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Cryptocurrency
Reporting on regulatory frameworks, enforcement actions, adoption trends, and risks associated with decentralised digital currencies like Bitcoin and Ethereum.
Cryptocurrency
Taiwan Set to Issue New Regulatory Guidelines for Crypto Sector
By Editors | 07/09/2023
The guidelines will prohibit unregistered overseas firms from operating in and soliciting business from Taiwan.
Cryptocurrency
FASB Votes to Adopt New Crypto Accounting Standard
By Manesh Samtani | 07/09/2023
Under the new rules, companies will be required to measure crypto assets using fair value accounting, instead of the existing cost-less-impairment model.
Custody & Infrastructure
Korea: Hana Bank, BitGo to Jointly Develop Crypto Custody Business
By Editors | 07/09/2023
Hana Bank says the custody business will help strengthen trust in the domestic digital asset market and reinforce consumer protection.
Cryptocurrency
WFE Publishes Research on Exchange Engagement with Crypto Market
By Manesh Samtani | 06/09/2023
WFE survey found that almost half of the respondent exchanges already offer some crypto-related product or service in response to mostly retail demand.
Emerging Prudential Risks
FSB Warns of ‘Further Shocks’ in G20 Progress Update
By Manesh Samtani | 06/09/2023
The update also discusses the FSB’s work to address NBFI risks, implement its recommendations on crypto regulations, and respond to climate-related risks.
Anti-Money Laundering
India Ministry Gazettes Enhancements to AML/CFT Rules
By Editors | 05/09/2023
The amendments lower the shareholding threshold for company partners to be considered beneficial owners, from 15 percent to 10 percent
Cryptocurrency
Australia: Senate Committee Rejects Andrew Bragg Crypto Bill
By Manesh Samtani | 05/09/2023
The committee said consultations planned by the government are the most appropriate way to develop a regulatory framework for digital assets.
Cryptocurrency
Japan FSA Asks Government to Review Crypto Tax Policy
By Editors | 04/09/2023
The FSA is seeking a review of the existing requirement for companies to pay tax on unrealised crypto gains.
Anti-Money Laundering
Crypto Travel Rule Comes into Force in the UK
By Editors | 04/09/2023
The UK is now one of several jurisdictions to have now implemented the travel rule for the crypto sector.
Anti-Money Laundering
KoFIU Fines, Suspends Crypto Lender for AML Violations
By Editors | 04/09/2023
Crypto lender Delio failed to assess money laundering risks, had KYC lapses, and failed to restrict transactions with unregistered VASPs.
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