Crypto / Digital Assets

Enforcement

UK HMRC Seizes Three NFTs in Fraud Investigation

By Editors | 20/02/2022

Three people were arrested on suspicion of attempting to defraud HMRC using 250 fake companies. This is the first time a UK agency has seized NFTs.

Fintech / Regtech

NYSE Seeks Trademark Licences for Digital Marketplace

By Sanday Chongo Kabange | 18/02/2022

A filing with the US Patent and Trademark Office suggests the NYSE may be planning to launch an NFT marketplace as well as its own cryptocurrency.

Big Picture

HKCERT Warns of Information Security Risks in 2022

By Editors | 18/02/2022

NFT and metaverse-related risks, and crypto account hacks and thefts, were cited as top information security risks for the first time.

AML / KYC

18 Crypto Exchanges Jointly Launch Travel Rule Solution

By Editors | 18/02/2022

The firms include BitGo, bitFlyer, Bittrex, BlockFi, Circle, Coinbase, Fidelity Digital Assets, Gemini, Kraken, and Robinhood, among others.

Market Infrastructure

FSB Updates G20 on 2022 Priorities, Including Work on Crypto-assets

By Manesh Samtani | 17/02/2022

The FSB has started to examine regulatory and supervisory issues and approaches to address risks stemming from unbacked crypto-assets.

Crypto / Digital Assets

BOT Intervenes to Facilitate PayPal Transition to Local Service

By Darien Choong | 16/02/2022

PayPal has to relaunch services in Thailand to comply with new tax reporting rules and local AML regulations.

Fintech / Regtech

Crypto-related Financial Stability Risks are Increasing: FSB

By Manesh Samtani | 16/02/2022

Crypto-related financial stability risks could “rapidly escalate”, underscoring the need for “timely and pre-emptive” evaluation of possible policy responses.

Fintech / Regtech

Thai SEC Proposes New Rules on Crypto-related Advertising

By Manesh Samtani | 15/02/2022

Advertisements related to cryptocurrencies in public areas will be prohibited, but advertising of services “can still be carried out normally”.

Fintech / Regtech

DBS to Offer Retail Crypto Trading by Year End

By Mark Johnston | 15/02/2022

DBS plans to make access to its institutional trading desk for digital assets more convenient and to launch retail services by year-end.