Digital Assets

Cryptocurrency

Thai SEC Prepares to Implement New Rules on Crypto-related Advertising

By Sanday Chongo Kabange | 10/05/2022

The SEC will extend the transitional period to allow crypto firms more time to ensure their advertising content aligns with the new rules.

CBDCs

90pc of Central Banks Are Exploring a CBDC, BIS Finds

By Editors | 10/05/2022

More than a third of central banks will soon have legal authority to issue a CBDC. More than two thirds are likely to launch a retail CBDC in the short or medium term.

Cryptocurrency

MAS Grants Fifth DPT Licence Under PSA to Coinhako

By Editors | 10/05/2022

Coinhako is the fifth firm to receive a full DPT licence under the PSA, after TripleA, FOMO Pay, DBS Vickers and Independent Reserve.

Cryptocurrency

Shanghai Court Says Bitcoin is Protected by Law as ‘Virtual Property’

By Darien Choong | 10/05/2022

Shanghai’s High Court said property rights protections apply to Bitcoin because it has a certain economic value and has the attributes of property.

PEPs & Sanctions

OFAC Sanctions Crypto Mixer, 49 More Wallet Addresses

By Editors | 09/05/2022

Crypto mixer Blender.io was used to process over $20.5mn of the crypto stolen from the Axie Infinity hack in March, OFAC said.

Cryptocurrency

Central African Republic Adopts Bitcoin as Legal Tender

By Editors | 06/05/2022

The adoption of Bitcoin as legal tender is expected to make transactions in CAR easier, but the move is seen as part of a power struggle between Russia and France.

Anti-Money Laundering

J5 Publishes Red Flag Indicators to Address NFT Risks

By Editors | 05/05/2022

Tax enforcement agencies provide a list of account and transaction attributes from NFT marketplaces that may indicate fraud or other illicit activity.

KYC & CDD

NYDFS Issues Guidance Recommending Use of Blockchain Analytics

By Editors | 05/05/2022

The guidance emphasises the importance of blockchain analytics in conducting due diligence, transaction monitoring and sanctions screening.

Cryptocurrency

US SEC Expands Enforcement Unit Dedicated to Crypto, Cyber

By Editors | 05/05/2022

The additional resources will be used to prioritise investigations related to crypto asset offerings, exchanges, lending and staking products, as well as DeFi platforms, NFTs and stablecoins.