | 19/08/2022
Digital asset depository service providers already operating in Thailand have until 11 October to submit a licence application to the SEC.
Crypto / Digital Assets
ASX, Zerocap Complete Digital Asset Custody POC
By Editors | 18/08/2022
The project will support custody on Synfini, ASX’s new DLT-as-a-Service platform, for any tokenised asset, including crypto.
Crypto / Digital Assets
South Korea Launches Private-Public Taskforce on Digital Assets
By Sanday Chongo Kabange | 18/08/2022
The new taskforce will examine new legislation that ensures a “proper balance” between innovation, and investor protection and financial stability.
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