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Reporting on regulatory frameworks, enforcement actions, adoption trends, and risks associated with decentralised digital currencies like Bitcoin and Ethereum.
Cryptocurrency
US SEC to Establish New Office for Crypto-related Filings
By Manesh Samtani | 13/09/2022
In a recent speech, SEC chair Gary Gensler highlighted the need for better disclosures for crypto investors. He also said the “vast majority” of crypto tokens are securities.
Cryptocurrency
SFC Allows HashKey to Manage Funds Comprising 100% Crypto
By Editors | 13/09/2022
HashKey says it will be allowed to manage funds exclusively investing in virtual assets in compliance with the SFC’s regulations
Anti-Money Laundering
Australian Federal Police Forms Cryptocurrency Unit
By Editors | 13/09/2022
The new unit will target assets and provide investigative tracing capabilities for all of the AFP’s commands across all of its businesses.
Anti-Money Laundering
Five Korean Crypto Exchanges Face AML Penalties
By Editors | 12/09/2022
Most of the funds involved in Woori and Shinhan’s suspicious wire transfers came from five crypto exchanges and were not reported.
Cryptocurrency
CME Group Announces Launch Of Ether Options
By Editors | 12/09/2022
The new options contract is being launched in anticipation of the upcoming Ethereum Merge, which CME sees as a “potentially game-changing update”.
Cryptocurrency
DBS to Expand Crypto Offerings to More Clients – Report
By Editors | 11/09/2022
CEO Piyush Gupta says DBS will soon offer crypto services to 300,000 other clients across Asia such as private banks, accredited investors, exchanges and funds.
Cryptocurrency
Australia Clarifies Crypto is Not Taxed as Foreign Currency
By Editors | 08/09/2022
The proposed legislation removes uncertainty regarding whether Bitcoin may be treated as a ‘foreign currency’ for income tax purposes.
Cryptocurrency
Thai SEC Advances Work to Revamp Rules for Crypto Firms
By Editors | 08/09/2022
The SEC will appoint a working group to consider amendments to the regulatory framework. Separately, it has filed a police complaint against Zipmex.
PEPs & Sanctions
UK OFSI Updates Sanctions Guidance to Include Crypto
By Editors | 07/09/2022
Crypto firms are directed to freeze assets of targets listed under the Consolidated List and report suspected sanctions breaches to the OFSI.
Cryptocurrency
Korea’s Busan City Forms Partnerships with FTX, Binance
By Editors | 05/09/2022
FTX will assist in the establishment of the Busan Digital Asset Exchange. Both FTX and Binance will support the development of Busan’s local blockchain industry.
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