Cryptocurrency

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

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    Anti-Money Laundering

    Japan Regulator Issues Orders Against Crypto Firm CoinBest

    By Editors | 15/06/2024

    CoinBest’s IEO operations are suspended and the company is required to make improvements to its management, internal control and AML/CFT systems.

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    Cryptocurrency

    UPDATED – ASX to List First Bitcoin ETF, Joining Cboe Australia

    By Editors | 14/06/2024

    APAC CEO Arian Neiron said VanEck recognised bitcoin as an emerging asset class that “many advisers and investors want to access”.

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    Cryptocurrency

    Taiwan Crypto Industry Launches New “VASP Association”

    By Editors | 14/06/2024

    The VASP Association is charged with developing self-regulatory guidelines and best practices for the crypto industry.

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    PEPs & Sanctions

    US Expands Russia Sanctions Ahead of G7 Leaders Meeting

    By Manesh Samtani | 13/06/2024

    New sanctions target Russian financial infrastructure as well as entities in China, Hong Kong, Singapore and Thailand.

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    Cryptocurrency

    Thailand Revokes Crypto Licence Due to Regulatory Failures

    By Nithya Subramanian | 12/06/2024

    The SEC said the Minister of Finance has agreed to revoke Zipmex’s digital asset business licence to prevent damage to customers.

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    Cryptocurrency

    Australia Bans Use of Crypto, Credit for Online Gambling

    By Editors | 12/06/2024

    Cryptocurrencies, credit cards, and other new forms of credit cannot be used as payment methods for online gambling.

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    Cryptocurrency

    FSC Korea to Establish Dedicated Virtual Assets Division

    By Editors | 12/06/2024

    The new division is being created as a temporary organisation to establish an effective disciplinary system for the virtual asset market.

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    Cryptocurrency

    FSS Korea Hosts First Industry Workshop on New Crypto Law

    By Manesh Samtani | 11/06/2024

    The workshop, and future workshops, are intended to ensure the “smooth implementation” of the Virtual Asset User Protection Act in July.

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    Tokenisation

    Korea Sets Guidelines on Treatment of NFTs Under New Law

    By Manesh Samtani | 11/06/2024

    NFTs that are not unique, produced in large quantities, split into fractional units, or used in payments will be regulated under the new Virtual Asset User Protection Act.

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    Cryptocurrency

    VASP Business Closures Not Being Handled Properly: KoFIU

    By Manesh Samtani | 07/06/2024

    More VASPs are expected to close ahead of the Virtual Asset User Protection Act coming into effect on 19 July, KoFIU said.

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