Crypto / Digital Assets

AML / KYC

VerifyVASP Becomes First LEI Validation Agent in Crypto Space

By Manesh Samtani | 26/05/2023

VerifyVASP will be able to help VASP clients obtain an LEI, which can be used in counterparty due diligence and travel rule compliance.

Crypto / Digital Assets

ESMA Warns of Crypto Mis-selling by EU Investment Firms

By Mark Johnston | 26/05/2023

ESMA says firms should now use their regulatory status for traditional finance as a marketing tool to promote crypto investments.

Crypto / Digital Assets

TP ICAP Launches New Digital Assets Trading Platform

By Mark Johnston | 25/05/2023

The platform can be used for order matching and trade execution, with segregated custody and settlement done separately.

AML / KYC

Hong Kong SFC Issues Updated AML/CFT Guidelines

By Editors | 25/05/2023

The updated AML/CFT guideline includes a new stand-alone chapter on regulatory requirements and standards for addressing ML/TF risks associated with virtual assets.

Enforcement

Malaysia SC Orders Crypto Firm Huobi to Cease Local Operations

By Ranamita Chakraborty | 24/05/2023

Huobi is directed to stop advertising to Malaysian investors and to remove its app from local app stores.

Crypto / Digital Assets

OCBC Partners ADDX to Launch Tokenised Structured Note

By Karen Ng | 24/05/2023

By tokenising the three-month fixed coupon note and distributing it on ADDX’s platform, OCBC will have access to ADDX’s global accredited investor base.

Crypto / Digital Assets

IOSCO Proposes First-Ever Global Regulations for Crypto Market

By Ranamita Chakraborty | 24/05/2023

The recommendations cover activities including offering, admission to trading, ongoing trading, settlement, market surveillance and custody, and retail distribution.

AML / KYC

Japan to Enforce Travel Rule for Crypto from 1 June

By Ranamita Chakraborty | 24/05/2023

The FSA had already issued rules for travel rule implementation, but a definitive date for enforcement had not been set until now.

AML / KYC

SFC Finalises Licensing Regime for Crypto Trading Platforms

By Sanday Chongo Kabange | 24/05/2023

The SFC will start accepting licence applications from virtual asset trading platforms starting 1 June.