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AML / KYC
KoFIU Directs Crypto Exchanges to Improve AML Staffing
By Sanday Chongo Kabange | 05/03/2022
The proportion of staff dedicated to AML compliance at Korea’s crypto exchanges stands at around 8 percent.
AML / KYC
DOJ Launches New Task Force Targeting Russian Oligarchs
By Editors | 04/03/2022
Task Force KleptoCapture will use “the most cutting-edge investigative techniques” to identify sanctions evasion and related criminal misconduct by Russian oligarchs.
Crypto / Digital Assets
SET to Launch Digital Asset Exchange ‘Very Soon’
By Editors | 03/03/2022
The new digital asset exchange will not offer cryptocurrency trading, but instead focus on investment tokens and utility tokens.
Fintech / Regtech
India’s ASCI Issues Advertising Guidelines for Crypto Products
By Mark Johnston | 03/03/2022
All virtual asset-related ads released on or after 1 April must carry a disclaimer; Certain words associated with regulated products are will be prohibited.
Fintech / Regtech
EU Delays Vote on MiCA Legislation Following Backlash
By Mark Johnston | 03/03/2022
A vote on the EU’s regulatory framework for crypto-assets was delayed due to outcry over wording that would ban proof-of-work consensus protocols in 2025.
AML / KYC
SWIFT Ban Spares Russian Banks Facilitating EU Energy Trade
By Manesh Samtani | 03/03/2022
Sberbank and Gazprombank not included in ban; Global banks demonstrating “extreme caution”; Crypto exchanges under pressure to Russia-linked transactions.
Fintech / Regtech
Cambridge CCAF Launches Crypto Research Project
By Sanday Chongo Kabange | 02/03/2022
The research project will cover the environmental implications and broader ESG considerations of digital assets and their associated services, among other themes.
AML / KYC
China Supreme Court Makes Crypto Fundraising a Criminal Offence
By Editors | 02/03/2022
Fundraising that exceeds CNY 50 million, or losses involving at CNY 25 million or 5,000 people, could result in more than 10 years in prison.
AML / KYC
New EU-Wide AML Authority Expected to Oversee Crypto Firms
By Mark Johnston | 01/03/2022
A group of EU member states led by Germany is seeking to make the inclusion of cryptocurrency firms under the AMLA’s remit more explicit.
AML / KYC
BitConnect Founder Indicted for Running Crypto Ponzi Scheme
By Editors | 28/02/2022
BitConnect founder Satish Kumbhani and his co-conspirators obtained fraudulent gains from investors amounting to about USD 2.4 billion.
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