Crypto / Digital Assets

AML / KYC

Russia Launches Blockchain-Based Alternative to SWIFT

By Editors | 14/06/2022

Russian state-owned firm Rostec said the blockchain-based platform will allow settlements in national currencies and eliminate the risk of sanctions.

Crypto / Digital Assets

Australia: New Govt to Push Ahead with BNPL, Crypto Regulation

By Editors | 14/06/2022

The government will also continue a consultation process started by Josh Frydenberg on a regulatory framework for the crypto sector.

Crypto / Digital Assets

Bangladesh Bank to Assess Feasibility of Introducing CBDC

By Editors | 14/06/2022

A CBDC is needed to facilitate the growth of digital transactions and encourage startups and e-commerce businesses, the finance minister said.

AML / KYC

IMF Calls on Philippines to Enhance AML Supervision

By Sanday Chongo Kabange | 14/06/2022

Limited actions to amend bank secrecy laws present risks to the Philippines. Casinos, the gaming industry, and crypto exchanges are flagged as risky.

Crypto / Digital Assets

Regulating the Metaverse: A “Metacode” of Conduct

By Kanv Pandit | 14/06/2022

Kanv Pandit highlights the need for a ‘metacode of conduct’ to protect metaverse users from loss and fraud until regulation catches up.

Crypto / Digital Assets

ADDX to Recognise Crypto Assets for Investor Onboarding

By Sanday Chongo Kabange | 14/06/2022

ADDX will begin recognising bitcoin and ether using a 50 percent haircut and stablecoin USDC using a 10 percent haircut.

ESG / Sustainability

UK, Japan Formalise Arrangements on Regulatory Cooperation

By Editors | 13/06/2022

UK and Japan participants agreed to establish an innovation working group to provide a space for collaboration on payments, cryptoassets and financial innovation.

Crypto / Digital Assets

Korean Police Probe Possible Embezzlement at Terraform Labs

By Editors | 13/06/2022

Crypto exchanges are also being asked to draft guidelines on the listing and delisting of digital tokens, so as to protect investors from another Terra-like collapse.

AML / KYC

Japan Ministry Seeks Powers to Confiscate Crypto Assets

By Editors | 12/06/2022

Japan’s organised crime law currently only allows seizures of real property, movable assets and monetary claims, but not crypto assets.