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Fintech / Regtech
Shanghai Court Says Bitcoin is Protected by Law as ‘Virtual Property’
By Darien Choong | 10/05/2022
Shanghai’s High Court said property rights protections apply to Bitcoin because it has a certain economic value and has the attributes of property.
AML / KYC
OFAC Sanctions Crypto Mixer, 49 More Wallet Addresses
By Editors | 09/05/2022
Crypto mixer Blender.io was used to process over $20.5mn of the crypto stolen from the Axie Infinity hack in March, OFAC said.
AML / KYC
US, UK Include Professional Services in New Russia Sanctions
By Manesh Samtani | 09/05/2022
New OFAC designations; US and UK bans on Russian access to professional services; New trade restrictions, vessel designations
AML / KYC
US Court Orders BitMEX Co-Founders to Pay $30m in Fines
By Editors | 08/05/2022
The orders follow the CFTC’s $100mn settlement with five BitMEX entities last year over violations of US derivatives and AML regulations.
AML / KYC
Central African Republic Adopts Bitcoin as Legal Tender
By Editors | 06/05/2022
The adoption of Bitcoin as legal tender is expected to make transactions in CAR easier, but the move is seen as part of a power struggle between Russia and France.
Fintech / Regtech
J5 Publishes Red Flag Indicators to Address NFT Risks
By Editors | 05/05/2022
Tax enforcement agencies provide a list of account and transaction attributes from NFT marketplaces that may indicate fraud or other illicit activity.
Big Picture
DTCC Calls for Greater Scrutiny of Interconnectedness Risks
By Editors | 05/05/2022
Interconnectedness, while providing benefits, poses certain risks that need to be recognised and analysed to guard against system-wide vulnerabilities, DTCC says.
Enforcement
US SEC Expands Enforcement Unit Dedicated to Crypto, Cyber
By Editors | 05/05/2022
The additional resources will be used to prioritise investigations related to crypto asset offerings, exchanges, lending and staking products, as well as DeFi platforms, NFTs and stablecoins.
Fintech / Regtech
S. Korea Set to Delay Capital Gains Tax for Crypto
By Editors | 04/05/2022
President-elect Yoon Seok-yeol is planning to defer the tax to 2025 to allow time for the enactment of a new set of regulations designed to protect consumers.
Securities / Derivatives
AIMA Publishes Institutional Investor Guide on Digital Asset Custody
By Editors | 04/05/2022
The guide was produced with contributions from Anchorage Digital, Barclays Investment Bank, Capco, Coinbase, Copper, Digivault, and Fidelity Digital Assets, among others.
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