Crypto / Digital Assets

AML / KYC

US Sanctions Crypto Firm Over Ransomware Payments

By Editors | 21/09/2021

OFAC has designated crypto OTC broker Suex, which operates from Russia, for facilitating transactions involving the proceeds of ransomware payments.

AML / KYC

Basel AML Index Calls Out Ineffectiveness Across Jurisdictions

By Manesh Samtani | 21/09/2021

Areas of AML/CFT policy that urgently need more attention are virtual assets, implementation effectiveness, beneficial ownership, and DNFBPs.

Crypto / Digital Assets

Philippine SEC Warns Against Dealing with Unlicensed Entities

By Editors | 21/09/2021

The SEC has warned against dealing with unlicensed forex brokers, crypto exchanges, and DeFi platforms among others.

Crypto / Digital Assets

Korea: Nearly 70 Crypto Exchanges Set to Suspend Services

By Sanday Chongo Kabange | 21/09/2021

Nearly 40 exchanges are set to suspend all services, while 28 have ISMS certification and can continue trading without the Korean won.

Crypto / Digital Assets

Laos Authorises Six Companies for Crypto Mining, Trading

By Editors | 18/09/2021

Government ministries will work with the central bank and national power utility to decide on rules governing the use of cryptocurrencies.

Fintech / Regtech

Korean Crypto Exchange Closures to Cost Investors $2.6b

By Sanday Chongo Kabange | 16/09/2021

The closure of almost 40 of Korea’s crypto exchanges would eliminate 42 so-called Kimchi coins and potentially result in $2.6bn in investor losses.

Capital / Liquidity

JBA Calls for Global Cryptoasset Regulations for Non-banks

By Manesh Samtani | 15/09/2021

A global regulatory framework for cryptoassets that only includes banks would exacerbate rather than contain financial stability risks.

AML / KYC

Three More Korean Crypto Exchanges Secure Deals with Banks

By Editors | 13/09/2021

Bithumb, Coinone, and Korbit will likely meet the 24 September deadline. Korean police are preparing for illegal incidents from exchanges that are forced to close.

Big Picture

EU Regulators Warn of Cyber Risk, Credit Losses, Market Exuberance

By Sanday Chongo Kabange | 12/09/2021

The EBA, ESMA and EIOPA warn of increasingly sophisticated cyber-attacks, deteriorating credit quality, and possible exuberance in markets.