Crypto / Digital Assets

AML / KYC

Bangladesh Officials Confirm Use of Bitcoin to Finance Terrorism

By Editors | 13/03/2021

Two arrested militants have reportedly confessed to receiving funds through Bitcoin from extremist groups since 2014.

AML / KYC

FSC Korea Proposes New Penalty Standards for VASPs

By Editors | 11/03/2021

FIs and VASPs can be penalised for failing to report and maintain records of suspicious transactions, and failures to properly manage customers’ transactions records.

AML / KYC

John McAfee Indicted for Crypto-related Fraud, Money Laundering

By Sanday Chongo Kabange | 08/03/2021

McAfee and his associate allegedly used their large Twitter following to promote altcoins and ICOs to investors through a so-called pump-and-dump scheme.

AML / KYC

FATF Publishes Guidance on Risk-based AML/CFT Supervision

By Editors | 08/03/2021

The guidance includes practical advice to address common challenges in risk-based supervision, including examples of strategies for supervising DNFBPs and VASPs.

Enforcement

Ripple, Top Execs File Responses to SEC Complaint

By Manesh Samtani | 06/03/2021

At meetings with crypto trading platforms as recently as 2019, SEC staff did not indicate it may have considered XRP a security, Ripple says.

Crypto / Digital Assets

BOK to Establish CBDC Pilot System Within March

By Sanday Chongo Kabange | 01/03/2021

The BOK has almost completed the design and technical study of its CBDC, but does not intend to rush into the pilot before undertaking legal and regulatory assessments.

Crypto / Digital Assets

Etrading Software Becomes Registration Authority for DTIs

By Editors | 01/03/2021

The UK-headquartered technology provider has been nominated to become the registration authority for the new ISO standard for Digital Token Identifiers.

Crypto / Digital Assets

Thailand SEC to Enhance Protections for Digital Asset Investors

By Editors | 01/03/2021

The SEC is consulting new qualifications for retail investors in digital assets, and requiring digital asset fund managers and investment advisors to be licensed.

Crypto / Digital Assets

IOSCO Publishes Work Programme for 2021-2022

By Editors | 28/02/2021

New priorities will be to address the risks of NBFI activities and risks exacerbated by the Covid-19 pandemic such as misconduct, fraud and operational resilience.