Cryptocurrency

Cryptocurrency

Dubai Establishes New Law, Regulator for Crypto Assets

By Mark Johnston | 16/03/2022

The new law comes as crypto firms in the UAE receive streams of requests from sanctioned Russians to liquidate billions of dollars of crypto assets.

Anti-Money Laundering

INTERPOL Launches Financial Crime and Anti-Corruption Centre

By Editors | 16/03/2022

The new centre will adopt a multi-agency approach to drive a coordinated global response to transnational financial crime and corruption.

Stablecoins

MAS Guidance on Stablecoins Set to Impact Crypto Firms

By Manesh Samtani | 15/03/2022

Stablecoins must be treated as DPTs rather than e-money. A new notice specifies a risk warning that must be provided to all customers of DPT services.

Cryptocurrency

Australia: Senator Calls on Govt to Accelerate Work on Crypto Regulation

By Darien Choong | 15/03/2022

Senator Andrew Bragg said the government should hire experts to permanently work on crypto regulation within a dedicated unit of Treasury.

Cryptocurrency

Thailand to Offer Tax Exemptions on Crypto Trades

By Editors | 14/03/2022

Traders will be allowed to offset annual losses against crypto gains for taxes purposes. Crypto trades will also be exempt from a 7 percent VAT.

PEPs & Sanctions

G7 to Downgrade Russia Trade Status, Close Sanctions Loopholes

By Editors | 13/03/2022

US bans more Russian trade. G7 pledges to close national-level loopholes that could enable sanctions evasion via crypto-assets, among other commitments.

PEPs & Sanctions

Japan Crypto Industry Set to Adopt Travel Rule

By Editors | 13/03/2022

The travel rule will increase transparency on the individuals and entities crypto exchanges deal with, as the government seeks to prevent sanctions evasion.

CBDCs

US President Calls for Comprehensive Approach to Digital Assets

By Editors | 10/03/2022

The US Treasury and other agencies are directed to submit a series of reports within six months recommending a policy approach for digital assets.

PEPs & Sanctions

Japan to Freeze More Russian Assets, Block More Exports

By Editors | 08/03/2022

Japan has added 32 Russian and Belarusian officials and oligarchs to its sanctions list and will freeze the assets of an additional four banks.