Crypto / Digital Assets

Fintech / Regtech

Russia Finalises Bill to Give Crypto Legal Tender Status

By Sanday Chongo Kabange | 23/04/2022

The February version of the bill proposed to only allow crypto to be used as an investment vehicle. A digital ruble will be ready next year.

Fintech / Regtech

APRA Outlines Expectations on Managing Crypto-Asset Risks

By Ranamita Chakraborty | 22/04/2022

Regulated entities looking to launch crypto-asset-related operations should consult their supervisor first. A longer-term prudential framework is being developed.

Capital / Liquidity

Korea FTC Considers Stricter Regulations for Upbit, Bithumb

By Editors | 21/04/2022

Korean companies categorised as “large businesses” are placed under close monitoring and must disclose information on major intracompany dealings, board decisions and shareholders.

Crypto / Digital Assets

Asset Managers Should Put Customers at Heart: SGX

By Manesh Samtani | 21/04/2022

At the IMAS Digital Summit 2022, SGX CEO Loh Boon Chye discussed the exchange’s approach to digital assets and technology adoption.

AML / KYC

OFAC Sanctions Russian Crypto Miners, UK Targets Military

By Manesh Samtani | 21/04/2022

OFAC designated Russian crypto miners and a bank offering sanctions evasion services. The UK sanctioned Russian generals and others supporting the military.

AML / KYC

AUSTRAC Issues New Guidance on Ransomware, Crypto Crime

By Manesh Samtani | 21/04/2022

Financial services businesses are asked to use the indicators in the guides in transaction monitoring to detect potential illicit activity and file SMRs.

Crypto / Digital Assets

FSB Warns of Emerging Vulnerabilities, Financial Stability Risks

By Manesh Samtani | 21/04/2022

Global financial stability cannot be taken for granted going forward, FSB Chair Klaas Knot said in a letter to G20 Finance Ministers and Central Bank Governors.

Crypto / Digital Assets

Australia to Launch First Crypto ETFs Next Week

By Editors | 21/04/2022

Cosmos Asset Management will issue an ETF offering indirect exposure to Bitcoin. 21Shares will offer direct crypto exposures through a Bitcoin ETF and an Ether ETF.

AML / KYC

Hong Kong is Moving to a Robust Regulatory Framework for Crypto

By Etelka Bogardi | 19/04/2022

Etelka Bogardi and Amy Chung say Hong Kong’s efforts to regulate the crypto sector and stablecoin market are on the whole in line with international trends while leaving room for further development.