Crypto / Digital Assets

Crypto / Digital Assets

Korea Approves Enforcement Decree for New Virtual Assets Law

By Sanday Chongo Kabange | 26/06/2024

The enforcement decree mandates requirements on the safe storage of virtual assets and regulates unfair trading activities.

Crypto / Digital Assets

UDPN Launches New Digital Currency Management Systems

By Manesh Samtani | 26/06/2024

One system was launched for commercial banks and regulated stablecoin issuers, and another to help FIs manage real-world asset tokenisation.

Crypto / Digital Assets

EU Council Formally Adopts 14th Russia Sanctions Package

By Editors | 25/06/2024

The measures target Russia’s LNG sector, sanctions circumvention, the finance sector, Russian disinformation, dual-use goods, and 27 “shadow fleet” vessels.

Crypto / Digital Assets

South Korea Enhances Reporting Requirements for VASPs

By Mark Johnston | 25/06/2024

The revisions supplement changes that were approved in March, in anticipation of the new Virtual Asset User Protection Act coming into force next month.

Crypto / Digital Assets

SNB Extends CBDC Project ‘Helvetia’ for Two More Years

By Editors | 24/06/2024

The SNB said it has become “the world’s first central bank” to carry out a monetary policy operation in a live production environment using DLT.

Crypto / Digital Assets

Hong Kong Seeks to Lures Canadian Tech Startups to City

By Sanday Chongo Kabange | 22/06/2024

Hong Kong officials are calling on crypto, fintech and Web3 startups from Canada to set up in the city.

AML / KYC

India FIU Imposes $2.25m Penalty on Crypto Exchange Binance

By Editors | 21/06/2024

Binance will pay the penalty as part of a push to re-enter the Indian market after its website and app were blocked in the country around six months ago.

AML / KYC

Singapore Publishes Money Laundering Risk Assessment

By Manesh Samtani | 21/06/2024

Banking is Singapore’s highest risk sector. A key ML threat is cyber-enabled fraud, typically orchestrated by criminal syndicates located overseas.

Crypto / Digital Assets

Korea FSS Releases Findings from Consultations With VASPs

By Mark Johnston | 20/06/2024

The FSS identified some deficiencies, including issues relating to the segregation of user assets, cold wallet management, and internal controls.