Crypto / Digital Assets

Crypto / Digital Assets

CBIRC Warns of Crypto and Metaverse Frauds at College Campuses

By Darien Choong | 23/03/2022

The CBIRC’s Beijing bureau warns that concepts such as the metaverse and blockchain are being used to defraud local college students.

Fintech / Regtech

Malaysian Minister Calls for Adoption of Bitcoin as Legal Tender

By Editors | 23/03/2022

Deputy minister Zahidi Zainul Abidin says the government should consider adopting bitcoin and other cryptocurrencies as legal tender.

Crypto / Digital Assets

Australia Opens Consultation on Regulatory Regime for Crypto

By Manesh Samtani | 22/03/2022

The consultation proposes minimum standards of conduct, AML compliance obligations, and fit and proper requirements for directors and key persons.

Securities / Derivatives

IOSCO to Develop Regulatory Toolkit on Retail Investor Protection

By Manesh Samtani | 21/03/2022

IOSCO consultation asks whether certain gamification should be regulated or prohibited, and whether regulators should be monitoring crypto-asset trading by retail investors.

AML / KYC

Russia Promises to Contain Economic Fallout from Sanctions

By Manesh Samtani | 21/03/2022

Australia bans alumina exports to Russia. India is working on a rupee-ruble trade arrangement that would allow it to continue buying Russian energy.

Fintech / Regtech

Ripple Calls on Korea to Further Develop Digital Assets Framework

By Editors | 19/03/2022

New policy paper calls for the implementation of a “risk-sensitive” digital asset regulatory framework to provide certainty and encourage innovation in the sector.

AML / KYC

NZ Regulators Issue Guidance on Russia Sanctions Compliance

By Manesh Samtani | 19/03/2022

The guidance highlights the need for reporting entities to conduct due diligence to understand who has effective control or beneficial ownership of legal structures.

Crypto / Digital Assets

CFTC Consults on Crypto Derivatives Model Proposed by FTX

By Mark Johnston | 19/03/2022

Under the proposed model, customers would have to post margin to open a position, and the margin level will be recalculated every 30 seconds as positions are marked to market.

Fintech / Regtech

Australian Regulators Call for Action to Regulate Crypto Sector

By Sanday Chongo Kabange | 18/03/2022

The RBA’s Philip Lowe, ASIC’s Joe Longo and APRA’s Wayne Byres are calling additional regulation to protect consumers from risks associated with the crypto sector.