CRYPTO / DIGITAL ASSETS

    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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