All posts tagged "virtual currency"
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494AML / KYCHK Police Arrest Three in HK$54m Money Laundering Case – Report
Money stolen through telephone and online scams was laundered through at least three layers of bank accounts in Hong Kong within hours before being funnelled out of the city.
May 17, 2020 -
640Fintech / RegtechJapanese Crypto Exchange Operator to Close Shop
Tech Bureau Corp – the ex-operator of hacked exchange Zaif – will become the first FSA-registered crypto exchange operator to shut down its operations.
August 24, 2019 -
660EnforcementGovt Panel Formally Recommends Complete Crypto Ban in India
An inter-ministerial committee has formally recommended a complete ban on cryptocurrencies in India and to punish any crypto-related activity with up to 10 years' jail.
July 24, 2019 -
821AML / KYCJapan FSA Proposes Stronger Regulation for Crypto Assets
In a bill to amend the law, the FSA proposes the introduction of stronger protections for investors and restrictions to prevent misconduct in the crypto sector.
April 13, 2019 -
541Fintech / RegtechTaiwan FSC to Launch New Trading Platform for STOs
In new laws expected in June, the FSC will initially allow firms to offer STOs offering interest payments as with bonds, and prohibit companies from offering equity-like tokens.
April 8, 2019 -
3.3KAsia-PacificPhilippines Fintech Push Makes it a Compelling Market to Watch
Industry veteran Philip Keller explores the approach taken by regulators in the Philippines to encourage fintech innovation and financial sector digitalisation.
March 19, 2019 -
546AML / KYCChinese Supreme Court Directs Police on Illegal Fundraising Crackdown
Police officers found to be negligent in enforcing against illegal fundraising through online channels could face criminal charges.
January 31, 2019 -
965AML / KYCMAS Payment Services Bill Finalised, Tabled in Parliament
The Bill aims to provide a more conducive environment for innovation in payment services, while ensuring that risks across the payments value chain are mitigated.
November 19, 2018 -
702AML / KYC
Taiwan Cracks Down On Anonymous Virtual Currency Transactions
Taiwan has amended its AML/CFT laws, forbidding anonymous cryptocurrency transactions and empowering the FSC to take action against noncompliant platform operators.
November 5, 2018 -
Asia-Pacific
Indonesia, Vietnam Join Virtual Currency Clampdown
Indonesian central bank says ‘financial innovation’ requires pre-approval; State Bank of Vietnam to pass law outlawing virtual currencies next year.
October 30, 2017
