South Korea: Updated crypto law enters into force today

Key takeaways: The law enters into force on March 25, 2021. It sets new AML requirements on virtual asset service providers including real-name verification, customer due diligence, reporting requirements, travel rule, etc. Concerned entities are granted a 6-month grace period to fully comply by September 24, 2021. On March 5, »

How to implement a risk-based approach on transaction monitoring to comply with Singaporean regulations? Download the Guide for free

Scorechain releases the latest Guide to help crypto businesses in Singapore to comply with AML/CTF regulations by implementing the risk-based approach on transaction monitoring. Download the FREE Guide here: https://scorechain.com/Singapore-MAS-Virtual-Assets-Red-Flags Cryptocurrencies and digital assets have raised concerns from worldwide regulators. With increasing usage and business opportunities, regulators have started to »

FinCEN proposed crypto rules: foreign accounts holding crypto would be reportable on the FBAR; crypto exchanges would identify personal wallets – Both should undergo further review by the new administration though

If you are a US person holding assets worth more than $10,000 (including cryptocurrencies) overseas, you may be concerned with this topic. If you are a US bank or money service business dealing with cryptocurrencies, you may be concerned as well.   Key takeaways: In a recent notice, FinCEN proposed to »

Comment obtenir l’agrément PSAN auprès de l’AMF ?

Le développement du marché des crypto-monnaies amène les entreprises à développer des services autour de ces actifs numériques pour satisfaire les besoins des investisseurs et consommateurs. De fait, les régulateurs du monde entier cherchent désormais à garantir un cadre légal afin de protéger les investisseurs et d’empêcher la fraude, le »