Crypto / Digital Assets

Enforcement

Vietnam Investigating $660mn Cryptocurrency Fraud

By Samuel Riding | 16/04/2018

Central bank concerned up to 32,000 people have been defrauded; Prime Minister urges regulators to ‘toughen management’ of cryptocurrency activity.

AML / KYC

S.Korea Probes Banks’ Cryptocurrency AML Polices

By Editors | 12/04/2018

Financial Services Commission to conduct on-site expectations of three banks with cryptocurrency account relationships.

AML / KYC

Japan Proposes Regulatory Framework to Legalise ICOs

By Manesh Samtani | 09/04/2018

Government-backed research group proposes rules for identifying investors, preventing money laundering and protecting equity and debt holders.

Crypto / Digital Assets

India Bars Banks from Cryptocurrency Dealings

By Manesh Samtani | 07/04/2018

Reports suggest banks will have three months to comply; central bank meanwhile explores feasibility of state-backed digital currency.

AML / KYC

New Rules for Australian Crypto Exchanges Take Effect

By Manesh Samtani | 05/04/2018

Exchanges must register with AUSTRAC, adopt AML/CTF programme, verify customer identities, report suspicious transactions, maintain seven years of records.

Crypto / Digital Assets

Report Suggests China May Support Global Crypto Regulation

By Manesh Samtani | 03/04/2018

PBOC’s Institute of International Finance says China would actively participate in a G20-led effort to establish a global regulatory framework.

Crypto / Digital Assets

Thailand Finalises Cryptocurrency Tax Framework

By Manesh Samtani | 30/03/2018

Cryptocurrency trades to be subject to 7 percent value added tax and 15 percent capital gains tax; fintech association chair says move may drive startups overseas.

AML / KYC

S.Korea to Inspect Banks’ Crypto Dealings for AML Compliance

By Manesh Samtani | 26/03/2018

FSS and KoFIU will check on implementation progress of AML guidelines; examine corporate accounts belonging to crypto exchanges.

Crypto / Digital Assets

South Korean Crypto Exchanges Raided in Embezzlement Probe

By Manesh Samtani | 20/03/2018

Staff and executives at three exchanges allegedly siphoned customer deposits to buy cryptocurrency on other platforms.