08/16/2019
HMRC seeks digital platform for field fraud officers
The software must also integrate with the department’s wider technology estate and infrastructure.
Legal,Regulation,Tax & Compliance
08/16/2019
Novel issues facing Cayman insolvency professionals dealing with crypto assets
This article provides an overview of some of the challenges facing Cayman insolvency professionals (IPs) when confronted with insolvent estates possessing crypto assets1.
08/16/2019
New money-laundering rules change everything for cryptocurrency exchanges
Complying with regulators could mean the difference between going mainstream and remaining forever on the margins of the global financial system.
08/15/2019
Cayman Data Protection Law, 2017
The DPL will apply to any data controller that is established in the Cayman Islands
08/15/2019
Central Banks Worldwide Testing Their Own Digital Currencies
This was revealed at a forum held in the northern Chinese province of Heilongjiang on Aug. 10 by Mu Changchun, deputy director of the PBOC’s payments department.
08/14/2019
EU Members Adopt Tougher Crypto Rules Than AML Directive Requires
German Regulations Chase Out Crypto Companies Like Bitpay
08/14/2019
Bitcoin investors face tax crackdown from HMRC
One industry insider, speaking to Coindesk said: "HMRC is looking to work with exchanges when it comes to finding information on people who have been buying and selling crypto. I think they will only go back a couple of years, two or three years.
08/14/2019
SEC Files Emergency Action Against Organizer of 'Fraudulent' $15 Million ICO
The Commission’s complaint, filed in federal court in Brooklyn, New York, alleges that the Defendants marketed and sold securities called “VERI” tokens on the internet, inducing retail investors to invest based on multiple material misre
08/13/2019
SEC Division Of Corporate Finance Issues Second No-Action Letter For A Bloakchain Token Issuance
To date, Bitcoin and Ether have avoided being characterized by the SEC
08/13/2019
Bitcoin investors face tax crackdown from HMRC
HMRC is looking to work with exchanges when it comes to finding information on people who have been buying and selling crypto
08/09/2019
UK taxman demands customer info from crypto exchanges: report
The move follows similar steps from tax authorities elsewhere, most notably the IRS in the U.S., towards recovering unpaid tax on cryptocurrency transactions.
08/08/2019
Osirium Technologies Secures Two Annual Contracts For PxM Platform
The AIM-listed company noted the contract with the UK university is an upgrade from Osirium's free of charge PxM Express offering, and is for over 100 devices and covers software and technical support.
08/08/2019
SGX regulatory arm to tighten oversight of Singapore market
SGX RegCo's listings disciplinary committee has started hearings against three companies.
08/01/2019
Taxing the global digital giants: it’s easier said than done
A taxation system put in place for manufacturing industries and the trade in products seems unable to cope with digital transnational corporations whose services are delivered from anywhere.
08/01/2019
Singapore’s Regulator Warns of New Scam Bitcoin Investment Scheme
According to MAS, the scam website referenced fabricated statements falsely attributed to Goh Chok Tong
08/01/2019
Kenya’s CMA admits three fintechs to regulatory sandbox
A third fintech firm admitted has elected to remain anonymous, during its three months test period, except to its closed group of test subjects, an option provided by the company to the authority, the CMA said.
07/31/2019
FCA provides clarity on current cryptoassets regulation
This includes making the important distinction as to which cryptoassets fall inside the regulatory perimeter clearer.
07/31/2019
Taiwan joins Asia digital banking push with three new online licenses
The island’s Financial Supervisory Commission said the digital banking licenses were granted to LINE Financial Taiwan
07/30/2019
Al Ahli Bank of Kuwait Partners With EdgeVerve
Somnath Menon, Group Chief Operating Officer - Al Ahli Bank of Kuwait, said, "Robotic Process Automation is part of ABK's digitization strategy to transition to the next level of innovation and technology in banking.
07/30/2019
Appleby Assist Global Crypto Investor
Appleby advised on and prepared documentation for XBTO’s license, which is one of only 3 DABA licenses issued to date in Bermuda under the new FinTech regime.