CRYPTO / DIGITAL ASSETS

AML / KYC

Taiwan FSC to Develop Regulatory Guidelines for Crypto Industry

By Editors | 31/03/2023

The guidelines will cover information disclosures, product listings, customer asset segregation, money laundering prevention, consumer protection, and information security, among other areas.

AML / KYC

UK Unveils New Plan to Tackle Economic Crime

By Sanday Chongo Kabange | 31/03/2023

The plan involves hiring 475 specialist investigators, investing in technology and data analytics, and establishing a new multi-agency crypto cell.

Crypto / Digital Assets

IOSCO Issues Final Guidance on Mitigating Risks to Retail Investors

By Manesh Samtani | 31/03/2023

IOSCO offers a comprehensive toolkit of measures for regulators to consider when addressing crypto scams, greenwashing and other forms of retail misconduct.

Enforcement

Bankman-Fried Enters Not Guilty Plea to Revised Indictment

By Editors | 31/03/2023

Bankman-Fried previously pleaded not guilty to eight charges. Four charges were added last month and a bribery charge earlier this week.

Capital / Liquidity

FSB to Develop and Run Global Bank Stress Test

By Manesh Samtani | 31/03/2023

The FSB’s work programme for 2023 includes plans to develop and run a global bank stress test in cooperation with the BCBS.

Crypto / Digital Assets

US SEC Forces Shut Down of Crypto Platform Beaxy

By Sanday Chongo Kabange | 30/03/2023

The SEC charged Beaxy and its affiliates for performing the functions of an exchange, broker, clearing agency, and dealer without registration.

AML / KYC

HKMA, SFC to Host Discussions Between Crypto Firms & Banks

By Editors | 30/03/2023

A roundtable will take place on 28 April at the HKMA to facilitate dialogue and experience sharing regarding opening and maintaining bank accounts.

AML / KYC

EBA Drafts Amendments to AML Guidance to Account for Crypto Risks

By Mark Johnston | 29/03/2023

The amendments are part of efforts to implement MiCA, which is due to be voted on in April.

Crypto / Digital Assets

Australia: Senator Introduces New Crypto Regulation Bill

By Editors | 29/03/2023

Senator Andrew Bragg said Australia’s crypto regulation has stalled and the government’s “token mapping” consultation programme is too slow.