Crypto / Digital Assets

AML / KYC

FATF Highlights Digital Identity, Virtual Assets as Key Priority Areas

By Manesh Samtani | 24/02/2020

At its Plenary, the FATF highlighted the use of digital identity systems, the new standards for virtual assets, and efforts to tackle illegal wildlife trade as some of its key initiatives.

AML / KYC

FATF Commends Korea, Warns Pakistan, Blacklists Iran

By Manesh Samtani | 24/02/2020

Korea has a sound legal and institutional framework. Pakistan is asked to complete its action plan. Countermeasures against Iran are reinstated.

Fintech / Regtech

AUSTRAC, Home Affairs Dept Highlight Benefits of Blockchain

By Editors | 18/02/2020

The Department of Home Affairs and AUSTRAC say blockchain has the potential to significantly reduce compliance costs and the regulatory burden imposed on reporting entities.

Crypto / Digital Assets

IOSCO Offers Guidance on Regulating Crypto-asset Trading Platforms

By Editors | 14/02/2020

The report provides a toolkit of possible measures for key considerations relevant to authorities for regulating crypto-asset trading platforms.

Crypto / Digital Assets

IOSCO Highlights Debt Market Concerns in Annual Work Programme

By Editors | 31/01/2020

The 2020 work programme provides an update on five existing priorities and an overview of planned work on a new priority – corporate debt and leveraged loans.

AML / KYC

Singapore’s Payment Services Act Comes Into Force

By Manesh Samtani | 28/01/2020

The PS Act gives MAS formal supervisory powers over technology, cybersecurity and AML/CFT controls at payment services firms, including cryptocurrency and e-wallet companies.

Fintech / Regtech

What FATF Recommendation 16 Means for the Crypto Industry

By Michael Ou | 22/01/2020

Implementing strict KYC processes to comply with the ‘travel rule’ may be costly, but it is a necessary sacrifice to build a stronger industry in the long-run, says Michael Ou at CoolBitX.

Crypto / Digital Assets

Malaysia Issues New Guidelines on Digital Assets

By Editors | 16/01/2020

The guidelines require platform operators to carry out due diligence on prospective issuers of digital tokens, and issuers to satisfy governance and capital requirements.

Crypto / Digital Assets

Japan FSA to Limit Crypto Leverage to 2x Deposits – Report

By Editors | 15/01/2020

The rule will be stricter than the 4x leverage limit imposed by the Japan Virtual Currency Exchange Association, the industry’s self-regulatory organisation.