Crypto / Digital Assets

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.

AML / KYC

EU Approves Russian Coal Ban, Australia Adds Sanctions

By Manesh Samtani | 08/04/2022

The EU approved bans on Russian coal imports, high-tech exports, port access, and more banks. Australia has sanctioned 67 more individuals.

Fintech / Regtech

Thai Crypto Firms Required to Issue Transaction Reports to Clients

By Editors | 07/04/2022

From 1 May, crypto businesses have to submit reports to customers within one day after a transaction is complete, allowing them to view records going back 18 months.

AML / KYC

US, German Authorities Target World’s Largest Darknet Market

By Manesh Samtani | 07/04/2022

OFAC has sanctioned Russia-based website Hydra Market and crypto exchange Garantex for facilitating transactions for ransomware actors.

Fintech / Regtech

Korean Banks to Request Entry into Crypto Sector – Report

By Editors | 07/04/2022

A report will be submitted to the incoming president’s transition committee requesting that banks be allowed to engage in the crypto sector.

Fintech / Regtech

UK Outlines Plan to Become Global Hub for Crypto

By Editors | 06/04/2022

The plan includes a regulatory framework for payment-related stablecoins, enhancements to the tax system, and greater engagement with the crypto industry.

AML / KYC

Singapore Tightens Laws on Technology Risk, Crypto Assets

By Sanday Chongo Kabange | 06/04/2022

FIs would face penalties over SGD 1 million for breaching TRM requirements. VASPs will have to be licensed to offer services in Singapore.

Fintech / Regtech

EU Lawmakers Vote to Adopt KYC Rules for Unhosted Crypto Wallets

By Darien Choong | 04/04/2022

The European Parliament voted to adopt requirements for crypto firms to gather and verify personally identifiable information of users of unhosted crypto wallets.

Fintech / Regtech

Visa, Western Union, GBBC Join Digital Dollar Project

By Editors | 03/04/2022

The new members were announced just weeks after President Joe Biden signed an executive order outlining a “whole-of-government approach” to evaluate digital assets including a CBDC.