Crypto / Digital Assets

Crypto / Digital Assets

India MCA Directs Companies to Disclose Crypto Dealings

By Editors | 01/04/2021

Companies are required to disclose their cryptocurrency dealings as well as profits and losses on these transactions in their financial statements.

AML / KYC

MAS Offers New AML/CFT Guidance for VASPs

By Editors | 28/03/2021

MAS has identified several VASPs that have not come forward for licensing despite operating in Singapore or soliciting business from Singapore residents.

Crypto / Digital Assets

CFTC Penalises Coinbase for False Reporting, Wash Trading

By Editors | 23/03/2021

The settlement requires Coinbase to pay $6.5mn, and desist from any further violations of the Commodity Exchange Act or CFTC regulations.

Fintech / Regtech

BSP, PDAX to Cooperate on Crypto-and-Fintech Regulatory Sandbox

By Editors | 23/03/2021

A crypto-and-fintech regulatory sandbox will boost innovation and technological advancement in financial services, while also increasing public participation in these markets.

AML / KYC

Korea’s New AML Law for VASPs Set to Take Effect

By Sanday Chongo Kabange | 22/03/2021

From 25 March, VASPs will have six months to register with KoFIU, and must start report suspicious transactions. The travel rule will apply one year later.

AML / KYC

FATF Seeks Stakeholder Views on Updated VASP Guidance

By Editors | 21/03/2021

Views are sought from academics, policy bodies, VASPs, technology developers and providers, other regulated entities such as banks, and authorities.

AML / KYC

China: 13 Arrested for Using Crypto to Launder Fraud Proceeds

By Editors | 21/03/2021

The suspects confessed to laundering proceeds from telecoms fraud using Tether, before withdrawing the funds to transfer overseas.

Crypto / Digital Assets

Australia to Expand Scope, Length of Fintech Select Committee

By Editors | 18/03/2021

The FinTech Select Committee’s mandate has been extended from an April deadline to October 2021. A report on its work programme is expected in April.

AML / KYC

Bangladesh Officials Confirm Use of Bitcoin to Finance Terrorism

By Editors | 13/03/2021

Two arrested militants have reportedly confessed to receiving funds through Bitcoin from extremist groups since 2014.