Crypto / Digital Assets

Crypto / Digital Assets

ANNA, DTIF to Streamline Digital Asset Regulatory Reporting

By Editors | 19/07/2024

ANNA and DTIF will work to integrate DTIs and ISINs in KYAX’s reporting tool to simplify compliance with reporting requirements under MiCA and EMIR Refit.

AML / KYC

Taiwan FSC Imposes AML Fine on Crypto Firm ACE Exchange

By Editors | 19/07/2024

ACE Exchange failed to verify customer identities and to set different transaction monitoring thresholds based on customer risk levels, among other violations.

Crypto / Digital Assets

New Virtual Asset Law Takes Effect in South Korea

By Manesh Samtani | 19/07/2024

The FSC expects the law to establish a foundation to provide safe protection for users and sound order in the virtual asset market.

Crypto / Digital Assets

HKMA Names First Participants of Stablecoin Sandbox

By Sanday Chongo Kabange | 19/07/2024

The participants are Jingdong Coinlink Technology, RD InnoTech, Standard Chartered, Animoca Brands, and HKT.

Crypto / Digital Assets

Hong Kong Publishes Results from Stablecoin Consultation

By Sanday Chongo Kabange | 18/07/2024

Based on feedback, the FSTB and HKMA will prepare a bill to implement a regulatory regime for stablecoins and submit it to LegCo later this year.

AML / KYC

Taiwan Strengthens AML Requirements for Crypto Firms

By Nithya Subramanian | 18/07/2024

The amended law requires crypto platforms to establish local entities and complete a registration process to offer services in Taiwan.

Enforcement

CFTC, FTX Reach Agreement on $12.7b Settlement

By Editors | 17/07/2024

The CFTC is only payable to the extent that funds are available after customer and creditor claims are settled.

Crypto / Digital Assets

BCBS Publishes Final Standards for Bank Crypto Exposures

By Manesh Samtani | 17/07/2024

The BCBS published final amendments to the prudential standard and the final disclosure framework for banks’ cryptoasset exposures.

Crypto / Digital Assets

US to List First Spot Ether ETFs Next Week – Reports

By Editors | 17/07/2024

Final approvals for up to eight spot ether ETFs are expected on Monday. Trading is expected to start the next day.