Crypto / Digital Assets

Big Picture

FSB Reports Progress to G20 on Financial System Resilience

By Editors | 02/11/2021

The FSB emphasises a need to ensure that regulatory frameworks allow for the financial sector to harness the benefits of innovation while containing the related risks.

Crypto / Digital Assets

Tokyo Court Confirms $9bn Plan to Repay Mt Gox Creditors

By Editors | 30/10/2021

The rehabilitation plan will lead to the distribution of more than $9bn to investors who lost bitcoins when Mt Gox closed more than seven years ago.

AML / KYC

FATF Issues Final Updated Guidance on Virtual Assets, VASPs

By Manesh Samtani | 29/10/2021

The guidance offers clarification on the definition of VASPs, and explains how the FATF standards apply to stablecoins, P2P transactions, NFTs and DeFi.

Crypto / Digital Assets

ASIC Issues Guidance on Crypto-asset Investment Products

By Editors | 29/10/2021

ASIC says it has introduced a new ‘crypto-asset’ category in the licensing application for responsible entities.

Crypto / Digital Assets

India No Longer Likely to Ban Cryptocurrencies – Report

By Ranamita Chakraborty | 29/10/2021

Finance ministry officials have reportedly said that a law for cryptocurrencies could as soon as February 2022, around the time of India’s next general Budget.

Big Picture

FSB Annual Report Warns of Continued Financial Stability Risk

By Manesh Samtani | 28/10/2021

Sudden sharp movements in asset prices could spill over across the financial system and the unwinding of policy support could prompt insolvencies and credit losses.

Fintech / Regtech

Nigeria Launches Central Bank Digital Currency, eNaira

By Editors | 27/10/2021

The eNaira is expected to boost cross-border trade and financial inclusion, improve transaction efficiency, and make monetary policy more effective.

AML / KYC

FATF Concludes Plenary, Finalises Work in Key Areas

By Manesh Samtani | 23/10/2021

The FATF will issue updated guidance for VASPs next week. A statement on Afghanistan was released. Beneficial ownership and cross-border payments also in focus.

AML / KYC

Australia Senate Report Proposes New Crypto Licensing Regime

By Manesh Samtani | 21/10/2021

The committee recommends a new category of market licence be created for crypto exchanges and a new company structure for DeFi platforms.