Crypto / Digital Assets

    Crypto / Digital Assets

    Fed Issues New Guidance to Banks Engaging in Crypto Activity

    By Manesh Samtani | 17/08/2022

    Banks seeking to engage in crypto-asset-related activities are directed to first notify their lead supervisory point of contact at the Federal Reserve.

    AML / KYC

    Three Associated with Tornado Cash Allegedly Arrested

    By Manesh Samtani | 16/08/2022

    Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.

    Crypto / Digital Assets

    ISLA May Revise GMSLA to Cater to Digital Assets

    By Editors | 15/08/2022

    ISLA has appointed Ashurst to assess whether the standard master agreements used in securities lending may need to be extended or revised.

    Crypto / Digital Assets

    Thailand to Improve Protections for Crypto Investors

    By Editors | 15/08/2022

    The regulatory changes are in part a response to a liquidity crisis at Zipmex, one of Thailand’s leading digital asset exchanges.

    Crypto / Digital Assets

    Philippines: BSP to Suspend VASP Licensing for Three Years

    By Editors | 15/08/2022

    Starting from 1 September, new VASP licence applications will only be entertained if they come from existing BSP-supervised financial institutions.

    Crypto / Digital Assets

    Financial Education Gaps Prevent Retail Participation in Markets

    By Manesh Samtani | 14/08/2022

    New research from WEF, BNY Mellon and Accenture finds 29% of investors do not understand crypto, but nearly 40% said the same of stocks and bonds.

    Crypto / Digital Assets

    FSC Korea Starts Work on New Crypto Legislation

    By Editors | 12/08/2022

    The new “Digital Assets Basic Act” is likely to adopt various measures from 13 bills already proposed by lawmakers and pending in the National Assembly.

    Crypto / Digital Assets

    SEC, CFTC Propose Enhanced Reporting Rules for Hedge Funds

    By Manesh Samtani | 11/08/2022

    Under the proposed rules, large hedge funds and PE funds would have to report their crypto exposures for the first time.

    Crypto / Digital Assets

    Japanese Crypto Industry Bodies Call for Tax Reforms

    By Editors | 11/08/2022

    The JCBA and JVCEA are asking for income from crypto-asset transactions to be taxed separately at a rate of 20 percent, rather than together with other income.

    Crypto / Digital Assets

    MAS Rescinds IPA Granted to Crypto Lender Hodlnaut

    By Editors | 11/08/2022

    Hodlnaut froze withdrawals, token swaps and deposits on its platform on Monday to focus on stabilising its liquidity and preserving assets.

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