Crypto / Digital Assets

    Crypto / Digital Assets

    Thai SEC Revises Definitions for Institutional, HNW Investors

    By Editors | 16/03/2022

    Institutional investors will include those with the ability to analyse and absorb risks in complex and high-risk products, such as VC and PE firms, investment analysts, and company directors.

    Fintech / Regtech

    S. Korea Elects Pro-Crypto President, Yoon Suk-yeol

    By Mark Johnston | 16/03/2022

    President-elect Yoon Suk-yeol has promised to overhaul Korea’s regulatory framework for cryptocurrency, and to relax crypto taxation policies.

    Fintech / Regtech

    Dubai Establishes New Law, Regulator for Crypto Assets

    By Mark Johnston | 16/03/2022

    The new law comes as crypto firms in the UAE receive streams of requests from sanctioned Russians to liquidate billions of dollars of crypto assets.

    AML / KYC

    INTERPOL Launches Financial Crime and Anti-Corruption Centre

    By Editors | 16/03/2022

    The new centre will adopt a multi-agency approach to drive a coordinated global response to transnational financial crime and corruption.

    Fintech / Regtech

    MAS Guidance on Stablecoins Set to Impact Crypto Firms

    By Manesh Samtani | 15/03/2022

    Stablecoins must be treated as DPTs rather than e-money. A new notice specifies a risk warning that must be provided to all customers of DPT services.

    Crypto / Digital Assets

    Australia: Senator Calls on Govt to Accelerate Work on Crypto Regulation

    By Darien Choong | 15/03/2022

    Senator Andrew Bragg said the government should hire experts to permanently work on crypto regulation within a dedicated unit of Treasury.

    Fintech / Regtech

    Thailand to Offer Tax Exemptions on Crypto Trades

    By Editors | 14/03/2022

    Traders will be allowed to offset annual losses against crypto gains for taxes purposes. Crypto trades will also be exempt from a 7 percent VAT.

    AML / KYC

    G7 to Downgrade Russia Trade Status, Close Sanctions Loopholes

    By Editors | 13/03/2022

    US bans more Russian trade. G7 pledges to close national-level loopholes that could enable sanctions evasion via crypto-assets, among other commitments.

    Fintech / Regtech

    Japan Crypto Industry Set to Adopt Travel Rule

    By Editors | 13/03/2022

    The travel rule will increase transparency on the individuals and entities crypto exchanges deal with, as the government seeks to prevent sanctions evasion.

    Fintech / Regtech

    Paxos, Sygnum to Offer Digital Asset Services in Singapore

    By Editors | 11/03/2022

    Paxos will gain a DPT licence under the Payment Services Act. Sygnum will provide fund unit tokenisation and securitise NFTs and metaverse assets.

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