Crypto / Digital Assets

AML / KYC

New Zealand Consults on Broad Changes to AML/CFT Act

By Manesh Samtani | 07/10/2021

Changes being considered include the introduction of a new registration regime for all AML/CFT businesses, a licensing regime for VASPs, and direct penalties for senior managers.

AML / KYC

First Taiwan Crypto Exchange Reports on AML Compliance

By Mark Johnston | 07/10/2021

Eight crypto exchanges were asked to submit AML compliance statements to the regulator by the end of November.

Fintech / Regtech

ISDA to Develop Standard Documentation for Crypto Derivatives

By Mark Johnston | 06/10/2021

ISDA CEO Scott O’Malia says a new working group has been formed to develop standard documentation for crypto derivatives.

AML / KYC

US to Gather 30 Countries to Coordinate Ransomware Response

By Editors | 06/10/2021

The Counter-Ransomware Initiative is aimed at improving law enforcement collaboration and stemming the illicit use of cryptocurrency.

Big Picture

Lack of Crypto Regulation Presents Financial Stability Risk: IMF

By Mark Johnston | 05/10/2021

The IMF says more coordination among national regulators is needed to ensure effective enforcement, reduce regulatory arbitrage, and enhance monitoring of the crypto ecosystem.

Crypto / Digital Assets

MAS Grants Two New Licences to Provide DPT Services

By Editors | 02/10/2021

DBS Vickers and Independent Reserve have received authorisation under the PSA to provide digital payment token services.

AML / KYC

Korean VASPs Barred From Trading Native Tokens

By Sanday Chongo Kabange | 29/09/2021

A new conflict of interest rule bars VASPs from trading native tokens and their staff from trading virtual assets on their own platforms.

AML / KYC

Hong Kong Sees Spike in Investment Scam Losses – Report

By Editors | 29/09/2021

Victims lost HKD 2.5 billion from investment scams between January and July, a 20-fold increase compared to the same period last year.

AML / KYC

Korea: 29 Crypto Exchanges Meet Registration Deadline

By Manesh Samtani | 26/09/2021

The applications will be processed within three months, following which approved exchanges will be subject to AML rules announced in March.