According to sources from within the government, a licensing regime for VASPs will be ready by the end of the first quarter, with block reward miners also set to be issued with their own set of rules.
VASPs must not advertise on public transport venues, broadcast media, third-party websites, or roadshows and must not turn to influencers on social media, according to Singapore’s central bank.
Estonia has been working on new AML laws that the government approved two weeks ago, and they are designed to clamp down on the digital currency industry.
Bitcoin SV Technical Standards Committee released the latest Travel Rule Specification covering FATF compliance and regulation for public review.
The Financial Services Commission in South Korea has issued a decree that bars staff members of any digital currency exchange from trading their own tokens.
Companies considered to be Virtual Asset Service Providers (VASPs) are now required to adhere to the same rules as other regulated financial companies in Ireland.
Senior officials in South Korea have approved measures that will introduce a raft of new anti-money laundering provisions for digital currency companies.
The new guidelines include the need to apply for an operating license, the minimum capital for service providers and stringent anti-money laundering programs.