CRYPTO / DIGITAL ASSETS

AML / KYC

Japan Crypto Exchanges Ordered to Comply with Sanctions

By Editors | 17/03/2022

Fines up to JPY 1 million and up to three years’ imprisonment are specified for non-compliance with sanctions by crypto exchange platforms.

Fintech / Regtech

DTC, Hodlnaut Get In-Principle Approval for DPT Services in SG

By Editors | 17/03/2022

Digital Treasures Center enables merchants to accept crypto in payments. Hodlnaut offers cryptocurrency borrowing and lending services.

Crypto / Digital Assets

US Treasury Forms Educational Subgroup on Digital Assets

By Editors | 16/03/2022

The new subgroup will develop educational materials to help consumers make informed decisions about digital assets.

Crypto / Digital Assets

Thai SEC Revises Definitions for Institutional, HNW Investors

By Editors | 16/03/2022

Institutional investors will include those with the ability to analyse and absorb risks in complex and high-risk products, such as VC and PE firms, investment analysts, and company directors.

Fintech / Regtech

S. Korea Elects Pro-Crypto President, Yoon Suk-yeol

By Mark Johnston | 16/03/2022

President-elect Yoon Suk-yeol has promised to overhaul Korea’s regulatory framework for cryptocurrency, and to relax crypto taxation policies.

Fintech / Regtech

Dubai Establishes New Law, Regulator for Crypto Assets

By Mark Johnston | 16/03/2022

The new law comes as crypto firms in the UAE receive streams of requests from sanctioned Russians to liquidate billions of dollars of crypto assets.

AML / KYC

INTERPOL Launches Financial Crime and Anti-Corruption Centre

By Editors | 16/03/2022

The new centre will adopt a multi-agency approach to drive a coordinated global response to transnational financial crime and corruption.

Fintech / Regtech

MAS Guidance on Stablecoins Set to Impact Crypto Firms

By Manesh Samtani | 15/03/2022

Stablecoins must be treated as DPTs rather than e-money. A new notice specifies a risk warning that must be provided to all customers of DPT services.

Crypto / Digital Assets

Australia: Senator Calls on Govt to Accelerate Work on Crypto Regulation

By Darien Choong | 15/03/2022

Senator Andrew Bragg said the government should hire experts to permanently work on crypto regulation within a dedicated unit of Treasury.