Crypto / Digital Assets

    AML / KYC

    FSS Korea Mulls New Crypto Rules to Counter ‘Kimchi Premium’

    By Sanday Chongo Kabange | 20/04/2021

    The plan is a response to growing suspicions that investors are purchasing bitcoin from overseas exchanges with the intent of selling them in Korea at a premium.

    Crypto / Digital Assets

    Gary Gensler Sworn Into Office as New SEC Chair

    By Sanday Chongo Kabange | 18/04/2021

    Gary Gensler was sworn in as the new SEC chairman three days after the US Senate voted to approve his nomination.

    AML / KYC

    SEC Thailand Allows Crypto Exchange Bitkub to Resume Services

    By Editors | 12/04/2021

    Bitkub has been allowed to resume accepting new clients. A warning was issued against Binance. Huobi was ordered to suspend services.

    Crypto / Digital Assets

    G20 to Use All Available Policy Tools for As Long As Required

    By Manesh Samtani | 11/04/2021

    G20 Finance Ministers and Central Bank Governors committed to avoiding any premature withdrawal of Covid-19 support measures, in line with the FSB’s recommendations.

    AML / KYC

    FATF President Calls for Rethink of Regulatory Culture

    By Manesh Samtani | 09/04/2021

    Dr Marcus Pleyer says supervisors and compliance officers in banks and companies mostly still take a basic tick-box approach.

    AML / KYC

    Sydney Court Jails Man for Cryptocurrency Money Laundering

    By Sanday Chongo Kabange | 08/04/2021

    The man used other people’s identities to set up accounts with a cryptocurrency provider, which he used to withdraw stolen bitcoin.

    Crypto / Digital Assets

    Thailand SEC to Require Crypto Investors to Have Experience

    By Sanday Chongo Kabange | 08/04/2021

    Under the new regulations, cryptocurrency investors must have previous experience or training to prove their knowledge of cryptocurrency.

    Crypto / Digital Assets

    BNM to Explore Benefits of CBDC Issuance Through PoCs

    By Sanday Chongo Kabange | 07/04/2021

    BNM does not have any immediate plans to issue a CBDC but will actively assess the potential value proposition of digital currencies.

    AML / KYC

    Japan Crypto Industry to Adopt Travel Rule by April 2022

    By Sanday Chongo Kabange | 07/04/2021

    The FSA has written to the JVCEA advising it to start preparing for the implementation of the travel rule in Japan’s crypto industry.

    Crypto / Digital Assets

    PBOC Proposes Global Rules for CBDC Monitoring, Data Sharing

    By Sanday Chongo Kabange | 01/04/2021

    The PBOC suggests CBDC systems of different jurisdictions should be interoperable for monitoring and information sharing.

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