The updated AML/CFT guideline includes a new stand-alone chapter on regulatory requirements and standards for addressing ML/TF risks associated with virtual assets.
Huobi is directed to stop advertising to Malaysian investors and to remove its app from local app stores.
By tokenising the three-month fixed coupon note and distributing it on ADDX's platform, OCBC will have access to ADDX's global accredited investor base.
The recommendations cover activities including offering, admission to trading, ongoing trading, settlement, market surveillance and custody, and retail distribution.
The FSA had already issued rules for travel rule implementation, but a definitive date for enforcement had not been set until now.
The SFC will start accepting licence applications from virtual asset trading platforms starting 1 June.
The amendments, if passed, will require all public officials and candidates to disclose their crypto assets.
The calls for UPI access to be restored come after India’s government added virtual assets to the country's Prevention of Money Laundering Act in March.
The Supreme People’s Procuratorate said prohibiting transactions in cryptocurrencies is an important safeguard for the digital collectibles industry.
Westpac said the move could save millions after it found that a third of all scam payments were transferred directly to crypto exchanges.
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