CRYPTO / DIGITAL ASSETS

    Fintech / Regtech

    Thailand to Offer Tax Exemptions on Crypto Trades

    By Editors | 14/03/2022

    Traders will be allowed to offset annual losses against crypto gains for taxes purposes. Crypto trades will also be exempt from a 7 percent VAT.

    AML / KYC

    G7 to Downgrade Russia Trade Status, Close Sanctions Loopholes

    By Editors | 13/03/2022

    US bans more Russian trade. G7 pledges to close national-level loopholes that could enable sanctions evasion via crypto-assets, among other commitments.

    Fintech / Regtech

    Japan Crypto Industry Set to Adopt Travel Rule

    By Editors | 13/03/2022

    The travel rule will increase transparency on the individuals and entities crypto exchanges deal with, as the government seeks to prevent sanctions evasion.

    Fintech / Regtech

    Paxos, Sygnum to Offer Digital Asset Services in Singapore

    By Editors | 11/03/2022

    Paxos will gain a DPT licence under the Payment Services Act. Sygnum will provide fund unit tokenisation and securitise NFTs and metaverse assets.

    AML / KYC

    US President Calls for Comprehensive Approach to Digital Assets

    By Editors | 10/03/2022

    The US Treasury and other agencies are directed to submit a series of reports within six months recommending a policy approach for digital assets.

    AML / KYC

    US Ramps Up Russia Pressure With Energy Import Ban

    By Manesh Samtani | 09/03/2022

    Russian energy will no longer be accepted at US ports and will be phased out in the UK and EU. New sanctions imposed by APAC jurisdictions.

    AML / KYC

    Japan to Freeze More Russian Assets, Block More Exports

    By Editors | 08/03/2022

    Japan has added 32 Russian and Belarusian officials and oligarchs to its sanctions list and will freeze the assets of an additional four banks.

    AML / KYC

    Singapore Sanctions Four Russian Banks, Imposes Other Restrictions

    By Manesh Samtani | 06/03/2022

    FIs that have relationships with the four banks must freeze their assets. DPT service providers are prohibited from facilitating sanctions evasion with crypto and NFTs.

    AML / KYC

    FATF Concerned About Impact of Ukraine Invasion on Risk Environment

    By Editors | 06/03/2022

    Russia’s actions run counter to the FATF core principles. The FATF is reviewing Russia’s role at the FATF and will consider steps to uphold its core values.

    Crypto / Digital Assets

    Thailand SEC Tightens Custody Rules for Digital Assets

    By Mark Johnston | 05/03/2022

    The SEC is also proposing requirements for digital asset businesses to disclose service quality information on their websites.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team