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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.
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