Crypto / Digital Assets

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    AML / KYC

    Japan to Enforce Travel Rule for Crypto from 1 June

    By Ranamita Chakraborty | 24/05/2023

    The FSA had already issued rules for travel rule implementation, but a definitive date for enforcement had not been set until now.

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    AML / KYC

    SFC Finalises Licensing Regime for Crypto Trading Platforms

    By Sanday Chongo Kabange | 24/05/2023

    The SFC will start accepting licence applications from virtual asset trading platforms starting 1 June.

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    Crypto / Digital Assets

    Korea to Vote on Bill Requiring Crypto Disclosures by Politicians

    By Karen Ng | 23/05/2023

    The amendments, if passed, will require all public officials and candidates to disclose their crypto assets.

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    Crypto / Digital Assets

    Indian Crypto Firms Call for UPI Access to be Restored

    By Karen Ng | 22/05/2023

    The calls for UPI access to be restored come after India’s government added virtual assets to the country’s Prevention of Money Laundering Act in March.

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    Crypto / Digital Assets

    China’s Top Prosecutor Warns of NFT-related Fraud and Risks

    By Karen Ng | 22/05/2023

    The Supreme People’s Procuratorate said prohibiting transactions in cryptocurrencies is an important safeguard for the digital collectibles industry.

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    Crypto / Digital Assets

    Westpac Blocks Payments to Crypto Firms, Including Binance

    By Sanday Chongo Kabange | 22/05/2023

    Westpac said the move could save millions after it found that a third of all scam payments were transferred directly to crypto exchanges.

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    Crypto / Digital Assets

    NYAG Fines Crypto Wallet Provider for Misleading Investors

    By Editors | 21/05/2023

    Coin Cafe had advertised free wallet storage for Bitcoin, but then routinely charged and increased its fees “without properly informing investors”.

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    Crypto / Digital Assets

    US DOJ Charges Another for Role in ‘CoinDeal’ Fraud

    By Mark Johnston | 20/05/2023

    Bryan Lee allegedly conspired with others to defraud investors in companies that claimed to be developing metaverse-related technologies.

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    Crypto / Digital Assets

    UK Lawmakers Propose to Regulate Crypto as Gambling Products

    By Mark Johnston | 19/05/2023

    Report says unbacked crypto assets such as Bitcoin and Ether do not have intrinsic value and pose significant risks to consumers.

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    AML / KYC

    FATF President Calls on G7 to Act on Crypto Assets

    By Editors | 19/05/2023

    T Raja Kumar called on the G7 to “lead by example” in fully and effectively implementing the FATF Recommendations on crypto assets.

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