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Crypto / Digital Assets
Five Key Points From the FSB’s Review Of Crypto Assets
By John Ho | 25/10/2022
John Ho and Arushi Goel outline five key takeaways from the FSB’s proposals for regulating crypto assets and so-called global stablecoins.
Crypto / Digital Assets
US Tax Filing Instructions Amendments Includes NFT Reference
By Editors | 24/10/2022
The new language obliged individual taxpayers to report income received from disposals of NFTs, as well as any other “digital asset”.
Big Picture
BIS Innovation Hub, HKMA Publish Project Aurum Findings
By Editors | 24/10/2022
A two-tier prototype system was developed to test intermediated CBDC as well as stablecoins backed by CBDC in the interbank system.
Crypto / Digital Assets
Japan Set to Relax Rules for Crypto Token Listings – Report
By Sanday Chongo Kabange | 23/10/2022
Crypto tokens will reportedly be able to list within 30 days. Currently, the screening process for a new listing takes around six months to a year.
AML / KYC
US Sanctions, Files Criminal Charges Against Russians
By Editors | 21/10/2022
The sanctions target a procurement network supplying technology to Russia. The indictment explains that crypto was used to facilitate the payments.
Crypto / Digital Assets
Bangladesh Banks Ordered to Stamp Out Crypto Activity
By Mark Johnston | 21/10/2022
Bangladesh Bank has ordered FIs to enhance their monitoring and report transactions suspected to be linked to crypto assets.
AML / KYC
Japan Authorities Warn Crypto Firms of Lazarus Group Threat
By Manesh Samtani | 20/10/2022
An advisory calls on crypto firms to strengthen their security controls, and implement staff and user training programmes.
Crypto / Digital Assets
Japan FSA Commences Annual Cyberattack Drills with FIs
By Editors | 20/10/2022
The participants include banks, credit unions, securities firms, payment providers, money transfer agents and crypto exchanges.
Crypto / Digital Assets
Hong Kong Leader Announces Measures to Revitalise City
By Manesh Samtani | 20/10/2022
Lee’s administration will work to speed up the implementation of mutual market access arrangements with the mainland, among other measures.
Crypto / Digital Assets
Energy Crisis May Force EU Crypto Mining Suspension
By Mark Johnston | 19/10/2022
The European Commission said EU member states must be ready to stop crypto-asset mining activities if there is a need for load shedding in electricity systems.
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