ADVERTISEMENT
PEPs & Sanctions
US, German Authorities Target World’s Largest Darknet Market
By Manesh Samtani | 07/04/2022
OFAC has sanctioned Russia-based website Hydra Market and crypto exchange Garantex for facilitating transactions for ransomware actors.
Cryptocurrency
Korean Banks to Request Entry into Crypto Sector – Report
By Editors | 07/04/2022
A report will be submitted to the incoming president’s transition committee requesting that banks be allowed to engage in the crypto sector.
Stablecoins
UK Outlines Plan to Become Global Hub for Crypto
By Editors | 06/04/2022
The plan includes a regulatory framework for payment-related stablecoins, enhancements to the tax system, and greater engagement with the crypto industry.
Cybersecurity
Singapore Tightens Laws on Technology Risk, Crypto Assets
By Sanday Chongo Kabange | 06/04/2022
FIs would face penalties over SGD 1 million for breaching TRM requirements. VASPs will have to be licensed to offer services in Singapore.
CBDCs
PBOC to Expand CBDC Pilot to Additional Chinese Cities
By Editors | 05/04/2022
The e-CNY has been tested in ten cities. The PBOC will extend the pilot to additional cities including Hangzhou, which will host the Asian Games in September.
KYC & CDD
EU Lawmakers Vote to Adopt KYC Rules for Unhosted Crypto Wallets
By Darien Choong | 04/04/2022
The European Parliament voted to adopt requirements for crypto firms to gather and verify personally identifiable information of users of unhosted crypto wallets.
CBDCs
Visa, Western Union, GBBC Join Digital Dollar Project
By Editors | 03/04/2022
The new members were announced just weeks after President Joe Biden signed an executive order outlining a “whole-of-government approach” to evaluate digital assets including a CBDC.
Cryptocurrency
FCA Allows Crypto Firms to Continue Under Temporary Registration
By Editors | 03/04/2022
Though the deadline has passed, six cryptoasset firms with temporary registration can still continue to operate under temporary registration.
Cryptocurrency
India Passes Legislation to Implement 30pc Crypto Tax
By Editors | 01/04/2022
Traders will not be able to offset losses against profits. A 1 percent tax will also be deducted at source for trading over INR 50,000 in a year.
Emerging Prudential Risks
FSB Publishes Work Programme for 2022
By Editors | 31/03/2022
Key focus areas include work to address Covid-19 scarring effects, enhance cross-border payments, and address financial risks from climate change.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.