Crypto / Digital Assets

Crypto / Digital Assets

Taiwan to Propose Draft Crypto BIll in September

By Mark Johnston | 05/03/2024

The bill aims to create comprehensive regulations for the crypto industry, improve investor protections, and address risks to the traditional financial system.

Crypto / Digital Assets

Australia: CBA Users Critical of Limits on Crypto-related Transfers

By Sanday Chongo Kabange | 05/03/2024

The A$10,000 monthly limit is intended to keep customers safe from fraud and scams, the bank said.

Crypto / Digital Assets

Cayman Islands Launches Crypto Consultation Using GitHub

By Nithya Subramanian | 05/03/2024

Software coding collaboration platform GitHub is being used for the first time to collate public feedback on the draft legislation.

Crypto / Digital Assets

UDPN Launches “All-in-One” Digital Currency Sandbox

By Editors | 05/03/2024

The sandbox contains technologies for CBDC, tokenised deposits, stablecoins, purpose-bound money, and security and bond tokenisation systems.

Crypto / Digital Assets

SFC Issues More Warnings About Suspected Crypto Frauds

By Sanday Chongo Kabange | 05/03/2024

BitForex, which disappeared with users’ funds last month, was added to the alert list, along with suspicious websites impersonating HashKey and OSL.

AML / KYC

1,200 Victims Freed from ‘Notorious’ Scam Centre in Myanmar

By Editors | 04/03/2024

Most of the rescued victims are Chinese nationals, who are being taken to an airport in Thailand and flown back to China.

Crypto / Digital Assets

Russia Re-rated on Four FATF Recommendations

By Editors | 04/03/2024

Russia was upgraded on R.6, R.7, and R.25, and downgraded on R.15 because digital currency activities are largely unregulated.

AML / KYC

Illicit Crypto Funds Flow Into Sanctioned Entities and Jurisdictions: Report

By Nithya Subramanian | 01/03/2024

Chainalysis said that entities in heavily sanctioned jurisdictions lack access to traditional financial systems and are attempting to use crypto to evade sanctions.

Crypto / Digital Assets

SFC Issues Guidance on Disciplinary Process Under Virtual Assets Regime

By Sanday Chongo Kabange | 01/03/2024

The guide describes the SFC’s process for taking disciplinary action, what such action can entail, and who can be subject to such action.