Posts By Mark Johnston, Regulation Asia
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51CFTC Fines Tether as US Regulators Scrutinise Crypto Markets
Mark Johnston, Regulation Asia October 21, 2021The CFTC has fined Tether $41mn and Bitfinex's parent $1.5mn. Meanwhile New York prosecutors have directed two crypto lending platforms to cease operations.
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123Crypto Asset Regulation “A Matter Of Urgency”, says BOE
Mark Johnston, Regulation Asia October 19, 2021Deputy governor Jon Cunliffe says a “plausible scenario” involving a collapse in crypto-asset prices would have financial stability implications.
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68PBOC Tightens Rules on Use of Payment Acceptance Terminals
Mark Johnston, Regulation Asia October 18, 2021The geographical location of bank card and barcode payment acceptance terminals must be established and monitored to ensure consistency with the merchant's registered location.
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178PBOC Vows to Fill Gaps in FinTech Regulation
Mark Johnston, Regulation Asia October 15, 2021Governor Yi Gang says the PBOC will continue to strengthen its supervision of fintech companies, while also improving policy transparency and predictability.
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109EBA Clearing, SWIFT, TCH Collaborate on Cross-Border Payments
Mark Johnston, Regulation Asia October 13, 2021A POC has been completed that uses existing payment systems in the US and Europe to achieve synchronised settlements in cross-border payments.
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134RBI Announces Fraud Theme for Fourth Sandbox Cohort
Mark Johnston, Regulation Asia October 12, 2021The RBI said ‘prevention and mitigation of financial frauds’ will be the theme for the fourth regulatory sandbox cohort.
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143Malaysia SC Orders Decentralised Exchanges to Halt Operations
Mark Johnston, Regulation Asia October 11, 2021Entities interested in operating a decentralised exchange in Malaysia should apply to be registered as an RMO, the SC said.
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159FSB Takes Stock of Progress to Regulate ‘Global Stablecoins’
Mark Johnston, Regulation Asia October 8, 2021The FSB highlights concerns that new regulatory regimes for global stablecoins could give rise to regulatory arbitrage and harmful market fragmentation.
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176Etrading Software Opens Registration for Digital Token Identifiers
Mark Johnston, Regulation Asia October 8, 2021The new DTI Registry went live in July. Identifiers have already been issued for the top 100 cryptocurrencies by market cap.
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273First Taiwan Crypto Exchange Reports on AML Compliance
Mark Johnston, Regulation Asia October 7, 2021Eight crypto exchanges were asked to submit AML compliance statements to the regulator by the end of November.
