U.S. Removes Cryptocurrency AML Measures from Defense Funding Bill • Google Implements Stricter Advertising Standards for Cryptocurrency Coin Trusts • Singapore and China Launch Pilot Program for Digital Yuan in Cross-Border Tourism Spending • IRS Seeks Stakeholder Input on New Crypto Reporting Regulations • Indian Government Supports Web3 Startups, Establishes Blockchain CoE • Armenian Cultural Heritage Digitized Using Solana Blockchain and NFTs • Kazakhstan Blocks Nearly 1,000 Illegal Crypto Exchanges in 2023 • Crypto AML Provisions Dropped from US Defense Bill • UK Antitrust Regulator May Investigate Microsoft’s OpenAI Collaboration • Binance Withdraws Abu Dhabi License Application
Hong Kong Police Arrest Suspects in JPEX Scandal

Hong Kong Police Arrest Suspects in JPEX Scandal

Download PDF | Download Word The Hong Kong police arrested eighteen individuals on charges of suspected fraud in connection with unlicensed crypto exchange JPEX. According to reports, the alleged fraud involved over 2000 victims and resulted in losses of more than...

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HKMA Publishes 2023 Fintech Promotion Roadmap for Hong Kong

HKMA Publishes 2023 Fintech Promotion Roadmap for Hong Kong

Download PDF | Download Word Hong Kong is on track to become a global Fintech hub with the HKMA’s announcement of its 2023 Fintech Promotion Roadmap. This roadmap seeks to promote Fintech adoption in the wealth management, insurance and green investment sectors, and...

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SFC Warns Unlicensed Crypto Exchanges re. Improper Conduct

SFC Warns Unlicensed Crypto Exchanges re. Improper Conduct

Download PDF | Download Word There are a number of existing virtual asset trading platforms (VATPs) operating in Hong Kong. How do existing VATPs comply with Hong Kong’s 2023 AMLO licensing regime? In this newsletter we set out the transitional arrangements that have...

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