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Fintech / Regtech
Singapore Crypto Firms Offered Clarity on Advertising Ban
By Darien Choong | 12/04/2022
Industry bodies have formed a task force to draft a code of practice to address issues around marketing and advertising of crypto services, as suggested by MAS.
Crypto / Digital Assets
Shinhan Bank to Pilot Crypto Service for Corporate Clients
By Editors | 12/04/2022
Shinhan, through its partner exchange Korbit, will become the first Korean bank to allow businesses to invest in cryptocurrencies.
Crypto / Digital Assets
New Korean Government to Ease Real Estate Lending Rules
By Mark Johnston | 11/04/2022
President-elect Yoon Suk-yeol’s government plans to relax LTV ratio restrictions and reduce taxes on owners of multiple homes.
Fintech / Regtech
APRA to Set Out Expectations for FIs Dealing in Digital Assets
By Editors | 11/04/2022
APRA will not be introducing new regulatory requirements for FIs or attempting to hinder innovation. Rather, it will be asking them to closely assess and monitor new operational risks.
Crypto / Digital Assets
Indonesia to Start Taxing Crypto Investments, Fintech Services in May
By Editors | 10/04/2022
Indonesia will charge a capital gains tax and VAT on crypto transactions, as well as interest and fees generated from fintech services, starting on 1 May 2022.
Enforcement
ASIC Charges Firm for Offering Crypto Loans Without Credit Licence
By Sanday Chongo Kabange | 09/04/2022
ASIC has charged Helio Lending for falsely representing that it had a credit licence that allowed it to offer cryptocurrency-backed loans.
AML / KYC
EU Approves Russian Coal Ban, Australia Adds Sanctions
By Manesh Samtani | 08/04/2022
The EU approved bans on Russian coal imports, high-tech exports, port access, and more banks. Australia has sanctioned 67 more individuals.
Fintech / Regtech
Thai Crypto Firms Required to Issue Transaction Reports to Clients
By Editors | 07/04/2022
From 1 May, crypto businesses have to submit reports to customers within one day after a transaction is complete, allowing them to view records going back 18 months.
AML / KYC
US, German Authorities Target World’s Largest Darknet Market
By Manesh Samtani | 07/04/2022
OFAC has sanctioned Russia-based website Hydra Market and crypto exchange Garantex for facilitating transactions for ransomware actors.
Fintech / Regtech
Korean Banks to Request Entry into Crypto Sector – Report
By Editors | 07/04/2022
A report will be submitted to the incoming president’s transition committee requesting that banks be allowed to engage in the crypto sector.
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