Crypto / Digital Assets

Enforcement

Crypto Exchange Pays OFAC USD 1.2 Million to Settle Crimea Violations

By Editors | 14/12/2023

US-based CoinList Markets processed 989 transactions on behalf of users in the Crimea region in violation of OFAC sanctions regulations.

AML / KYC

AUSTRAC Announces Regulatory Priorities for 2024

By Editors | 13/12/2023

AUSTRAC will scrutinise the banking, gambling and remittance sectors, as well as crypto firms, payment platforms and non-bank lenders.

Crypto / Digital Assets

NYAG Announces $22m Settlement With Crypto Firm KuCoin

By Editors | 13/12/2023

KuCoin is required to refund more than USD 16.7 million to New York investors and pay more than USD 5.3 million to the state.

Crypto / Digital Assets

Taiwan FSC to Form New Financial Technology Bureau

By Editors | 13/12/2023

The new bureau, operating alongside the FSC’s four other bureaus, will be charged with regulating and supervising the crypto sector.

Fintech / Regtech

Thailand SEC Unveils 2024-2026 Strategic Plan

By Editors | 12/12/2023

The plan seeks to boost trust in the capital market, promote the sustainable finance and digital asset ecosystems, and enhance supervisory and enforcement processes.

Crypto / Digital Assets

FSC Korea Proposes Rules to Protect Virtual Asset Users

By Manesh Samtani | 12/12/2023

VASPs must store at least 80% of customers’ virtual assets in cold wallets, purchase liability insurance, hold reserves, and monitor for abnormal transactions.

Enforcement

Binance’s CZ Zhao Now Required to Remain in US Until Sentencing

By Editors | 11/12/2023

Initially, a magistrate judge appeared to be allowing Zhao to leave the US until his sentencing hearing in February. A district court judge has reversed this ruling.

Market Infrastructure

RBI in Talks With HK, US on Cross-border CBDC Payments

By Ajoy K Das | 08/12/2023

The RBI has set up a working group to create a roadmap for settling international remittances using CBDCs.

Crypto / Digital Assets

Taiwan Considers Platform Design for Possible Future CBDC

By Editors | 08/12/2023

Taiwan’s central bank has completed a wholesale CBDC feasibility and technology study but has not yet decided whether to introduce a CBDC.