Cryptocurrency

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

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    Custody & Infrastructure

    KoFIU Outlines Expectations for VASPs Facing Business Closure

    By Editors | 22/11/2023

    VASPs planning to terminate their services should give users at least one month notice and ensure users’ assets are protected.

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    Cryptocurrency

    Crypto Firm Bittrex Global Announces Decision to Cease Operations

    By Sanday Chongo Kabange | 22/11/2023

    While Bittrex Global did not specify a reason for the decision, regulatory uncertainty is seen as the biggest factor.

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    Anti-Money Laundering

    US Authorities Secure Multi-Billion Dollar Settlement from Binance

    By Editors | 21/11/2023

    Binance CEO Changpeng Zhao stepped down as part of the settlement with DOJ, FinCEN, OFAC and CFTC. SEC case not mentioned.

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    Cryptocurrency

    Japan FSA Amends Crypto Rules to Address Group Risks

    By Manesh Samtani | 21/11/2023

    Crypto exchanges with overseas parent companies will have to disclose additional information, particularly if common systems are used.

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    Cryptocurrency

    SEC Charges Crypto Firm Kraken for Operating Without Registration

    By Editors | 21/11/2023

    The SEC said Kraken’s failure to register deprived investors of “significant protections” and “safeguards against conflicts of interest”.

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    Cryptocurrency

    MAS Grants In-Principle Approval to Crypto Firm XREX

    By Mark Johnston | 21/11/2023

    The in-principle approval encompasses six payment services. Last week, MAS also granted in-principle approvals to three stablecoin issuers.

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    Cryptocurrency

    Industry Takes Tough Stance Against Unfair Trading Practices in Crypto

    By Ranamita Chakraborty | 20/11/2023

    Panellists at the Singapore FinTech Festival said regulators can work with the industry to address unfair trading practices.

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    Cryptocurrency

    Korea: Major Political Party to Require Candidates to Disclose Crypto Holdings

    By Editors | 18/11/2023

    Information on prospective candidates’ crypto holdings will be made available to the public on an online platform ahead of Korea’s 2024 general election.

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    Custody & Infrastructure

    GBBC Announces Merger with US Blockchain Coalition

    By Editors | 18/11/2023

    The US Blockchain Coalition will become a national initiative of GBBC, which will have nearly 600 institutional members post-merger.

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    DeFi & Web3

    ATO Updates Guidance on Crypto Capital Gains Tax

    By Editors | 16/11/2023

    Capital gains tax applies to transactions involving wrapped tokens, DeFi lending and borrowing arrangements, liquidity pools, and DeFi reward payments.

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