CRYPTO / DIGITAL ASSETS

    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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