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AML / KYC
US Warns Against Inadvertent Hiring of DPRK IT Workers
By Editors | 19/05/2022
North Korean IT workers may try to obtain employment building crypto exchange platforms and then use the infrastructure to launder money and evade sanctions.
Fintech / Regtech
SEBI Seeks to Ban Celebs from Promoting, Endorsing Crypto
By Editors | 19/05/2022
SEBI suggested to a parliamentary committee that prominent public figures be barred from promoting or endorsing crypto products.
Big Picture
Regulation Needed for ‘Shadow’ Crypto Financial System: BIS
By Manesh Samtani | 19/05/2022
As banks and asset managers increase exposure to crypto, substantial activity is still concentrated in lightly regulated crypto exchanges.
AML / KYC
US Charges Crypto CEO for Fraudulent Investment Scheme
By Mark Johnston | 19/05/2022
Eddy Alexandre, the CEO of EminiFX, promised weekly returns would be generated through proprietary robo-advising technology.
Crypto / Digital Assets
Nomura to Establish New Subsidiary Dedicated to Digital Assets
By Editors | 18/05/2022
The new subsidiary will combine digital asset services under a single entity that will have about 100 staff by end-2024.
Crypto / Digital Assets
Korea Regulators Probe Crypto Industry Over Terra Collapse
By Editors | 18/05/2022
Korean crypto exchanges have been asked to share their data on UST and LUNA transactions including and the number of affected investors.
AML / KYC
US Treasury Outlines Plans to Combat Illicit Finance
By Editors | 17/05/2022
Treasury highlighted efforts to address illicit finance risks associated with shell companies, all-cash real estate purchases, and virtual assets.
Crypto / Digital Assets
South Korea to Enact ‘Digital Assets Basic Act’ in 2023
By Editors | 17/05/2022
More banks will be able to offer services to crypto investors. The Bank of Korea Act will be revised to allow CBDC introduction.
Fintech / Regtech
FASB Commences Review of Accounting Rules for Digital Assets
By Editors | 16/05/2022
Crypto industry participants as well as ISDA are calling for the FASB to allow digital assets to be recorded on financial statements at fair value.
Crypto / Digital Assets
India’s NSDL Launches Blockchain Platform for NCD Market
By Editors | 16/05/2022
The new platform will record NCD creation, continuously monitor covenants and asset cover, and track credit ratings.
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