Crypto / Digital Assets

AML / KYC

Taiwan Prohibits Credit Card Usage for Crypto Transactions

By Darien Choong | 28/07/2022

Credit card companies that process payments for transactions involving virtual assets will have three months to stop.

Securities / Derivatives

CFTC, SEC Preparing to Tackle More Crypto-related Risks

By Manesh Samtani | 27/07/2022

The CFTC has a new innovation office and is realigning its customer education office. The SEC has appointed 20 new specialists to its crypto unit and wants a bigger budget.

AML / KYC

UK: Most Crypto Firms Simply Withdrew Their FCA Applications

By Mark Johnston | 26/07/2022

The FCA approved 35 crypto firms out of 273 that applied for registration with the FCA under AML regulations.

Crypto / Digital Assets

WEF Consortium Assesses Macro Impact of Crypto, Stablecoins

By Editors | 26/07/2022

Allowing crypto and stablecoins to play a role in the economy will bring the “highest macroeconomic net benefit to society”, the research finds.

AML / KYC

UK Requires Crypto Firms to Report Sanctions Breaches

By Editors | 26/07/2022

New regulations will require crypto exchanges and wallet providers to comply with OFSI’s reporting obligations from 30 August 2022.

Enforcement

Korea: Terra Investigators Seize Records from Crypto Firms

By Editors | 26/07/2022

Prosecutors have seized transaction records from seven crypto exchanges and some of their affiliates as part of a probe into Terra’s collapse.

Crypto / Digital Assets

US SEC Plans to Require Registration from Crypto Lending Firms

By Mark Johnston | 26/07/2022

SEC Chair Gary Gensler said many crypto lenders operate investment companies or banks, and that they should have to be registered under securities law.

Crypto / Digital Assets

South Korea Deferred Crypto Tax Plans Two Years

By Editors | 25/07/2022

The plan to tax crypto was deferred due to stagnant market conditions and a desire to first improve investor protections in the crypto sector.

Crypto / Digital Assets

Hong Kong as a Legal Centre of Excellence for Digital Finance

By Troy Song | 25/07/2022

Many crypto exchanges and institutions already choose Hong Kong as the place to resolve their disputes, but more need to be done, says Troy Song.