Crypto / Digital Assets

AML / KYC

FSA Offers Update on Work to Strengthen Japan’s AML System

By Manesh Samtani | 17/04/2022

Discussions are underway on the implementation of a new shared transaction monitoring and screening system. A new ‘beneficial ownership list system’ has been established.

Crypto / Digital Assets

Australia: Regulatory Hurdles Delay Rollout of CBA Crypto Services

By Mark Johnston | 15/04/2022

ASIC is using its design and distribution powers to ensure CBA customers are provided the right level of disclosures around crypto product risks.

Fintech / Regtech

PwC Publishes 2022 Rankings of Global Retail, Wholesale CBDCs

By Sanday Chongo Kabange | 14/04/2022

The highest ranking retail CBDC projects were from Nigeria, the Bahamas, and China. The highest ranking wholesale CBDC projects were from Thailand, Hong Kong and Singapore.

Crypto / Digital Assets

ASEAN Ministers, Central Banks Prioritise Financial Stability, Inclusion

By Sanday Chongo Kabange | 14/04/2022

Finance ministers and central bankers have committed to promoting financial stability, financial inclusion and banking integration in the ASEAN region.

Crypto / Digital Assets

Nasdaq Publishes Guide on Global Crypto Regulation

By Editors | 14/04/2022

Nasdaq has published a summary of laws and regulations governing the trading of crypto assets around the world.

AML / KYC

Man Jailed for Attempting to Help DPRK Evade Sanctions with Crypto

By Editors | 14/04/2022

The DOJ says known hacker Virgil Griffith was developing crypto infrastructure in North Korea and attempting to broker introductions to service providers to facilitate sanctions evasion.

AML / KYC

Crypto Firms and Sanctions: Five Tools for Compliance

By Manesh Samtani | 12/04/2022

Sanctions screening starts with effective KYC, says Refinitiv’s Neil Vaz, pointing to five “universal tools” crypto firms need to ensure compliance.

Fintech / Regtech

Singapore Crypto Firms Offered Clarity on Advertising Ban

By Darien Choong | 12/04/2022

Industry bodies have formed a task force to draft a code of practice to address issues around marketing and advertising of crypto services, as suggested by MAS.

Crypto / Digital Assets

Shinhan Bank to Pilot Crypto Service for Corporate Clients

By Editors | 12/04/2022

Shinhan, through its partner exchange Korbit, will become the first Korean bank to allow businesses to invest in cryptocurrencies.