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Crypto / Digital Assets
India Passes Legislation to Implement 30pc Crypto Tax
By Editors | 01/04/2022
Traders will not be able to offset losses against profits. A 1 percent tax will also be deducted at source for trading over INR 50,000 in a year.
Fintech / Regtech
APRA Sets Out Roadmap for Full Transition to APRA Connect
By Editors | 01/04/2022
APRA says it will receive all data collections through APRA Connect by 2027, and regulated entities should prepare by exploring automation opportunities.
AML / KYC
US DOJ Charges Two for NFT Fraud, Money Laundering
By Sanday Chongo Kabange | 01/04/2022
The two defendants promised benefits to NFTs buyers and then transferred the $1.1mn in crypto proceeds to various wallets under their control.
Fintech / Regtech
ISDA Publishes New Paper on Digital Regulatory Reporting
By Editors | 01/04/2022
DRR will allow for consistent rule interpretation, more streamlined and automated reporting, and fewer data quality issues, ISDA says.
Big Picture
FSB Publishes Work Programme for 2022
By Editors | 31/03/2022
Key focus areas include work to address Covid-19 scarring effects, enhance cross-border payments, and address financial risks from climate change.
Fintech / Regtech
BIS, MAS Launch Prototype Supervisory Analytics Platform
By Manesh Samtani | 31/03/2022
Project Ellipse can provide regulators with early warning indicators, analytics and prudential metrics to assist them in risk detection and banking supervision.
ESG / Sustainability
ADGM to Launch Regulated Carbon Exchange and Clearinghouse
By Darien Choong | 31/03/2022
ADGM will launch a carbon trading exchange and clearinghouse, offering trading in tokenised carbon credits, carbon credit futures and green energy contracts.
AML / KYC
Taiwan Central Bank Warns of Fraud Via Bitcoin ATMs
By Darien Choong | 31/03/2022
Bitcoin ATMs in Taiwan are being used to scam victims who attempt to transfer cash to specific accounts to purchase cryptoassets.
Fintech / Regtech
Vietnam to Develop Legal Framework for Virtual Assets
By Editors | 31/03/2022
Vietnam’s prime minister has asked government ministries and the central bank to develop a legal and regulatory framework for virtual assets and electronic money.
Fintech / Regtech
BSP Requires Banks to Implement Real Time Fraud Monitoring
By Sanday Chongo Kabange | 31/03/2022
Under new relations, Philippine banks and NBFIs are required to implement automated and real-time fraud monitoring and detection systems by end-December.
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