Crypto / Digital Assets

AML / KYC

Australian Police Dismantle Money Laundering Syndicate

By Sanday Chongo Kabange | 03/12/2024

The AFP has arrested four men and dismantled an organised crime syndicate that allegedly laundered A$10mn of criminal proceeds.

Crypto / Digital Assets

Hong Kong Circulates Tax Break Proposal for Hedge Funds, Family Offices

By Nithya Subramanian | 03/12/2024

The proposal will expand the tax exemptions for PE funds, hedge funds and family offices to cover gains from virtual assets, carbon credits, and other asset classes.

Sanctions

Iran Launch of CBDC to Combat Sanctions is ‘Imminent’ – Report

By Editors | 02/12/2024

The Central Bank of Iran also recently launched a SWIFT alternative, the “ACU-MIR” system, which is enabling transactions with countries such as India and Pakistan.

Crypto / Digital Assets

Taiwan FSC Launches New Registration System for VASPs

By Manesh Samtani | 02/12/2024

The FSC also released guidelines for firms providing virtual asset services and launched a “Virtual Asset Custody Services” pilot programme.

Crypto / Digital Assets

Japan FSA Issues Warnings to Five Crypto Firms for Unregistered Operations

By Thisanka Siripala | 01/12/2024

The FSA issued warnings to Bitcastle, Bitget, Bybit, KuCoin, and MEXC, notifying them of non-compliance with Japanese law.

AML / KYC

Central Banks Offers Legal and System Design Lessons for Retail CBDC

By Manesh Samtani | 01/12/2024

Seven central banks have published two new papers summarising key legal and system design aspects of retail CBDC.

Crypto / Digital Assets

HKMA Announces Launch of Digital Bond Grant Scheme

By Editors | 30/11/2024

The scheme offers grants of up to HK$2.5mn for each eligible digital bond issuance to promote bond tokenisation in Hong Kong.

AML / KYC

Australian Parliament Passes Historic AML/CTF Amendment Bill

By Thisanka Siripala | 29/11/2024

The bill extends AML/CTF obligations to lawyers, accountants, TCSPs, real estate professionals, and dealers in precious metals and stones.

Capital / Liquidity

BCBS Finalises Technical Amendments to Basel Framework

By Editors | 29/11/2024

The amendments concern the standardised approach to credit risk and the capital charge for Group 2a cryptoassets. An amendment to the CCR framework is also proposed.