Page 5 - Virtual Assets News Today

Sumsub, a global full-cycle verification platform, has announced its integration with CODE, a Travel Rule compliance solution. Both companies will collaborate to facilitate secure and immediate data sharing among Virtual Asset Service Providers (VASPs), aligning with Travel Rule compliance requirements for virtual asset transactions. In addition to the integration, CODE will refer Sumsub's Know-Your-Customer (KYC) solution to its clients for enhanced user onboarding and verification process...

Hong Kong’s largest virtual bank is preparing to introduce virtual asset trading services for retail investors, CEO Ronald Iu says. Plans are afoot as a new regulatory regime is rolled out in June.

5% - 10% of all assets are expected to be virtual by 2030

In today’s edition: Investors at Thepeer request financial audit || Kenya to regulate crypto trading || Detained Binance executive remanded in custody till May 17 || Mt. Gox to reimburse $10 billion with of bitcoin || Microsoft and Coca-Cola forge $1.1 billion AI deal

From 27 to 29 March, the Office of the Co-ordinator of OSCE Economic and Environmental Activities (OCEEA) organized a 3-day study visit for representatives of the National Bank of Moldova to Tbilisi, Georgia.

The European Parliament has a approved a proposed ban on anonymous crypto transactions executed through self-hosted wallets.

IN its Updated Guidance for a Risk-Based Approach for Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs), released in 2021,

The increased interest in bitcoin reflects how a community of cryptocurrency enthusiasts on the mainland continues to thrive, despite a sweeping government ban.

Kenya has been put on the list of nations that will be under heightened monitoring on how it is countering money laundering, terrorist financing, and proliferation financing by the Financial Action Task Force (FATF).

In early 2023, offshore jurisdictions like Jersey, Cayman Islands and British Virgin Islands passed legislation that indicated they were welcoming virtual assets service providers (VASPs). Lawyers share that this will allow VASPs to anchor in the said jurisdictions despite increased regulatory burdens, compliance costs and stringent penalties.