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AML / KYC
Darkweb Blockchain Analytics Tool Gets Shut Down
By Ranamita Chakraborty | 19/08/2021
A service that was being used by criminals to check whether their own bitcoin wallets were linked to criminal activity has been shut down.
Fintech / Regtech
Depositories to Develop Platform for Monitoring Security Creation: SEBI
By Editors | 18/08/2021
SEBI is asking issuers, debenture trustees, and credit rating agencies to carry out necessary changes to ensure readiness to use the new DLT-based platform.
Fintech / Regtech
Thailand, Indonesia Pilot Cross-border QR Payment Link
By Manesh Samtani | 17/08/2021
The full commercial launch will take place in Q1 2022. Indonesia has separately also launched a national open API payment standard.
Fintech / Regtech
FSC Korea to Establish Virtual Asset Division Within KoFIU
By Sanday Chongo Kabange | 17/08/2021
The new division will oversee the adoption and implementation of the FATF recommendations on digital assets and VASPs.
Big Picture
OECD Offers Policy Advice for Regulating AI in Financial Services
By Manesh Samtani | 17/08/2021
Among the recommendations are the introduction of suitability requirements for AI-driven financial services, and add-on capital buffers based on AI algorithms.
Crypto / Digital Assets
Poly Network Hackers Return Almost All of Stolen Funds
By Sanday Chongo Kabange | 13/08/2021
Hackers have returned nearly all of the USD 613 million worth of digital tokens stolen on Tuesday, says Poly Network.
Fintech / Regtech
Cambodia, Maybank Launch Cross-border Remittances Using ‘Bakong’
By Pongnut Thanaboonchai | 12/08/2021
Maybank customers in Malaysia can use the bank’s e-wallet to transfer funds to recipients in Cambodia with Bakong e-wallets.
Fintech / Regtech
DBS Vickers Receives ‘In-principle Approval’ to Provide DPT Services
By Editors | 12/08/2021
DBS Vickers is working through the necessary follow-ups with a view to meeting MAS’ requirements for a digital payment token services licence.
AML / KYC
HKMA Issues “Mandate” for Innovation in AML/CFT
By Manesh Samtani | 12/08/2021
The HKMA will launch interactive lab sessions to experiment with new technologies and emerging data analytics techniques, with an initial focus on network analytics and NLP.
AML / KYC
DeFi Accounts for Majority of Crypto Hacks, Frauds in 2021
By Sanday Chongo Kabange | 11/08/2021
In H1 2021, DeFi accounted for 76% of major crypto hack volume and 54% of major crypto fraud volume, according to CipherTrace.
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