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Crypto / Digital Assets
MAS Grants DPT Licences to Sparrow, Digital Treasures Center
By Manesh Samtani | 02/08/2022
Sparrow and DTC were granted in-principle approval earlier this year. MAS will be consulting on proposed measures to enhance its regulatory framework in the next few months.
Crypto / Digital Assets
UK Law Commission Proposes Reforms to Accommodate Crypto
By Editors | 01/08/2022
New consultation paper proposes explicit recognition of digital assets under law as a distinct category of personal property, provisionally called ‘data objects’.
AML / KYC
Taiwan Prohibits Credit Card Usage for Crypto Transactions
By Darien Choong | 28/07/2022
Credit card companies that process payments for transactions involving virtual assets will have three months to stop.
Securities / Derivatives
CFTC, SEC Preparing to Tackle More Crypto-related Risks
By Manesh Samtani | 27/07/2022
The CFTC has a new innovation office and is realigning its customer education office. The SEC has appointed 20 new specialists to its crypto unit and wants a bigger budget.
AML / KYC
UK: Most Crypto Firms Simply Withdrew Their FCA Applications
By Mark Johnston | 26/07/2022
The FCA approved 35 crypto firms out of 273 that applied for registration with the FCA under AML regulations.
Crypto / Digital Assets
WEF Consortium Assesses Macro Impact of Crypto, Stablecoins
By Editors | 26/07/2022
Allowing crypto and stablecoins to play a role in the economy will bring the “highest macroeconomic net benefit to society”, the research finds.
AML / KYC
UK Requires Crypto Firms to Report Sanctions Breaches
By Editors | 26/07/2022
New regulations will require crypto exchanges and wallet providers to comply with OFSI’s reporting obligations from 30 August 2022.
Enforcement
Korea: Terra Investigators Seize Records from Crypto Firms
By Editors | 26/07/2022
Prosecutors have seized transaction records from seven crypto exchanges and some of their affiliates as part of a probe into Terra’s collapse.
Crypto / Digital Assets
US SEC Plans to Require Registration from Crypto Lending Firms
By Mark Johnston | 26/07/2022
SEC Chair Gary Gensler said many crypto lenders operate investment companies or banks, and that they should have to be registered under securities law.
Crypto / Digital Assets
South Korea Deferred Crypto Tax Plans Two Years
By Editors | 25/07/2022
The plan to tax crypto was deferred due to stagnant market conditions and a desire to first improve investor protections in the crypto sector.
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