CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Digital Assets Industry is Shifting Focus to “Real Utility”: Report

By Editors | 22/02/2023

New report from Oliver Wyman, Elevandi and MAS says the downturn in the digital assets ecosystem could mark an inflection point.

AML / KYC

NYDFS Enhances Capabilities to Detect Crypt-related Crime

By Editors | 22/02/2023

The additional capabilities will help NYDFS detect insider trading, market manipulation, and front-running activity.

Crypto / Digital Assets

FSB Highlights NBFI, Crypto and DeFi as Key Priorities for 2023

By Editors | 21/02/2023

In a letter to G20 ministers, FSB chair Klaas Knot discusses commodity market vulnerabilities and work to address DeFi/crypto risks and enhance cross-border payments.

Crypto / Digital Assets

SFC Consults on New Licensing Regime for Crypto Trading Platforms

By Manesh Samtani | 20/02/2023

The consultation sets out requirements under the new licensing regime, including safeguards for retail investors, travel rule requirements, and maximum penalties for misconduct.

AML / KYC

Hong Kong Re-rated on Two FATF Recommendations

By Manesh Samtani | 20/02/2023

Hong Kong was upgraded for extending AML/CFT supervision to most DNFBP sectors, but downgraded for virtual asset-related deficiencies.

Securities / Derivatives

Marketnode, NowCM Join Forces to Digitalise APAC Debt Markets

By Editors | 20/02/2023

SGX’s Lee Beng Hong said the new digital service will enhance bond issuance efficiency and streamline processes for dealing with regulators, lawyers and listing agents.

Crypto / Digital Assets

GBBC Digital Finance Joins IOSCO as Affiliate Member

By Editors | 20/02/2023

GBBC Digital Finance will this year prioritising work to construct a DeFi education and engagement platform.

Crypto / Digital Assets

Russia to Launch CBDC Consumer Pilot in April With 13 Banks

By Editors | 20/02/2023

The 13 participating banks have “passed all tests” to confirm their technical readiness to start the pilot with a limited number of clients.

Crypto / Digital Assets

US SEC Fines Former NBA Star Over Crypto Promotion

By Editors | 20/02/2023

Paul Pierce promoted crypto asset securities known as EMAX tokens on social media without disclosing that he was paid to do so.