Crypto / Digital Assets

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    Crypto / Digital Assets

    Korea to Vote on Bill Requiring Crypto Disclosures by Politicians

    By Karen Ng | 23/05/2023

    The amendments, if passed, will require all public officials and candidates to disclose their crypto assets.

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