Crypto / Digital Assets

Crypto / Digital Assets

ECB Launches Two-Year Preparation Phase for Digital Euro

By Mark Johnston | 20/10/2023

The ECB said its Governing Council will decide after the two year preparation phase whether to proceed to the next stage.

Crypto / Digital Assets

ESMA Calls on NCAs, Crypto Firms to Start Preparing for MiCA

By Manesh Samtani | 20/10/2023

ESMA is concerned that MiCA’s optional grand-fathering period might allow some crypto firms to continue operating without a full licence all the way until July 2026.

AML / KYC

KoFIU Calls on Financial Industry to Bolster AML Efforts

By Manesh Samtani | 20/10/2023

AML evaluations identified independent audit, customer verification, and manpower shortages as areas for improvement. More attention is also needed on virtual assets.

AML / KYC

FinCEN to Require FIs to Report Transactions Involving Crypto Mixers

By Editors | 19/10/2023

FIs would have to report information about transactions they know or suspect could involve crypto mixing, whether in the US or in another jurisdiction.

AML / KYC

Singapore Prosecutors Establish Technology and Crypto Crime Task Forces

By Editors | 19/10/2023

Singapore’s Attorney General’s Chambers has established a Technology Crime Task Force and Virtual Currency Task Force.

Crypto / Digital Assets

ASIC Chair Stresses Need for Strong Regulation in Crypto

By Mark Johnston | 18/10/2023

ASIC chair Joe Longo was speaking hours after the launch of a new consultation paper on the future regulation of crypto service providers.

Crypto / Digital Assets

California Governor Approves Digital Financial Assets Law

By Editors | 18/10/2023

The law grants California’s DFPI the authority to develop a regulatory framework for crypto activities in the state.

Crypto / Digital Assets

BCBS Consults on Bank Disclosure Requirements for Crypto Exposures

By Editors | 17/10/2023

Major banks would have to disclose information on their crypto activities, crypto exposures, and related accounting classifications and capital and liquidity requirements.

Crypto / Digital Assets

MAS Grants Major Payments Institution Licence to Upbit

By Editors | 16/10/2023

Upbit is South Korea’s largest crypto exchange. The group also has regulated digital asset exchanges in Indonesia and Thailand.