Digital Assets

Cryptocurrency

Japanese Crypto Industry Bodies Call for Tax Reforms

By Editors | 11/08/2022

The JCBA and JVCEA are asking for income from crypto-asset transactions to be taxed separately at a rate of 20 percent, rather than together with other income.

Cryptocurrency

MAS Rescinds IPA Granted to Crypto Lender Hodlnaut

By Editors | 11/08/2022

Hodlnaut froze withdrawals, token swaps and deposits on its platform on Monday to focus on stabilising its liquidity and preserving assets.

CBDCs

HKMA, InvestHK Invite Firms to Showcase CBDC Solutions

By Editors | 11/08/2022

A CBDC track has been added to Global Fast Track 2022. Banks, fintechs and tech firms are asked to submit innovative solutions in eight focus areas.

Anti-Money Laundering

Former BitMEX Exec to Pay Fine for Violating AML Law

By Editors | 11/08/2022

The US Attorney previously secured judgments against the firm’s three co-founders for violating US derivatives laws and AML rules.

Fraud, Scams & Cybercrime

Hong Kong Saw Almost HK$400m in Crypto Scams in H1 2022

By Editors | 11/08/2022

Crypt-related scams, job scams and online shopping scams made up the top three types of cybercrimes in Hong Kong in the first half of this year.

CBDCs

RBA to Explore Australia-specific Use Cases for CBDC

By Editors | 10/08/2022

The research project is expected to take about a year to complete and will involve the development of a limited-scale CBDC pilot operating in a ring-fenced environment.

Cryptocurrency

Iran Makes First Import Order Using Crypto – Report

By Editors | 10/08/2022

By end September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries, an Iranian official said.

PEPs & Sanctions

OFAC Sanctions Crypto Mixing Service Tornado Cash

By Manesh Samtani | 09/08/2022

The US Treasury Department says Tornado Cash has been used to launder over USD 7 billion worth of crypto since it was created in 2019.

Anti-Money Laundering

US Secures Extradition of Former Crypto Exchange Operator

By Editors | 09/08/2022

Alexander Vinnik is alleged to have laundered more than $4bn through a crypto exchange he operated known as BTC-e until it was shut down in 2017.