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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.
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.
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.
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.
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.
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.
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.
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.
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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