Crypto / Digital Assets

Crypto / Digital Assets

Hong Kong Budget to Advance Green, Crypto Hub Ambitions

By Manesh Samtani | 23/02/2023

Financial Secretary Paul Chan announced in the government’s 2023-2024 budget that he will establish and lead a task force on virtual asset development.

Fintech / Regtech

Deutsche Bank Develops Investment Servicing Platform for Digital Funds

By Editors | 23/02/2023

The platform will make it easier for firms to launch and administer digital investment funds, which may comprise crypto, tokenised securities and other digital assets.

Crypto / Digital Assets

Australian Crypto Exchange Reopens After FTX Loss

By Editors | 22/02/2023

Customers of Digital Surge are allowed to make deposits, withdrawals, and trade, months after AUD 33 million of its digital assets became locked up in FTX.

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.