FIs would face penalties over SGD 1 million for breaching TRM requirements. VASPs will have to be licensed to offer services in Singapore.
April 6, 2022Traders 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.
April 1, 2022The two defendants promised benefits to NFTs buyers and then transferred the $1.1mn in crypto proceeds to various wallets under their control.
April 1, 2022NFTs in China are sold in yuan rather than crypto, do not use public decentralised blockchains, and cannot be resold after purchase.
March 29, 2022President-elect Yoon Suk-yeol has promised to overhaul Korea's regulatory framework for cryptocurrency, and to relax crypto taxation policies.
March 16, 2022Paxos will gain a DPT licence under the Payment Services Act. Sygnum will provide fund unit tokenisation and securitise NFTs and metaverse assets.
March 11, 2022FIs that have relationships with the four banks must freeze their assets. DPT service providers are prohibited from facilitating sanctions evasion with crypto and NFTs.
March 7, 2022The SEC has reportedly sent subpoenas demanding information about NFT offerings that could be raising funds like traditional securities.
March 5, 2022All virtual asset-related ads released on or after 1 April must carry a disclaimer; Certain words associated with regulated products are will be prohibited.
March 3, 2022tZERO operates a digital marketplace for unique private assets, public equities, cryptocurrencies, and other digital assets, including NFTs.
February 25, 2022