Crypto / Digital Assets

Fintech / Regtech

DBS to Offer Retail Crypto Trading by Year End

By Mark Johnston | 15/02/2022

DBS plans to make access to its institutional trading desk for digital assets more convenient and to launch retail services by year-end.

AML / KYC

MAS Tables Bill to Obtain Enhanced Regulatory Powers

By Sanday Chongo Kabange | 15/02/2022

The Financial Services and Markets Bill will give MAS enhanced regulatory powers to address misconduct, crypto asset and technology risks.

AML / KYC

In Conversation With Siddhant Sahai, Deutsche Bank

By Bradley Maclean | 15/02/2022

Siddhant Sahai says a greater focus on inter-bank relationship monitoring and timely sharing of information are needed to truly address financial crime risks.

Fintech / Regtech

UN Agency Approves Technical Standards Project for NFTs

By Editors | 14/02/2022

The project is led by Tencent, with support from other companies, universities and institutions including Ant Group.

Securities / Derivatives

PBOC Official Calls Out ‘Illegal’ Foreign Investment Channels

By Darien Choong | 13/02/2022

The PBOC’s Sun Tianqi has warned domestic securities firms against using their offshore units to facilitate cross-border securities trading.

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.