Digital currency exchanges have to meet additional requirements to continue using services on Cuscal's platform.
Fan Yifei has been arrested and is now the subject of a criminal investigation for alleged bribery and abuse of power offences.
OJK's Mahendra Siregar said the new regulations are aligned with the FATF standards, and will help Indonesia become a FATF member.
New risk assessment highlights the use of social media platforms and cryptocurrencies by terrorist groups to raise funds.
The action plan includes measures to identify, block, prevent and punish fraud, and improve seizure and recovery practices.
The EBA says money laundering and terrorist financing risks are "not managed effectively" at EU payment institutions.
The five banks participating in the pilot phase are BOCHK, Standard Chartered, HSBC, Hang Seng Bank, and ICBC Asia.
The new tax rules exempt issuers from paying taxes on unrealised gains on tokens they issue and hold.
The Philippines’ Anti-Money Laundering Council’s executive director Matthew M. David talks to Regulation Asia about its action plan to take the country out of the Financial Action Task Force’s ‘Grey’ List.
The guidelines tighten the definition of beneficial ownership and require risk assessments before launching new products and services.
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