Digital Assets

Fraud, Scams & Cybercrime

Taiwan Central Bank Warns of Fraud Via Bitcoin ATMs

By Darien Choong | 31/03/2022

Bitcoin ATMs in Taiwan are being used to scam victims who attempt to transfer cash to specific accounts to purchase cryptoassets.

Cryptocurrency

Vietnam to Develop Legal Framework for Virtual Assets

By Editors | 31/03/2022

Vietnam’s prime minister has asked government ministries and the central bank to develop a legal and regulatory framework for virtual assets and electronic money.

PEPs & Sanctions

Japan to Tighten Russia Sanctions, G7 Rejects Ruble Option

By Manesh Samtani | 30/03/2022

Japan to impose new requirements on crypto exchanges. G7 rejects Russian demand for gas payments in rubles. US to help EU reduce dependence on Russian energy.

Cryptocurrency

Huobi Seeks to Launch Retail Crypto ETF in HK

By Manesh Samtani | 30/03/2022

Huobi Tech has structured the ETF so that it won’t be restricted to just professional investors, possibly through the use of crypto futures listed on overseas exchanges.

Cloud & Infrastructure

BOT Offers Update on Transition to Sustainable Digital Economy

By Editors | 29/03/2022

The BOT will publish a virtual bank licensing framework by Q2 2022, and directions on its open banking policy in Q3 2022.

Tokenisation

Alibaba, Tencent Tighten Platform Rules Governing NFTs – Report

By Darien Choong | 29/03/2022

NFTs in China are sold in yuan rather than crypto, do not use public decentralised blockchains, and cannot be resold after purchase.

CBDCs

Bank of Japan Concludes Phase One CBDC Testing

By Editors | 28/03/2022

Phase one testing explored the feasibility of CBDC issuance, distribution and redemption. Phase two will test additional functions starting next month.

Cryptocurrency

BOT to Cap Bank Investment in Digital Asset Businesses

By Editors | 27/03/2022

Thai banks will be allowed to invest up to 3 percent of capital in digital asset businesses. Such investment must also be ring-fenced from core banking operations.

Cryptocurrency

OECD Proposes Tax Reporting Framework for Crypto-assets

By Editors | 27/03/2022

The framework would require intermediaries to identify their customers and their tax jurisdictions, and then report their aggregate transaction values annually.