Crypto / Digital Assets

    Crypto / Digital Assets

    ASIC Seeks Extension of CFD Product Intervention Order to 2031

    By Sanday Chongo Kabange | 18/10/2021

    ASIC says there were 45 percent fewer loss-making retail client accounts and losses were smaller as a result of its October 2020 product intervention order.

    AML / KYC

    OFAC Issues Sanctions Guidance for Crypto Sector

    By Editors | 17/10/2021

    OFAC expects virtual currency operators to identify and block IP addresses that originate in sanctioned jurisdictions, including via VPNs.

    Crypto / Digital Assets

    Sri Lanka to Develop Regulatory Framework for Cryptocurrency

    By Sanday Chongo Kabange | 15/10/2021

    The committee will advise Sri Lanka’s cabinet on a regulatory framework for Sri Lanka for blockchain, digital banking and crypto mining.

    Crypto / Digital Assets

    S. Korean Legislators Seek to Delay Cryptocurrency Taxation

    By Sanday Chongo Kabange | 14/10/2021

    Lawmakers are proposing to delay plans to tax cryptocurrency gains by one year to 2023, and to impose a more generous tax framework.

    Crypto / Digital Assets

    China Names Crypto Mining as Prohibited Activity on ‘Negative List’

    By Sanday Chongo Kabange | 14/10/2021

    China’s latest ‘negative list’ removes six industries, while introducing new restrictions for the media, finance and cryptocurrency sectors.

    Crypto / Digital Assets

    S. Korea to Start Taxing Cryptocurrency Gains Next Year

    By Sanday Chongo Kabange | 10/10/2021

    Any further delay will lead to “the loss of public trust in government policy and undermine stability in the legal system”, said finance minister Hong Nam-ki.

    Crypto / Digital Assets

    FSB Takes Stock of Progress to Regulate ‘Global Stablecoins’

    By Mark Johnston | 08/10/2021

    The FSB highlights concerns that new regulatory regimes for global stablecoins could give rise to regulatory arbitrage and harmful market fragmentation.

    Crypto / Digital Assets

    Coinbase to Reimburse 6,000 Customers Following Crypto Theft

    By Sanday Chongo Kabange | 08/10/2021

    Coinbase is working with law enforcement to support its investigation into the individuals behind the hack.

    Fintech / Regtech

    Etrading Software Opens Registration for Digital Token Identifiers

    By Mark Johnston | 08/10/2021

    The new DTI Registry went live in July. Identifiers have already been issued for the top 100 cryptocurrencies by market cap.

    AML / KYC

    US DOJ Creates National Cryptocurrency Enforcement Team

    By Editors | 07/10/2021

    The NCET will cooperate with international law enforcement agencies as well as private sector actors to target the criminal misuse of cryptocurrency.

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