Crypto / Digital Assets

AML / KYC

Canada: FINTRAC Fines Binance for Regulatory Violations

By Editors | 14/05/2024

Binance failed to report almost 6,000 crypto transactions larger than CAD 10,000 over the two years to July 2023.

Crypto / Digital Assets

Global Implementation of BCBS Cryptoasset Standard Deferred

By Manesh Samtani | 14/05/2024

The BCBS oversight body said implementation will be deferred one year. It also announced the appointment of a new BCBS Chair.

Crypto / Digital Assets

BSP Allow PHP Stablecoin Project to Enter Sandbox

By Editors | 13/05/2024

Coins.ph will test a peso-backed stablecoin in payments, trading, hedging and DeFi applications.

AML / KYC

Taiwan Progresses New Anti-Fraud Legislative Package

By Editors | 12/05/2024

The legislative extends fraud prevention obligations to VASPs, telecom companies, and internet advertising platforms, among others.

Securities / Derivatives

SIFMA to Lead Shared Ledger Project for Multi-asset Transactions

By Manesh Samtani | 10/05/2024

The project participants and contributors include Citi, JP Morgan, Mastercard, Swift, Visa, Broadridge, DTCC, ISDA, and others.

AML / KYC

Australia Publishes Sanctions Advisory for Crypto Exchanges

By Nithya Subramanian | 10/05/2024

Digital currency exchanges should take “reasonable precautions” and exercise due diligence to prevent sanctions evasion.

Crypto / Digital Assets

EBA Publishes MiCA Standards for Stablecoin Authorisation

By Editors | 09/05/2024

New standards also set out the information that must be submitted for acquisitions in issuers of asset-referenced tokens.

Crypto / Digital Assets

FTX to Make Full Repayment to Non-Government Creditors

By Manesh Samtani | 09/05/2024

Under the reorganisation plan, up to 98% of non-government creditors will receive about 118% of their claims in cash.

Crypto / Digital Assets

Singapore, UK to Boost Fintech, Green Finance Cooperation

By Nithya Subramanian | 09/05/2024

MAS and HM Treasury will collaborate to develop and finance green finance and energy transition projects in APAC.