Cryptocurrency

Anti-Money Laundering

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.

Anti-Money Laundering

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.

Anti-Bribery & Corruption

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.

Anti-Money Laundering

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.

Cryptocurrency

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.

Cryptocurrency

Hong Kong SFC to Permit Listing of Spot Crypto ETFs

By Manesh Samtani | 23/12/2023

HKEX welcomed the SFC’s move, saying it will enhance Hong Kong’s role as a leading digital asset hub across the region.

Cryptocurrency

FSC Korea Issues New Accounting Guidelines for Crypto Assets

By Manesh Samtani | 22/12/2023

Crypto exchanges that have control over customer assets must account for them separately as assets and liabilities.

Fraud, Scams & Cybercrime

HK SFC Issues Warning About More Suspicious VATPs

By Sanday Chongo Kabange | 21/12/2023

The SFC said the police have blocked the two platforms in Hong Kong over suspected fraudulent activities related to virtual assets.

DeFi & Web3

IOSCO Finalises Policy Recommendations for DeFi

By Manesh Samtani | 19/12/2023

The policy recommendations for DeFi are intended to be complementary to and interoperable with IOSCO’s policy recommendations for crypto and digital assets markets.