Crypto / Digital Assets

    AML / KYC

    Data Analytics Becoming Embedded at Singapore FIs

    By Manesh Samtani | 02/05/2021

    The increased use of data analytics and digital processes has led to increased AML/CFT effectiveness, according to Assistant Managing Director Ms Loo Siew Yee.

    AML / KYC

    FATF Publishes New Zealand Mutual Evaluation Report

    By Manesh Samtani | 30/04/2021

    Of the 40 recommendations, New Zealand is ‘Compliant’ on 8, ‘Largely Compliant’ on 20, and ‘Partially Compliant’ on 12.

    Crypto / Digital Assets

    CBIRC Warns of Crackdown on Illegal Fundraising Activities

    By Editors | 29/04/2021

    New regulations on the prevention and handling of illegal fundraising activities come into effect from 1 May.

    Crypto / Digital Assets

    Blockchain Groups Form New ASEAN Consortium to Drive Adoption

    By Editors | 27/04/2021

    Members include blockchain associations in Singapore, Indonesia, the Philippines, Malaysia, Thailand and Australia.

    Crypto / Digital Assets

    US House Passes Bill to Foster Innovation in Digital Assets

    By Editors | 25/04/2021

    The bill will require the SEC and CFTC to establish a digital asset working group to ensure collaboration between regulators and the private sector on digital assets.

    Crypto / Digital Assets

    UK Taskforce Publishes Digital Dispute Resolution Rules

    By Sanday Chongo Kabange | 25/04/2021

    The rules allow parties to digital transactions to quickly resolve disputes through arbitration, where decisions are implemented within smart contracts.

    AML / KYC

    Taiwan to Require Crypto Sector to Comply with AML Rules

    By Sanday Chongo Kabange | 21/04/2021

    Crypto exchanges and trading platforms will have to comply with AML requirements for conventional banks starting 1 July.

    Crypto / Digital Assets

    HM Treasury, BOE Form CBDC Taskforce to Explore ‘Britcoin’

    By Sanday Chongo Kabange | 21/04/2021

    The taskforce will coordinate work to explore a potential ‘Britcoin’, though a decision has not been made on whether a CBDC would be introduced.

    AML / KYC

    FSS Korea Mulls New Crypto Rules to Counter ‘Kimchi Premium’

    By Sanday Chongo Kabange | 20/04/2021

    The plan is a response to growing suspicions that investors are purchasing bitcoin from overseas exchanges with the intent of selling them in Korea at a premium.

    Crypto / Digital Assets

    Gary Gensler Sworn Into Office as New SEC Chair

    By Sanday Chongo Kabange | 18/04/2021

    Gary Gensler was sworn in as the new SEC chairman three days after the US Senate voted to approve his nomination.

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