Crypto / Digital Assets

AML / KYC

FCA Extends Temporary Registrations Regime for Cryptoasset Firms

By Sanday Chongo Kabange | 04/06/2021

A “significantly high number” of cryptoasset businesses are not meeting AML/CTF standards, a key part of obtaining registration with the FCA.

Crypto / Digital Assets

MAS Issues Guidance on Managing Risks of Cloud Services

By Editors | 04/06/2021

In a new advisory, MAS highlights the key risks and control measures FIs should consider before adopting public cloud services.

AML / KYC

Korea Designates FSS as Agency to Regulate Virtual Assets

By Sanday Chongo Kabange | 03/06/2021

The FSS will oversee the crypto industry, including in relation to AML rules imposed by the Act on Reporting and Using Specified Financial Transaction Information.

Crypto / Digital Assets

DeFi May Be Subject to Licensing Requirement, Warns Thai SEC

By Sanday Chongo Kabange | 03/06/2021

The SEC warned that failure to obtain a licence for the issuance of digital tokens on DeFi platforms could be punishable under the Digital Assets Act.

Crypto / Digital Assets

Bursa Malaysia Concludes Blockchain Bond POC with STACS

By Sanday Chongo Kabange | 03/06/2021

The collaborative efforts from the PoC have established a new ‘Bond in a Box’ operating model that shows commercial potentials, the project report says.

AML / KYC

2018 Circular Prohibiting Crypto Dealings Not Valid, RBI Clarifies

By Sanday Chongo Kabange | 01/06/2021

The RBI has clarified that its 2018 circular prohibiting cryptocurrency dealings is no longer valid, and should not be cited or quoted from.

Crypto / Digital Assets

DBS Issues First STO on New Digital Exchange

By Sanday Chongo Kabange | 01/06/2021

The issuance paves the way for other issuers to access the capital markets through STO issuances as asset tokenisation turns mainstream, DBS says.

Crypto / Digital Assets

Leveraged Crypto Trading Threatens Financial System: BOK

By Sanday Chongo Kabange | 31/05/2021

High leverage, price volatility and increased trading in crypto assets puts households at risk of financial damages, which could impact the financial system.

Crypto / Digital Assets

Inner Mongolia Government Threatens Punishment for Crypto Mining

By Sanday Chongo Kabange | 28/05/2021

A new notice warns telecoms, big data centres and cloud computing companies of severe punishment if they engage in or facilitate crypto mining activities.