The committee recommends a new category of market licence be created for crypto exchanges and a new company structure for DeFi platforms.
October 22, 2021The applications will be processed within three months, following which approved exchanges will be subject to AML rules announced in March.
September 26, 2021Areas of AML/CFT policy that urgently need more attention are virtual assets, implementation effectiveness, beneficial ownership, and DNFBPs.
September 22, 2021Bithumb, Coinone and Korbit have established a joint venture that will be used to develop systems to meet the travel rule requirement by March 2022.
September 2, 2021In H1 2021, DeFi accounted for 76% of major crypto hack volume and 54% of major crypto fraud volume, according to CipherTrace.
August 12, 2021Blockchain Australia has asked for safe harbour to be provided to ensure regulatory action will not be taken against crypto businesses where the law is unclear.
July 30, 2021Experts discuss regulatory fragmentation, rapid travel rule adoption, and good compliance practices for VASPs.
July 29, 2021Slow implementation of travel rule requirements is acting as a disincentive to VASPs to invest in the necessary technology and compliance infrastructure.
July 6, 2021The FATF finalised reports on technological innovation, environmental crime, and asset recovery. New guidance on PF risk and a white paper on beneficial ownership were also finalised.
June 25, 2021The FSA has written to the JVCEA advising it to start preparing for the implementation of the travel rule in Japan's crypto industry.
April 7, 2021