Crypto / Digital Assets

Crypto / Digital Assets

Korea Has Seized $182m in Crypto from Tax Delinquents

By Editors | 27/09/2022

The largest seizure from a single delinquent taxpayer was worth around KRW 12.5 billion, or about USD 8.8 million.

Crypto / Digital Assets

RBA to Commence CBDC Pilot Tests Early Next Year

By Editors | 26/09/2022

The CBDC will be called eAUD. Industry participants are invited to propose CBDC use cases, and to participate in testing. Expressions of interest are due by 31 October.

AML / KYC

UK Introduces Economic Crime Bill to Parliament

By Editors | 26/09/2022

The Bill targets beneficial ownership transparency and will also make it easier for law enforcement to seize and recover cryptoassets.

Crypto / Digital Assets

Korea’s New Rules for Crypto Will Have to Wait

By Sanday Chongo Kabange | 26/09/2022

An FSC official said new legislation for the crypto sector will only be effective if there is international consistency.

Enforcement

Interpol Issues Red Notice for Terraform Labs Founder

By Mark Johnston | 26/09/2022

The red notice for Do Kwon was issued at the request of Korean prosecutors, who say he is wanted for alleged capital market violations.

Crypto / Digital Assets

ICMA Publishes Guidance on DLT-based Bonds

By Editors | 26/09/2022

The FAQs are designed to provide “non-experts” a basic understanding of DLT bonds and their impact on capital markets.

Crypto / Digital Assets

India to Finalise Stance on Crypto in Early 2023 – Reports

By Editors | 25/09/2022

The government plans to finalise its stance by February-March 2023, ahead of a May deadline to respond to the FATF.

Crypto / Digital Assets

Indonesia to Tighten Rules for Crypto Exchanges – Report

By Editors | 25/09/2022

Crypto exchanges will have to post Indonesian citizens resident in the country to at least two-thirds of their board seats.

Crypto / Digital Assets

US SEC Accounting Guidance Disrupts Banks Crypto Projects

By Mark Johnston | 24/09/2022

Accounting guidance issued in March has reportedly forced US listed banks that were building out crypto offerings to suspend their plans.