Crypto / Digital Assets

Fintech / Regtech

Crypto Firms Should Not Advertise to Retail Customers: MAS

By Mark Johnston | 18/01/2022

New guidelines say crypto firms should refrain from advertising their services in public areas in Singapore or via social media influencers.

AML / KYC

KoFIU Unveils AML Supervision & Inspection Plan for 2022

By Sanday Chongo Kabange | 18/01/2022

KoFIU will begin inspections on VASPs, financial institutions, casinos and mutual finance companies starting February.

Fintech / Regtech

MAS Grants RMO Licence to Digital Asset Platform ECXX

By Editors | 17/01/2022

ECXX Global Pte Ltd entered Sandbox Express in August 2020 as a digital asset exchange platform providing investors access to security tokens.

AML / KYC

Crime Becoming Smaller Part of Crypto Ecosystem: Report

By Manesh Samtani | 17/01/2022

Chainalysis estimates that illicit wallet addresses received $14bn throughout 2021, but this represented just 0.15% of total transaction volumes in crypto during the year.

Fintech / Regtech

China State Planner Declares Cryptocurrency Mining Obsolete

By Mark Johnston | 14/01/2022

The NDRC said that measures to stamp out cryptocurrency mining are part of efforts to help achieve peak carbon and carbon neutrality targets on schedule.

Crypto / Digital Assets

Thai Stock Exchange Unveils Three-Year Strategic Plan

By Mark Johnston | 14/01/2022

The SET will launch a new exchange for fundraising by SMEs and startups within in Q1, and a new digital asset exchange in Q3.

Crypto / Digital Assets

BIS, SNB, SIX Complete wCBDC Integration Test with Bank Systems

By Editors | 13/01/2022

In the second phase of Project Helvetia, a wholesale CBDC was used to test settlement of interbank, monetary policy and cross-border transactions with banking systems.

Fintech / Regtech

Thailand Taxation Rules for Crypto to be Ready Soon

By Mark Johnston | 13/01/2022

A 15% capital gains tax will be applied to investors as well as operators of crypto mining facilities, but not crypto exchanges.

Fintech / Regtech

HKMA to Introduce Regulatory Framework for Stablecoins

By Mark Johnston | 13/01/2022

Only Hong Kong incorporated entities licensed by the HKMA would be allowed to actively market stablecoins to the local public.