Crypto / Digital Assets

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    Crypto / Digital Assets

    DMM Bitcoin to Shut Down, Transfers Assets to SBI Subsidiary

    By Mark Johnston | 04/12/2024

    DMM Bitcoin has been unable to recover from the May theft of approximately 4,502.9 Bitcoins and has decided to shut down operations.

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    AML / KYC

    Taiwan Executive Yuan Approves “Version 2.0” Anti-Fraud Action Plan

    By Manesh Samtani | 03/12/2024

    The FSC also issued new regulatory guidelines for FIs and VASPs on preventing the fraudulent use of financial services.

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    Crypto / Digital Assets

    Permissionless Blockchains Can Enhance Traditional Financial Services

    By Editors | 03/12/2024

    European Commission report says public permissionless blockchains represent a promising alternative to permissioned platforms.

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    AML / KYC

    Australian Police Dismantle Money Laundering Syndicate

    By Sanday Chongo Kabange | 03/12/2024

    The AFP has arrested four men and dismantled an organised crime syndicate that allegedly laundered A$10mn of criminal proceeds.

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    Crypto / Digital Assets

    Hong Kong Circulates Tax Break Proposal for Hedge Funds, Family Offices

    By Nithya Subramanian | 03/12/2024

    The proposal will expand the tax exemptions for PE funds, hedge funds and family offices to cover gains from virtual assets, carbon credits, and other asset classes.

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    Sanctions

    Iran Launch of CBDC to Combat Sanctions is ‘Imminent’ – Report

    By Editors | 02/12/2024

    The Central Bank of Iran also recently launched a SWIFT alternative, the “ACU-MIR” system, which is enabling transactions with countries such as India and Pakistan.

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    Crypto / Digital Assets

    Taiwan FSC Launches New Registration System for VASPs

    By Manesh Samtani | 02/12/2024

    The FSC also released guidelines for firms providing virtual asset services and launched a “Virtual Asset Custody Services” pilot programme.

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    Crypto / Digital Assets

    Japan FSA Issues Warnings to Five Crypto Firms for Unregistered Operations

    By Thisanka Siripala | 01/12/2024

    The FSA issued warnings to Bitcastle, Bitget, Bybit, KuCoin, and MEXC, notifying them of non-compliance with Japanese law.

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    AML / KYC

    Central Banks Offers Legal and System Design Lessons for Retail CBDC

    By Manesh Samtani | 01/12/2024

    Seven central banks have published two new papers summarising key legal and system design aspects of retail CBDC.

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    Crypto / Digital Assets

    HKMA Announces Launch of Digital Bond Grant Scheme

    By Editors | 30/11/2024

    The scheme offers grants of up to HK$2.5mn for each eligible digital bond issuance to promote bond tokenisation in Hong Kong.

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