Digital Assets

Cryptocurrency

US Treasury Forms Educational Subgroup on Digital Assets

By Editors | 16/03/2022

The new subgroup will develop educational materials to help consumers make informed decisions about digital assets.

CBDCs

BSP to Initiate Pilot Project to Test CBDC Use Cases

By Sanday Chongo Kabange | 16/03/2022

The BSP is looking to explore the use of CBDC in account-based distribution of cash assistance, as well as in cross-border money transfers.

Cryptocurrency

S. Korea Elects Pro-Crypto President, Yoon Suk-yeol

By Mark Johnston | 16/03/2022

President-elect Yoon Suk-yeol has promised to overhaul Korea’s regulatory framework for cryptocurrency, and to relax crypto taxation policies.

Cryptocurrency

Dubai Establishes New Law, Regulator for Crypto Assets

By Mark Johnston | 16/03/2022

The new law comes as crypto firms in the UAE receive streams of requests from sanctioned Russians to liquidate billions of dollars of crypto assets.

Anti-Money Laundering

INTERPOL Launches Financial Crime and Anti-Corruption Centre

By Editors | 16/03/2022

The new centre will adopt a multi-agency approach to drive a coordinated global response to transnational financial crime and corruption.

Stablecoins

MAS Guidance on Stablecoins Set to Impact Crypto Firms

By Manesh Samtani | 15/03/2022

Stablecoins must be treated as DPTs rather than e-money. A new notice specifies a risk warning that must be provided to all customers of DPT services.

Cryptocurrency

Australia: Senator Calls on Govt to Accelerate Work on Crypto Regulation

By Darien Choong | 15/03/2022

Senator Andrew Bragg said the government should hire experts to permanently work on crypto regulation within a dedicated unit of Treasury.

Cryptocurrency

Thailand to Offer Tax Exemptions on Crypto Trades

By Editors | 14/03/2022

Traders will be allowed to offset annual losses against crypto gains for taxes purposes. Crypto trades will also be exempt from a 7 percent VAT.

PEPs & Sanctions

G7 to Downgrade Russia Trade Status, Close Sanctions Loopholes

By Editors | 13/03/2022

US bans more Russian trade. G7 pledges to close national-level loopholes that could enable sanctions evasion via crypto-assets, among other commitments.