CRYPTO / DIGITAL ASSETS

AML / KYC

Sydney Court Jails Man for Cryptocurrency Money Laundering

By Sanday Chongo Kabange | 08/04/2021

The man used other people’s identities to set up accounts with a cryptocurrency provider, which he used to withdraw stolen bitcoin.

Crypto / Digital Assets

Thailand SEC to Require Crypto Investors to Have Experience

By Sanday Chongo Kabange | 08/04/2021

Under the new regulations, cryptocurrency investors must have previous experience or training to prove their knowledge of cryptocurrency.

Crypto / Digital Assets

BNM to Explore Benefits of CBDC Issuance Through PoCs

By Sanday Chongo Kabange | 07/04/2021

BNM does not have any immediate plans to issue a CBDC but will actively assess the potential value proposition of digital currencies.

AML / KYC

Japan Crypto Industry to Adopt Travel Rule by April 2022

By Sanday Chongo Kabange | 07/04/2021

The FSA has written to the JVCEA advising it to start preparing for the implementation of the travel rule in Japan’s crypto industry.

Crypto / Digital Assets

PBOC Proposes Global Rules for CBDC Monitoring, Data Sharing

By Sanday Chongo Kabange | 01/04/2021

The PBOC suggests CBDC systems of different jurisdictions should be interoperable for monitoring and information sharing.

Crypto / Digital Assets

India MCA Directs Companies to Disclose Crypto Dealings

By Editors | 01/04/2021

Companies are required to disclose their cryptocurrency dealings as well as profits and losses on these transactions in their financial statements.

AML / KYC

MAS Offers New AML/CFT Guidance for VASPs

By Editors | 28/03/2021

MAS has identified several VASPs that have not come forward for licensing despite operating in Singapore or soliciting business from Singapore residents.

Crypto / Digital Assets

CFTC Penalises Coinbase for False Reporting, Wash Trading

By Editors | 23/03/2021

The settlement requires Coinbase to pay $6.5mn, and desist from any further violations of the Commodity Exchange Act or CFTC regulations.

Fintech / Regtech

BSP, PDAX to Cooperate on Crypto-and-Fintech Regulatory Sandbox

By Editors | 23/03/2021

A crypto-and-fintech regulatory sandbox will boost innovation and technological advancement in financial services, while also increasing public participation in these markets.