Cryptocurrency

Anti-Money Laundering

FSC Korea Starts Enforcing Travel Rule in Crypto Industry

By Editors | 24/03/2022

Starting today, VASPs can be subject to cautions, warnings or corrective orders if violations of travel rule requirements are found.

DeFi & Web3

FSB Calls for Academic Papers Covering Crypto, DeFi Risks

By Editors | 24/03/2022

The FSB is inviting authours to submit papers analysing the structures and evolving linkages between crypto-asset markets for an upcoming plenary session.

Cryptocurrency

Malaysian Minister Rules Out Possibility of Bitcoin as Legal Tender

By Editors | 24/03/2022

Malaysia’s deputy finance minister said cryptocurrencies are not suitable for use in payments. Earlier this week another minister called for the government to adopt crypto as legal tender.

Cryptocurrency

FCA, BOE Offer New Guidance on Addressing Crypto Risk

By Editors | 24/03/2022

Cryptoassets should be classified as an intangible asset for accounting purposes, meaning that in most cases direct holdings should be fully deducted from CET1.

Cryptocurrency

Thailand Bans Use of Crypto as Means of Payments

By Editors | 24/03/2022

From 1 April, digital asset business operators are prohibited from enabling merchants to accept digital assets as a means of payment for goods or services.

Tokenisation

Malaysia SC Registers Two IEO Platform Operators

By Editors | 24/03/2022

The Initial Exchange Offering platform operators are given nine months to comply with regulatory requirements before they can commence operations.

Fraud, Scams & Cybercrime

ACCC Launches Court Proceedings Over Crypto Ads on Facebook

By Editors | 23/03/2022

The ads contained links to fake media articles containing quotes attributed to public figures endorsing cryptocurrency or money-making schemes.

Fraud, Scams & Cybercrime

CBIRC Warns of Crypto and Metaverse Frauds at College Campuses

By Darien Choong | 23/03/2022

The CBIRC’s Beijing bureau warns that concepts such as the metaverse and blockchain are being used to defraud local college students.

Cryptocurrency

Malaysian Minister Calls for Adoption of Bitcoin as Legal Tender

By Editors | 23/03/2022

Deputy minister Zahidi Zainul Abidin says the government should consider adopting bitcoin and other cryptocurrencies as legal tender.