Cryptocurrency

    Reporting on regulatory frameworks, enforcement actions, adoption trends, and risks associated with decentralised digital currencies like Bitcoin and Ethereum.

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    Anti-Money Laundering

    Russia Re-rated on Four FATF Recommendations

    By Editors | 04/03/2024

    Russia was upgraded on R.6, R.7, and R.25, and downgraded on R.15 because digital currency activities are largely unregulated.

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    Cryptocurrency

    SFC Issues Guidance on Disciplinary Process Under Virtual Assets Regime

    By Sanday Chongo Kabange | 01/03/2024

    The guide describes the SFC’s process for taking disciplinary action, what such action can entail, and who can be subject to such action.

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    Cryptocurrency

    NYDFS Secures Return of $1.1bn to ‘Gemini Earn’ Investors

    By Editors | 01/03/2024

    Gemini Trust has committed to returning at least $1.1bn to customers who invested in its ‘Earn’ crypto lending programme.

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    Cryptocurrency

    ASIC Secures Orders Preventing Ex-Crypto Boss from Leaving Australia

    By Sanday Chongo Kabange | 01/03/2024

    ASIC is investigating former directors of Blockchain Global Limited over the A$50mn collapse of a crypto exchange they operated.

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    Cryptocurrency

    SFC Stops Accepting Licence Applications from Crypto Platforms

    By Manesh Samtani | 01/03/2024

    24 licence applicants are listed on the SFC’s website, including OKX, Crypto.com, Bybit, Bullish, Gate Group, Huobi and Matrixport.

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    Cryptocurrency

    Indonesia Government Urged to Review Crypto Tax Policy

    By Sanday Chongo Kabange | 29/02/2024

    Bappebti is calling on the Ministry of Finance to review Indonesia’s crypto tax regime ahead of the transfer of crypto oversight to the OJK.

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    Cryptocurrency

    HashKey OTC Arm Gets On-Principle Approval in Singapore

    By Nithya Subramanian | 29/02/2024

    In-principle approval brings HashKey OTC a step closer to being fully regulated in Singapore.

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    Credit Risk

    HK Budget Promises Financial Sector Development, Boost for Property Market

    By Manesh Samtani | 28/02/2024

    Restrictions on property transactions removed. Property lending requirements eased. HK$100mn pledged to promote financial services.

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    PEPs & Sanctions

    Russia Closer to Allow Digital Assets in International Settlements

    By Editors | 28/02/2024

    Approval of draft legislation by Russian lawmakers comes amid threats that the US would sanction third-country FIs that facilitate trade with Russia.

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    Cryptocurrency

    EU Adopts Four Delegated Regulations Under MiCA

    By Mark Johnston | 27/02/2024

    The regulations cover penalties, criteria for significant, EBA supervisory fees, and product intervention powers.

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