Crypto / Digital Assets

Crypto / Digital Assets

New Zealand DIA Issues New AML-CFT Guidance for VASPs

By Sanday Chongo Kabange | 29/07/2024

The guidance clarifies that the travel rule does not apply to transfers to un-hosted/self-hosted wallets, but that customer due diligence is still required.

AML / KYC

A Whole New World for the Financial Action Task Force?

By Fatima Alsancak | 29/07/2024

With the next round of country assessments starting, the new FATF President has a lot of work to do over the next two years.

Crypto / Digital Assets

Swiss FINMA Publishes New Guidance on Stablecoins

By Editors | 29/07/2024

The guidance sets out new rules on deposit guarantees, which stablecoin issuers can obtain from banks instead of obtaining their own banking licences.

AML / KYC

Russian Actors ‘Ubiquitous’ in Global Crypto Crime: TRM Labs

By Editors | 27/07/2024

Sanctioned Russia-based crypto exchange Garantex accounted for 82% of crypto transactions associated with all sanctioned entities internationally in 2023.

Crypto / Digital Assets

UK FCA Fines Coinbase Unit for ‘Repeated’ Regulatory Breaches

By Editors | 26/07/2024

The Coinbase payments subsidiary provided payment services to more than 13,000 “high-risk” customers, despite being subject to restrictions imposed by the FCA.

Crypto / Digital Assets

Philippines: BSP to Conclude CBDC PoC by Year-end

By Nithya Subramanian | 26/07/2024

Testing of the DLT and wCBDC tokenisation is complete. Two test runs of sandbox experiments are now being conducted.

AML / KYC

US, UK, South Korea Warn of DPRK Espionage Campaign

By Editors | 26/07/2024

Joint advisory says North Korean hacker group ‘Andariel’ is a threat to entities in the US, UK, South Korea, Japan and India.

Crypto / Digital Assets

HSBC Australia Blocks Payments to Crypto Exchanges

By Editors | 26/07/2024

The decision was made in light of data showing that Australians lost up to A$171mn in investment scams in 2023.

Crypto / Digital Assets

Korea FSS Scrutinises Deposit Rates Paid by Crypto Exchanges

By Editors | 25/07/2024

The FSS determined that Bithumb’s proposal to pay 4 percent per annum on customer deposits was unreasonably high and did not comply with supervisory regulations.