CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

China Names Crypto Mining as Prohibited Activity on ‘Negative List’

By Sanday Chongo Kabange | 14/10/2021

China’s latest ‘negative list’ removes six industries, while introducing new restrictions for the media, finance and cryptocurrency sectors.

Crypto / Digital Assets

S. Korea to Start Taxing Cryptocurrency Gains Next Year

By Sanday Chongo Kabange | 10/10/2021

Any further delay will lead to “the loss of public trust in government policy and undermine stability in the legal system”, said finance minister Hong Nam-ki.

Crypto / Digital Assets

FSB Takes Stock of Progress to Regulate ‘Global Stablecoins’

By Mark Johnston | 08/10/2021

The FSB highlights concerns that new regulatory regimes for global stablecoins could give rise to regulatory arbitrage and harmful market fragmentation.

Crypto / Digital Assets

Coinbase to Reimburse 6,000 Customers Following Crypto Theft

By Sanday Chongo Kabange | 08/10/2021

Coinbase is working with law enforcement to support its investigation into the individuals behind the hack.

Fintech / Regtech

Etrading Software Opens Registration for Digital Token Identifiers

By Mark Johnston | 08/10/2021

The new DTI Registry went live in July. Identifiers have already been issued for the top 100 cryptocurrencies by market cap.

AML / KYC

US DOJ Creates National Cryptocurrency Enforcement Team

By Editors | 07/10/2021

The NCET will cooperate with international law enforcement agencies as well as private sector actors to target the criminal misuse of cryptocurrency.

AML / KYC

New Zealand Consults on Broad Changes to AML/CFT Act

By Manesh Samtani | 07/10/2021

Changes being considered include the introduction of a new registration regime for all AML/CFT businesses, a licensing regime for VASPs, and direct penalties for senior managers.

AML / KYC

First Taiwan Crypto Exchange Reports on AML Compliance

By Mark Johnston | 07/10/2021

Eight crypto exchanges were asked to submit AML compliance statements to the regulator by the end of November.

Fintech / Regtech

ISDA to Develop Standard Documentation for Crypto Derivatives

By Mark Johnston | 06/10/2021

ISDA CEO Scott O’Malia says a new working group has been formed to develop standard documentation for crypto derivatives.