Tag: VASPs

Findings from Chainalysis shows the NFT space to be prone to wash trading, but most traders are not profiting.

By Shiela Bertillo Mobile e-wallets Paymaya and Novi Philippines Inc. are now added to the list of firms licensed by

The post PayMaya and Facebook Novi Philippines Receive Virtual Currency Exchange License from the BSP appeared first on BitPinas.

A draft of a new cryptocurrency asset law was introduced in Peru in December, seeking to regulate the cryptocurrency interactions that are already happening in the country. The draft law, besides defining what a crypto asset is and establishing the duties of virtual asset service providers (VASPs), also seeks to legalize the use of assets […]

The government of Estonia has approved legislation tailored to improve oversight of its crypto sector which expanded rapidly due to favorable regulations and business climate. The new law, which is yet to be adopted, will introduce stricter requirements for service providers without preventing their clients from owning or exchanging cryptocurrencies. Authorities in Tallinn Draft Stricter […]

Estonian Ministry of Finance released an official clarification of the recently submitted draft legislation that stirred up rumors about a possible ban on cryptocurrencies.  According to the rebuttal, the bill, which still needs to undergo three parliament readings, was drafted and submitted in a bid to tighten the existing crypto service providers licensing, and will […]

The post The Estonian government is not banning crypto, but drafts legislation to tighten regulation appeared first on CryptoSlate.

Uppsala Security, a provider of security tools and services for crypto AML/CTF, transaction risk management, regulatory compliance, transaction tracking, and cyber security, recently announced the expansion of their business in the NFT (non-fungible token) custody area. In the recent months since the NFT space expanded exponentially, a number of cases related to damaged assets emerged […]

The post South Korean blockchain security firm Uppsala expands into NFT custody space appeared first on CryptoNinjas.

Starting in the year 2022, donated or inherited virtual assets will be assessed and taxed accordingly, South Korea’s National Tax Service has said. Dunamu, Bithumb Korea, Korbit, and Coinone are the new virtual asset service providers (VASPs) tasked with evaluating digital assets for such tax purposes. Virtual Asset Service Providers Tasked With Evaluating Crypto Gifts…

The post Donated or Inherited Virtual Assets to Be Taxed by South Korea’s NTS appeared first on Bitcoin News Miner.

  The Financial Action Task Force (FATF) recently reported that only 58 out of 128 reporting jurisdictions advising that they have now implemented any the revised FATF standards, including the “travel rule.” This aligns with what we have found through…

The post CipherTrace Traveler solves the Sunrise Problem for Virtual Currency Travel Rule compliance appeared first on CipherTrace.

On December 10, the blockchain intelligence firm Chainalysis revealed that the company has added support for Bitcoin’s second-layer protocol the Lightning Network (LN)....

Share some Bitpinas love:By Hans DoringoThe Aurora Pacific Economic Zone and Freeport Authority (APECO), a state-owned and controlled corporation, issued regulations governing the...

Blockchain & DeFi Protocols — Cayman Islands Investment StructuresWhy the Cayman Islands?The Cayman Islands has proved a popular choice for issuers of virtual assets during...

Share some Bitpinas love:By Shiela BertilloIn the question and answer part of the Bangko Sentral ng PIlipinas’ (BSP) learning session, Cryptocurrency 101, Melchor...