CRYPTO / DIGITAL ASSETS

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    Crypto / Digital Assets

    US Prosecutors Will Not Pursue Second Trial for FTX Founder

    By Nithya Subramanian | 02/01/2024

    The DOJ said a second trial to address additional charges against Sam Bankman-Fried would delay sentencing and provide no benefit to victims.

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    Crypto / Digital Assets

    Indonesia Requires Crypto Exchanges to Register with National Bourse

    By Mark Johnston | 02/01/2024

    Crypto exchanges operating in Indonesia will have to register with the country’s new national exchange for digital assets.

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    AML / KYC

    Philippines Tightens Travel Rule Requirements for Crypto

    By Editors | 01/01/2024

    VASPs are expected to obtain, verify, and hold originator and beneficiary information for transactions with unhosted wallets regardless of the amount involved.

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    Crypto / Digital Assets

    Bank Indonesia to Trial Digital Rupiah in 2024

    By Editors | 29/12/2023

    Based on feedback to a Jan 2023 consultation paper, Bank Indonesia has decided to proceed with a series of experiments to develop a digital rupiah.

    AML / KYC

    India Blocks Nine Crypto Exchanges for Failure to Register

    By Ajoy K Das | 29/12/2023

    Binance, Kucoin and Huobi are among the platforms that have been blocked in India for not registering as reporting entities.

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    Crypto / Digital Assets

    China Call for Crackdown on Foreign Exchange Crimes

    By Editors | 29/12/2023

    The use of cryptocurrencies as a tool for foreign exchange trading is illegal in China, authorities said.

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    Crypto / Digital Assets

    Korea to Boost Transparency of Crypto Holdings by Officials

    By Editors | 28/12/2023

    Members of the public will soon be able to access information on public officials’ crypto holdings via an electronic system.

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    Crypto / Digital Assets

    Hong Kong Opens Consultation on Regulatory Regime for Stablecoins

    By Manesh Samtani | 28/12/2023

    Hong Kong will implement a licensing regime that will require issuers of fiat-backed stablecoins that meet certain conditions to be licensed by the HKMA.

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    Crypto / Digital Assets

    Chinese Authorities Dismantle $2.2b Underground Banking Operation

    By Editors | 27/12/2023

    The operation involved the use of overseas crypto platforms to exchange foreign currency. 74 suspects were arrested and their electronic devices and bank cards seized.

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    Crypto / Digital Assets

    Japan Approves Reforms to End Tax on Unrealised Crypto Gains

    By Editors | 27/12/2023

    Crypto assets issued by third party organisations can be held by corporations without being marked-to-market for taxation.

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