CRYPTO / DIGITAL ASSETS

AML / KYC

Malaysia SC Issues Revised AML/CFT/CPF Guidelines

By Editors | 17/06/2024

The updated guidelines include requirements to identify and perform due diligence on counterparty VASPs before transmitting information to them.

Crypto / Digital Assets

Japan Regulator Issues Orders Against Crypto Firm CoinBest

By Editors | 15/06/2024

CoinBest’s IEO operations are suspended and the company is required to make improvements to its management, internal control and AML/CFT systems.

Crypto / Digital Assets

UPDATED – ASX to List First Bitcoin ETF, Joining Cboe Australia

By Editors | 14/06/2024

APAC CEO Arian Neiron said VanEck recognised bitcoin as an emerging asset class that “many advisers and investors want to access”.

Crypto / Digital Assets

Ghana, MAS Complete Cross-border Trade PoC Using CBDC

By Nithya Subramanian | 14/06/2024

Project DESFT demonstrated that the eCedi can facilitate the participation of MSMEs in international trade.

Crypto / Digital Assets

Taiwan Crypto Industry Launches New “VASP Association”

By Editors | 14/06/2024

The VASP Association is charged with developing self-regulatory guidelines and best practices for the crypto industry.

Crypto / Digital Assets

Terraform, Do Kwon Agree $4.6b Settlement With US SEC

By Editors | 13/06/2024

The settlement comes after a New York jury in April found Terraform Labs and Do Kwon liable on civil fraud charges.

Fintech / Regtech

Benefits of Tokenisation Are “Overexaggerated”: WFE Paper

By Nithya Subramanian | 13/06/2024

The WFE says tokenisation work should continue, but that some of the benefits claimed are “overexaggerated”.

Crypto / Digital Assets

Thailand Revokes Crypto Licence Due to Regulatory Failures

By Nithya Subramanian | 12/06/2024

The SEC said the Minister of Finance has agreed to revoke Zipmex’s digital asset business licence to prevent damage to customers.

Crypto / Digital Assets

Australia Bans Use of Crypto, Credit for Online Gambling

By Editors | 12/06/2024

Cryptocurrencies, credit cards, and other new forms of credit cannot be used as payment methods for online gambling.