Crypto / Digital Assets

Crypto / Digital Assets

PBOC Intensifies Crackdown on Cryptocurrency Activity

By Editors | 25/09/2021

Services for virtual currency transactions are deemed illegal, including those provided to Chinese residents by overseas crypto exchanges.

Fintech / Regtech

Korea: Deadline for Crypto Exchanges to Register Arrives

By Sanday Chongo Kabange | 23/09/2021

Five crypto exchanges and one wallet provider have so far submitted their registration documents. Only Upbit has been formally approved by the FSC.

Capital / Liquidity

Industry Bodies Call for Less Stringent Treatment of Cryptoassets

By Editors | 23/09/2021

The prudential framework envisaged by the BCBS consultation would create “material impediments” to regulated bank participation in cryptoasset markets.

AML / KYC

CFTC Investigates Binance for Possible Insider Trading

By Manesh Samtani | 22/09/2021

Binance reportedly has plans to become a licensed financial institution, with a centralised headquarters, to make it easier to work with regulators.

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.