by Jyotsna Bucktowar | Apr 8, 2024
OFAC sanctioned thirteen entities and two individuals for operating in the financial services and technology sectors of the Russian Federation economy including persons developing or offering services in virtual assets that enable the evasion of U.S. sanctions. Five...
by Jyotsna Bucktowar | Mar 15, 2024
SFC has taken a firm stance against cryptocurrency exchange MEXC by adding it to its cautionary list issued on 15th March. This development highlights the SFC’s vigilance in ensuring compliance within the crypto industry, especially regarding licensing requirements...
by Jyotsna Bucktowar | Dec 27, 2023
The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) in Hong Kong are consulting on a legislative proposal to regulate fiat-referenced stablecoin issuers, incorporating a licensing regime and a sandbox arrangement to manage...
by AdrianaAMLP | Dec 20, 2023
The framework has been developed with a view to encouraging innovation and supporting the growth of the VA industry in a responsible and sustainable manner, whilst also importantly addressing and safeguarding against the potential financial crime risks associated with...
by AdrianaAMLP | Oct 18, 2023
On September 7, 2021, El Salvador became the first country in the world to adopt Bitcoin as legal tender and has enacted a series of laws and regulations regarding virtual assets in preparation for its mutual evaluation by the Latin American Financial Action Group...
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