Crypto / Digital Assets

AML / KYC

Revised Anti-Money Laundering Law Takes Effect in Taiwan

By Manesh Samtani | 08/08/2024

The amendments introduce criminal penalties for overseas crypto firms that offer services in Taiwan without establishing a local unit and complete an AML registration process.

AML / KYC

Taiwan FSC Imposes AML Fine on Crypto Firm Rybit

By Editors | 07/08/2024

Rybit failed to properly conduct customer risk assessments, confirm customer identities, and retain complete records, among other violations.

Crypto / Digital Assets

France Has Started Accepting Applications for MiCA Authorisation

By Ranamita Chakraborty | 07/08/2024

AMF said crypto firms already authorised to offer services in France have a transition period until 30 June 2026 to secure MiCA authorisation.

Crypto / Digital Assets

India Demands $86m in Back Taxes from Crypto Giant Binance

By Ajoy K Das | 06/08/2024

Binance is said to have earned more than $476mn in transaction fees from Indian customers between July 2017 and March 2024.

Crypto / Digital Assets

MAS Grants MPI License to HashKey’s OTC Trading Arm

By Ranamita Chakraborty | 06/08/2024

The licence authorises HashKey Technology Services to offer OTC trading services for digital payment tokens in Singapore.

Fintech / Regtech

Bank Indonesia Issues Five-Year Payment System Blueprint

By Editors | 06/08/2024

Bank Indonesia Governor Perry Wariyo said the plan to issue digital rupiah has entered the final stages.

Crypto / Digital Assets

South Korea’s Top Financial Regulator Gets New Chairman

By Manesh Samtani | 05/08/2024

The FSC’s new chairman, Kim Byoung Hwan, has set out his key areas of focus to ensure financial market stability in Korea.

Crypto / Digital Assets

Ripple Integrates Tokenised US Treasury Bills on XRP Ledger

By Ranamita Chakraborty | 04/08/2024

Ripple established a partnership with Singapore-based OpenEden to integrate tokenised T-bills on the XRP Ledger.

Crypto / Digital Assets

Korean Crypto Firms to Start Paying Supervisory Fees Next Year

By Editors | 03/08/2024

The fees, to be disclosed in March next year, apply to registered crypto firms with an operating revenue of at least KRW 3 billion.