CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

India Has “No Proposal” to Regulate Crypto Beyond Tax, AML

By Ajoy K Das | 09/08/2024

MOF official told Parliament the government will coordinate with global standard-setting bodies before considering any measures domestically.

Crypto / Digital Assets

Australian Police Obtain New Intelligence on Crypto Scams

By Sanday Chongo Kabange | 08/08/2024

The AFP identified over 2,000 compromised crypto wallets belonging to Australians by participating in a global anti-scam initiative launched by Chainalysis.

AML / KYC

US, Germany Take Down Illicit Crypto Platform Cryptonator

By Editors | 08/08/2024

Cryptonator facilitated transactions worth USD 1.4 billion, including those linked to sanctioned entities and criminal marketplaces.

Crypto / Digital Assets

US Court Orders Ripple to Pay $125m for Securities Law Violations

By Manesh Samtani | 08/08/2024

The order ends years-long litigation brought by the US SEC in December 2020. CEO Brad Garlinghouse said the ruling is a “victory”.

Crypto / Digital Assets

Mox Becomes First HK Virtual Bank to Offer Crypto ETFs

By Sanday Chongo Kabange | 08/08/2024

Mox customers can invest in bitcoin and ether ETFs listed in Hong Kong and the US via the bank’s mobile app.

AML / KYC

Revised Anti-Money Laundering Law Takes Effect in Taiwan

By Manesh Samtani | 08/08/2024

The amendments introduce criminal penalties for overseas crypto firms that offer services in Taiwan without establishing a local unit and complete an AML registration process.

AML / KYC

Taiwan FSC Imposes AML Fine on Crypto Firm Rybit

By Editors | 07/08/2024

Rybit failed to properly conduct customer risk assessments, confirm customer identities, and retain complete records, among other violations.

Crypto / Digital Assets

France Has Started Accepting Applications for MiCA Authorisation

By Ranamita Chakraborty | 07/08/2024

AMF said crypto firms already authorised to offer services in France have a transition period until 30 June 2026 to secure MiCA authorisation.

Crypto / Digital Assets

India Demands $86m in Back Taxes from Crypto Giant Binance

By Ajoy K Das | 06/08/2024

Binance is said to have earned more than $476mn in transaction fees from Indian customers between July 2017 and March 2024.