Crypto / Digital Assets

AML / KYC

FATF Concerned About Impact of Ukraine Invasion on Risk Environment

By Editors | 06/03/2022

Russia’s actions run counter to the FATF core principles. The FATF is reviewing Russia’s role at the FATF and will consider steps to uphold its core values.

Crypto / Digital Assets

Thailand SEC Tightens Custody Rules for Digital Assets

By Mark Johnston | 05/03/2022

The SEC is also proposing requirements for digital asset businesses to disclose service quality information on their websites.

Fintech / Regtech

US SEC Probes Whether NFTs Are Being Used Like Securities

By Editors | 05/03/2022

The SEC has reportedly sent subpoenas demanding information about NFT offerings that could be raising funds like traditional securities.

AML / KYC

KoFIU Directs Crypto Exchanges to Improve AML Staffing

By Sanday Chongo Kabange | 05/03/2022

The proportion of staff dedicated to AML compliance at Korea’s crypto exchanges stands at around 8 percent.

AML / KYC

DOJ Launches New Task Force Targeting Russian Oligarchs

By Editors | 04/03/2022

Task Force KleptoCapture will use “the most cutting-edge investigative techniques” to identify sanctions evasion and related criminal misconduct by Russian oligarchs.

Crypto / Digital Assets

SET to Launch Digital Asset Exchange ‘Very Soon’

By Editors | 03/03/2022

The new digital asset exchange will not offer cryptocurrency trading, but instead focus on investment tokens and utility tokens.

Fintech / Regtech

India’s ASCI Issues Advertising Guidelines for Crypto Products

By Mark Johnston | 03/03/2022

All virtual asset-related ads released on or after 1 April must carry a disclaimer; Certain words associated with regulated products are will be prohibited.

Fintech / Regtech

EU Delays Vote on MiCA Legislation Following Backlash

By Mark Johnston | 03/03/2022

A vote on the EU’s regulatory framework for crypto-assets was delayed due to outcry over wording that would ban proof-of-work consensus protocols in 2025.

AML / KYC

SWIFT Ban Spares Russian Banks Facilitating EU Energy Trade

By Manesh Samtani | 03/03/2022

Sberbank and Gazprombank not included in ban; Global banks demonstrating “extreme caution”; Crypto exchanges under pressure to Russia-linked transactions.