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PEPs & Sanctions
Singapore Sanctions Four Russian Banks, Imposes Other Restrictions
By Manesh Samtani | 06/03/2022
FIs that have relationships with the four banks must freeze their assets. DPT service providers are prohibited from facilitating sanctions evasion with crypto and NFTs.
Custody & Infrastructure
Thailand SEC Tightens Custody Rules for Digital Assets
By Mark Johnston | 05/03/2022
The SEC is also proposing requirements for digital asset businesses to disclose service quality information on their websites.
Tokenisation
US SEC Probes Whether NFTs Are Being Used Like Securities
By Editors | 05/03/2022
The SEC has reportedly sent subpoenas demanding information about NFT offerings that could be raising funds like traditional securities.
Anti-Money Laundering
KoFIU Directs Crypto Exchanges to Improve AML Staffing
By Sanday Chongo Kabange | 05/03/2022
The proportion of staff dedicated to AML compliance at Korea’s crypto exchanges stands at around 8 percent.
Tokenisation
SET to Launch Digital Asset Exchange ‘Very Soon’
By Editors | 03/03/2022
The new digital asset exchange will not offer cryptocurrency trading, but instead focus on investment tokens and utility tokens.
Cryptocurrency
India’s ASCI Issues Advertising Guidelines for Crypto Products
By Mark Johnston | 03/03/2022
All virtual asset-related ads released on or after 1 April must carry a disclaimer; Certain words associated with regulated products are will be prohibited.
Cryptocurrency
EU Delays Vote on MiCA Legislation Following Backlash
By Mark Johnston | 03/03/2022
A vote on the EU’s regulatory framework for crypto-assets was delayed due to outcry over wording that would ban proof-of-work consensus protocols in 2025.
PEPs & Sanctions
SWIFT Ban Spares Russian Banks Facilitating EU Energy Trade
By Manesh Samtani | 03/03/2022
Sberbank and Gazprombank not included in ban; Global banks demonstrating “extreme caution”; Crypto exchanges under pressure to Russia-linked transactions.
Cryptocurrency
Cambridge CCAF Launches Crypto Research Project
By Sanday Chongo Kabange | 02/03/2022
The research project will cover the environmental implications and broader ESG considerations of digital assets and their associated services, among other themes.
Cryptocurrency
China Supreme Court Makes Crypto Fundraising a Criminal Offence
By Editors | 02/03/2022
Fundraising that exceeds CNY 50 million, or losses involving at CNY 25 million or 5,000 people, could result in more than 10 years in prison.
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