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Securities / Derivatives
Thai SEC Directs Listcos to Exercise Prudence in Crypto Business
By Editors | 20/06/2022
Circulars were sent to listed companies regarding digital assets. The SEC’s final advertising rules will take effect on 16 July. Huobi has exited the Thai market.
Crypto / Digital Assets
Korea: New FSC, FSS Chiefs to Prioritise Stability, Growth
By Mark Johnston | 20/06/2022
The FSS will be led by former prosecutor Lee Bok-hyun, while the FSC will be led by Kim Joo-hyun, who helped guide Korea through the 2008 crisis.
Crypto / Digital Assets
Korea Crypto Exchanges Agree Measures to Prevent Terra-style Losses
By Editors | 20/06/2022
Under a new system being proposed, crypto exchanges will coordinate to stop trading in tokens that become excessively volatile within 24 hours.
Crypto / Digital Assets
BIS Innovation Hub Announces New Set of Projects
By Editors | 20/06/2022
The first three Eurosystem Centre projects will focus on crypto markets, quantum-resistant cryptography for payments, and climate-related disclosures.
Enforcement
US Regulators Probe Celsius Suspension of Crypto Withdrawals
By Editors | 20/06/2022
Withdrawals have been suspended one week. Celsius says it is continuing efforts to stabilise its liquidity and operations, and that the process “will take time”.
AML / KYC
FATF Concludes Final Plenary Under German Presidency
By Editors | 19/06/2022
FATF will soon publish an update on travel rule implementation in the crypto industry, a report on collaborative analytics, and new guidance for the real estate sector.
Crypto / Digital Assets
US SEC Probes Insider Trading Controls at Crypto Firms: Reports
By Editors | 19/06/2022
The SEC is reportedly seeking information about how crypto exchanges protect their users from insider trading on their platforms.
Fintech / Regtech
‘Substantial Changes” Needed to Fully Reap Benefits of DeFi: BIS
By Sanday Chongo Kabange | 19/06/2022
A new BIS bulletin highlights a growing trend in DeFi to rely on forms of centralisation, and a need for it to ultimately fall within the regulatory umbrella.
Crypto / Digital Assets
Shanghai Strengthens Efforts to Curb Crypto Mining
By Darien Choong | 17/06/2022
Crypto mining has continued in China despite a government ban on such activities since May 2021.
AML / KYC
Russia Launches Blockchain-Based Alternative to SWIFT
By Editors | 14/06/2022
Russian state-owned firm Rostec said the blockchain-based platform will allow settlements in national currencies and eliminate the risk of sanctions.
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