Fraud, Scams & Cybercrime

US Agents Seized Over $3.3bn in Silk Road’s Bitcoin Last Year: DOJ

08/11/2022

Over 50,000 Bitcoin, stolen from online marketplace Silk Road in 2012, was seized in November 2021 and has since lost more than two-thirds of its value.

CBDCs

Bank of Korea Completes Second Stage of CBDC Experiments

08/11/2022

BOK tested the use of its CBDC system to purchase NFTs, perform cross-border remittances, fulfill seizure orders, and automate AML/CFT monitoring and STR filings.

Anti-Money Laundering

IFSCA Issues AML/CFT Guidelines for GIFT City Regulated Entities

07/11/2022

The IFSCA said all senior managers are responsible for compliance with the new guidelines, which also apply to financial groups of regulated entities.

Cryptocurrency

EU Parliament to Delay MiCA Vote Until Feb 2023 – Report

07/11/2022

The European Parliament was planning to hold its vote on the MiCA text in December. The European Council approved the text in early October.

Conduct, Culture & Accountability

CSRC Launches Upgraded Investor Complaints Service

07/11/2022

The CSRC said the enhancements will make it easier for investors to report issues they encounter and improve processing speed and efficiency.

Structural Regulation

Australia Postpones Financial Adviser Registration Requirement

07/11/2022

Legislation passed last October required financial advisers to register with ASIC by 1 January 2023. The new deadline is 1 July 2023.

Sustainable Finance

Singapore Launches New Climate Finance Accelerator

07/11/2022

MAS, Google Cloud and KPMG launched the accelerator to channel capital toward companies with market-ready climate fintech solutions.

Custody & Infrastructure

Goldman, MSCI, Coin Metrics Launch Taxonomy for Digital Assets

07/11/2022

The taxonomy classifies coins and tokens based on how they are used to facilitate digital asset portfolio analysis, monitoring, benchmarking, and risk management.

Tokenisation

SIX Dually Lists UBS Bond on Digital & Traditional Exchanges

07/11/2022

UBS says the issuance is the world’s first public benchmark bond that investors can access in both digital and traditional markets.