CRYPTO / DIGITAL ASSETS

AML / KYC

HK Gov Issues Discussion Paper on Proposed VASP Regime

By Manesh Samtani | 11/02/2022

Licensing will be available to companies incorporated elsewhere as long as they have a registration in Hong Kong.

Fintech / Regtech

FSB Working on Global Regulatory Framework for Crypto

By Manesh Samtani | 11/02/2022

The FSB is reportedly “going full steam” on the issue of developing global regulatory standards for the crypto asset market.

AML / KYC

Wash Trading Undermines Trust in NFT Markets: Report

By Manesh Samtani | 10/02/2022

Wash trading profits are likely derived from sales to “unsuspecting buyers”, who believe the NFTs they purchase have been growing in value.

Fintech / Regtech

SETL, Digital Asset to Create Regulated Network for Tokens

By Editors | 10/02/2022

The network will enable central banks and regulated institutions to create tokens for customers, where each token will represent a regulated liability.

AML / KYC

US DOJ Makes Largest Ever Cryptocurrency Seizure

By Sanday Chongo Kabange | 10/02/2022

The DOJ seized a record USD 3.6 billion in bitcoin tied to the 2016 Bitfinex hack, representing the largest financial seizure in its history.

Fintech / Regtech

Boston Fed, MIT Research Shows Potential For CBDC

By Sanday Chongo Kabange | 10/02/2022

Project Hamilton produced a code base capable of handling 1.7 million transactions per second, 99% of which reached settlement finality in under one second.

AML / KYC

Thai SEC Calls on Crypto Businesses to Improve Cybersecurity

By Editors | 09/02/2022

The SEC reminds crypto businesses to bolsters their cybersecurity systems, safeguard customer assets, and comply with IT audit and penetration testing requirements.

Crypto / Digital Assets

Mitsui to Launch Japan’s First Gold-Pegged Cryptocurrency

By Mark Johnston | 08/02/2022

ZipangCoin will be made available to retail investors this month through Digital Asset Markets Inc, which is partly owned by Mitsui & Co.

AML / KYC

GLEIF Publishes Governance Details for Digitally Verifiable LEI

By Manesh Samtani | 08/02/2022

The vLEI Ecosystem Governance Framework is part of an initiative to ensure that every legal entity has a digital identity that can be trusted and easily verified.