Crypto / Digital Assets

Crypto / Digital Assets

Australian Federal Police Forms Cryptocurrency Unit

By Editors | 13/09/2022

The new unit will target assets and provide investigative tracing capabilities for all of the AFP’s commands across all of its businesses.

AML / KYC

Five Korean Crypto Exchanges Face AML Penalties

By Editors | 12/09/2022

Most of the funds involved in Woori and Shinhan’s suspicious wire transfers came from five crypto exchanges and were not reported.

Crypto / Digital Assets

CME Group Announces Launch Of Ether Options

By Editors | 12/09/2022

The new options contract is being launched in anticipation of the upcoming Ethereum Merge, which CME sees as a “potentially game-changing update”.

Crypto / Digital Assets

DBS to Expand Crypto Offerings to More Clients – Report

By Editors | 11/09/2022

CEO Piyush Gupta says DBS will soon offer crypto services to 300,000 other clients across Asia such as private banks, accredited investors, exchanges and funds.

AML / KYC

BSP Issues New Guidance on TFS Implementation

By Sanday Chongo Kabange | 09/09/2022

The guidance sets out the BSP’s regulatory expectations and identifies emerging typologies, including the use of virtual assets to finance terrorism.

Crypto / Digital Assets

Australia Clarifies Crypto is Not Taxed as Foreign Currency

By Editors | 08/09/2022

The proposed legislation removes uncertainty regarding whether Bitcoin may be treated as a ‘foreign currency’ for income tax purposes.

Crypto / Digital Assets

Thai SEC Advances Work to Revamp Rules for Crypto Firms

By Editors | 08/09/2022

The SEC will appoint a working group to consider amendments to the regulatory framework. Separately, it has filed a police complaint against Zipmex.

Fintech / Regtech

Korea to Launch KRX-Operated Digital Securities Market

By Editors | 07/09/2022

Security token guidelines will be published in Q4 2022, and rule changes will be made next year to establish a system for issuance and distribution.

AML / KYC

UK OFSI Updates Sanctions Guidance to Include Crypto

By Editors | 07/09/2022

Crypto firms are directed to freeze assets of targets listed under the Consolidated List and report suspected sanctions breaches to the OFSI.