Cryptocurrency

    Reporting on regulatory frameworks, enforcement actions, adoption trends, and risks associated with decentralised digital currencies like Bitcoin and Ethereum.

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    Cryptocurrency

    BOK Amends Rules to Enable Data Collections from VASPs

    By Manesh Samtani | 24/07/2024

    VASPs will be required to submit business reports to BOK every quarter, as well as other information if requested by the central bank.

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    Cryptocurrency

    Crypto Firm Gate.io Leaves Japanese Market to Comply With Law

    By Thisanka Siripala | 24/07/2024

    Gate.io said it has stopped opening new accounts for Japanese residents and will remove Japanese language support.

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    Anti-Money Laundering

    US House Passes Bill to Combat Crypto-enabled Illicit Finance

    By Nithya Subramanian | 23/07/2024

    Under the bill, an independent financial technology working group will be established to examine illicit finance in the digital asset ecosystem.

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    Cryptocurrency

    Hong Kong Lists Asia’s First Inverse Bitcoin ETF

    By Sanday Chongo Kabange | 23/07/2024

    The new ETF was issued by CSOP Asset Management, which was also first to launch Asia’s first crypto futures ETFs in December 2022.

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    Fraud, Scams & Cybercrime

    Indian Crypto Exchange WazirX Suffers $230m Crypto Theft

    By Ajoy K Das | 22/07/2024

    WazirX is offering a reward for help in recovering the stolen assets. Hackers affiliated with North Korea are believed to be responsible.

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    Custody & Infrastructure

    ANNA, DTIF to Streamline Digital Asset Regulatory Reporting

    By Editors | 19/07/2024

    ANNA and DTIF will work to integrate DTIs and ISINs in KYAX’s reporting tool to simplify compliance with reporting requirements under MiCA and EMIR Refit.

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    Anti-Money Laundering

    Taiwan FSC Imposes AML Fine on Crypto Firm ACE Exchange

    By Editors | 19/07/2024

    ACE Exchange failed to verify customer identities and to set different transaction monitoring thresholds based on customer risk levels, among other violations.

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    Cryptocurrency

    New Virtual Asset Law Takes Effect in South Korea

    By Manesh Samtani | 19/07/2024

    The FSC expects the law to establish a foundation to provide safe protection for users and sound order in the virtual asset market.

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    Anti-Money Laundering

    Taiwan Strengthens AML Requirements for Crypto Firms

    By Nithya Subramanian | 18/07/2024

    The amended law requires crypto platforms to establish local entities and complete a registration process to offer services in Taiwan.

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    Fraud, Scams & Cybercrime

    CFTC, FTX Reach Agreement on $12.7b Settlement

    By Editors | 17/07/2024

    The CFTC is only payable to the extent that funds are available after customer and creditor claims are settled.

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