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AML / KYC
Australian Billionaire Launches Criminal Proceedings Against Facebook
By Editors | 06/02/2022
Fortescue Metals Group chairman Andrew Forrest alleges that Facebook broke AML laws by failing to prevent crypto scams from being advertised on its platform.
Fintech / Regtech
IMF Urges El Salvador to Remove Bitcoin’s Legal Tender Status
By Editors | 03/02/2022
The IMF said the adoption of a cryptocurrency as legal tender entails “large risks” relating to financial stability, financial integrity, and consumer protection.
Fintech / Regtech
India to Introduce Digital Rupee in Coming Fiscal Year
By Manesh Samtani | 03/02/2022
Finance minister Nirmala Sitharaman said the RBI will introduce a CBDC in the coming fiscal year and crypto profits will be taxed at 30 percent.
Fintech / Regtech
Thailand Finalises Tax Policy for Income from Crypto Trading
By Editors | 02/02/2022
Individuals will have to include profits from cryptocurrency trading as assessable income when filing personal income tax returns.
Capital / Liquidity
APRA Commences Initiative to Modernise Prudential Architecture
By Editors | 02/02/2022
APRA says there will be a need for innovation in regulation and new rules, including to address how crypto-assets are treated for prudential purposes.
AML / KYC
HKMA, SFC Allow Intermediaries to Offer Crypto Services
By Manesh Samtani | 31/01/2022
Authorised institutions and licensed corporations wishing to offer virtual asset dealing services can do so only by partnering with SFC-licensed trading platforms.
AML / KYC
Europol Outlines Different Ways Criminals Use Cryptocurrency
By Sanday Chongo Kabange | 29/01/2022
A new Europol report highlights that the illicit use of crypto includes “all types of crime that require transfers of monetary value”.
Crypto / Digital Assets
Myanmar to Ban Crypto Under New Cybersecurity Law
By Sanday Chongo Kabange | 28/01/2022
Under the proposed law, using cryptocurrency may lead to imprisonment of 6-12 months in prison or fines up to USD 2800.
Fintech / Regtech
OJK Indonesia Bars FIs From Facilitating Crypto Trading
By Editors | 28/01/2022
OJK warns of market fluctuations and other risks, including the existence of crypto investment Ponzi schemes.
AML / KYC
Taiwan FSC Identifies Crypto ATMs Breaching AML Rules
By Editors | 28/01/2022
Of 16 companies that have reported their AML compliance to the FSC, 13 will be required to make corrections.
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