Digital Assets

PEPs & Sanctions

US, UK, Australia Announce New Round of Hamas Sanctions

By Editors | 23/01/2024

OFAC said the sanctions target Hamas, its financiers, and its international financial infrastructure, including crypto transfers.

Cryptocurrency

Hong Kong Firm Targets Spot Bitcoin ETF Launch in Q1

By Nithya Subramanian | 22/01/2024

Venture Smart Financial Holdings aims to accumulate USD 500 million in assets under management by the end of 2024.

Cryptocurrency

Spot Bitcoin ETFs Not Suitable for Singapore Retail Investors: MAS

By Editors | 19/01/2024

Those who choose to trade spot Bitcoin ETFs in overseas markets must exercise extreme caution, MAS said.

Anti-Money Laundering

Global Crypto Crime Gains Fall; Stablecoins Rise: Report

By Nithya Subramanian | 19/01/2024

The global amount received by illicit cryptocurrency addresses in 2023 fell 39 per cent, while stablecoins accounted for 60 per cent of illicit transactions, revealed Chainalysis.

Cryptocurrency

US IRS Clarifies Crypto Tax Reporting Rules

By Mark Johnston | 19/01/2024

The IRS and Treasury clarify that crypto tax reporting rules will require issuing regulations before it goes into effect, which could take years.

Custody & Infrastructure

Thai SEC Updates Crypto Rules on Retail Access, Custody, Advertising

By Editors | 18/01/2024

The updates remove some restrictions on retail investors, support the creation of custodial wallet provider businesses, and reduce the documentary burden presented by advertising rules.

Anti-Money Laundering

Cryptos Popular Among Money Launderers in SE Asia: UN Report

By Nithya Subramanian | 18/01/2024

Tether has emerged as a preferred choice for regional cyberfraud operations due to its stability and the ease, anonymity, and low fees of its transactions.

Anti-Money Laundering

EBA Issues Guidelines on ML/TF Risks Associated with CASPs

By Ranamita Chakraborty | 17/01/2024

The guidelines will foster a common understanding of ML/TF risks associated with crypto-assets service providers, the EBA said.

Tokenisation

BIS to Explore Tokenisation of Promissory Notes Used to Funds MDBs

By Editors | 15/01/2024

Project Promissa intends to simplify the management of the notes and provide a single source of truth for all counterparties throughout the notes’ lifecycles