CRYPTO / DIGITAL ASSETS

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    Sanctions

    US, UK, Australia Announce New Round of Hamas Sanctions

    By Editors | 23/01/2024

    OFAC said the sanctions target Hamas, its financiers, and its international financial infrastructure, including crypto transfers.

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    Crypto / Digital Assets

    Hong Kong Firm Targets Spot Bitcoin ETF Launch in Q1

    By Nithya Subramanian | 22/01/2024

    Venture Smart Financial Holdings aims to accumulate USD 500 million in assets under management by the end of 2024.

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    Crypto / Digital Assets

    Spot Bitcoin ETFs Not Suitable for Singapore Retail Investors: MAS

    By Editors | 19/01/2024

    Those who choose to trade spot Bitcoin ETFs in overseas markets must exercise extreme caution, MAS said.

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    Crypto / Digital Assets

    Global Crypto Crime Gains Fall; Stablecoins Rise: Report

    By Nithya Subramanian | 19/01/2024

    The global amount received by illicit cryptocurrency addresses in 2023 fell 39 per cent, while stablecoins accounted for 60 per cent of illicit transactions, revealed Chainalysis.

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    Crypto / Digital Assets

    US IRS Clarifies Crypto Tax Reporting Rules

    By Mark Johnston | 19/01/2024

    The IRS and Treasury clarify that crypto tax reporting rules will require issuing regulations before it goes into effect, which could take years.

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    Crypto / Digital Assets

    Thai SEC Updates Crypto Rules on Retail Access, Custody, Advertising

    By Editors | 18/01/2024

    The updates remove some restrictions on retail investors, support the creation of custodial wallet provider businesses, and reduce the documentary burden presented by advertising rules.

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    AML / KYC

    Cryptos Popular Among Money Launderers in SE Asia: UN Report

    By Nithya Subramanian | 18/01/2024

    Tether has emerged as a preferred choice for regional cyberfraud operations due to its stability and the ease, anonymity, and low fees of its transactions.

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    AML / KYC

    EBA Issues Guidelines on ML/TF Risks Associated with CASPs

    By Ranamita Chakraborty | 17/01/2024

    The guidelines will foster a common understanding of ML/TF risks associated with crypto-assets service providers, the EBA said.

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    Crypto / Digital Assets

    BIS to Explore Tokenisation of Promissory Notes Used to Funds MDBs

    By Editors | 15/01/2024

    Project Promissa intends to simplify the management of the notes and provide a single source of truth for all counterparties throughout the notes’ lifecycles

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    AML / KYC

    NYDFS Announces $8m Settlement With Genesis Global Trading

    By Editors | 15/01/2024

    Genesis Global Trading is also required to give up its BitLicense and cease all operations in New York as part of the settlement.

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