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Reporting on regulatory frameworks, enforcement actions, adoption trends, and risks associated with decentralised digital currencies like Bitcoin and Ethereum.
Cryptocurrency
SEC Thailand Allows Crypto Exchange Bitkub to Resume Services
By Editors | 12/04/2021
Bitkub has been allowed to resume accepting new clients. A warning was issued against Binance. Huobi was ordered to suspend services.
Cryptocurrency
Thailand SEC to Require Crypto Investors to Have Experience
By Sanday Chongo Kabange | 08/04/2021
Under the new regulations, cryptocurrency investors must have previous experience or training to prove their knowledge of cryptocurrency.
Anti-Money Laundering
Japan Crypto Industry to Adopt Travel Rule by April 2022
By Sanday Chongo Kabange | 07/04/2021
The FSA has written to the JVCEA advising it to start preparing for the implementation of the travel rule in Japan’s crypto industry.
Cryptocurrency
India MCA Directs Companies to Disclose Crypto Dealings
By Editors | 01/04/2021
Companies are required to disclose their cryptocurrency dealings as well as profits and losses on these transactions in their financial statements.
Market Abuse
CFTC Penalises Coinbase for False Reporting, Wash Trading
By Editors | 23/03/2021
The settlement requires Coinbase to pay $6.5mn, and desist from any further violations of the Commodity Exchange Act or CFTC regulations.
Cryptocurrency
BSP, PDAX to Cooperate on Crypto-and-Fintech Regulatory Sandbox
By Editors | 23/03/2021
A crypto-and-fintech regulatory sandbox will boost innovation and technological advancement in financial services, while also increasing public participation in these markets.
Anti-Money Laundering
Korea’s New AML Law for VASPs Set to Take Effect
By Sanday Chongo Kabange | 22/03/2021
From 25 March, VASPs will have six months to register with KoFIU, and must start report suspicious transactions. The travel rule will apply one year later.
Anti-Money Laundering
FATF Seeks Stakeholder Views on Updated VASP Guidance
By Editors | 21/03/2021
Views are sought from academics, policy bodies, VASPs, technology developers and providers, other regulated entities such as banks, and authorities.
Anti-Money Laundering
China: 13 Arrested for Using Crypto to Launder Fraud Proceeds
By Editors | 21/03/2021
The suspects confessed to laundering proceeds from telecoms fraud using Tether, before withdrawing the funds to transfer overseas.
Cloud & Infrastructure
Australia to Expand Scope, Length of Fintech Select Committee
By Editors | 18/03/2021
The FinTech Select Committee’s mandate has been extended from an April deadline to October 2021. A report on its work programme is expected in April.
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