Cryptocurrency

Anti-Money Laundering

Japan FSA Issues Draft Rules for Travel Rule Implementation

By Editors | 10/02/2023

The rules will implement laws passed in Japan last year, establishing requirements for Japanese crypto firms to comply with the travel rule.

Cryptocurrency

US SEC Fines Kraken, Forced Shutter of Crypto Staking Programme

By Editors | 10/02/2023

Commissioner Hester Peirce disagreed with the action, saying there isn’t sufficient guidance on the SEC’s regulatory approach to staking programmes.

Cryptocurrency

US SEC Close to Settling Probe Against Crypto Firm Kraken

By Editors | 09/02/2023

Commissioner Hester Peirce says the SEC “has not done a good job” in providing regulatory clarity on crypto.

Cryptocurrency

UK FCA Directs Crypto Firms to Prepare for New Ad Rules

By Editors | 08/02/2023

Breaches of the rules can result in takedowns of websites, public warnings, and other actions, including up to two years in prison.

Custody & Infrastructure

StanChart-backed Zodia and SBI to Form Crypto Custodian in Japan

By Sam Chen | 08/02/2023

Zodia Custody and SBI Digital Asset Holdings aim to offer “gold-standard” crypto asset custody services in Japan.

Cryptocurrency

Crypto Down Under: Unpacking Australia’s Token Mapping Consultation

By Angela Ang | 07/02/2023

Angela Ang and TRM’s policy team unpack the key themes discussed in the token mapping consultation paper and what it means for the industry.

Cryptocurrency

Thailand Grants Crypto Fund Managers Greater FX Flexibility

By Editors | 07/02/2023

The amendment will give digital asset fund managers greater flexibility to purchase digital assets overseas and make payments for related expenses.

Cryptocurrency

FASB to Propose New Crypto Accounting Standard in March

By Editors | 07/02/2023

An exposure draft to be issued by end-March will require companies to measure crypto assets using fair value accounting.

Cryptocurrency

Coinbase’s Exit From Japan Complicates Travel Rule Adoption

By Manesh Samtani | 07/02/2023

With Coinbase leaving the market, Japanese VASPs using TRUST will likely have to switch to a different travel rule solution.