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Cryptocurrency
Indonesia to Start Taxing Crypto Investments, Fintech Services in May
By Editors | 10/04/2022
Indonesia will charge a capital gains tax and VAT on crypto transactions, as well as interest and fees generated from fintech services, starting on 1 May 2022.
Custody & Infrastructure
Thai SEC to Allow Use of Foreign Custodians in DR Issuance
By Editors | 10/04/2022
Under revised guidelines, depository receipt issuers can directly appoint a global custodian or foreign agent to hold overseas securities.
Supervision & Enforcement
ASIC Charges Firm for Offering Crypto Loans Without Credit Licence
By Sanday Chongo Kabange | 09/04/2022
ASIC has charged Helio Lending for falsely representing that it had a credit licence that allowed it to offer cryptocurrency-backed loans.
Market Data & Technology
JPX to Provide Free Market Data to Retail Investors
By Sanday Chongo Kabange | 09/04/2022
JPX plans to launch a beta version of an API for retail investors under its ‘J-Quants’ project, and is inviting early adopters to apply for early access.
CBDCs
European Commission Launches Targeted Consultation on Digital Euro
By Editors | 07/04/2022
The consultation seeks views on the application of AML/CFT rules, privacy and data protection, and financial stability impacts, among other areas.
Cryptocurrency
Thai Crypto Firms Required to Issue Transaction Reports to Clients
By Editors | 07/04/2022
From 1 May, crypto businesses have to submit reports to customers within one day after a transaction is complete, allowing them to view records going back 18 months.
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.
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