Fintech / Regtech

Big Picture

Data Governance Systems Need Better Consent Mechanisms: BIS

By Manesh Samtani | 06/05/2022

Personal data is being aggregated and exploited, without the resulting benefits being passed on to consumers and businesses generating the data.

AML / KYC

Central African Republic Adopts Bitcoin as Legal Tender

By Editors | 06/05/2022

The adoption of Bitcoin as legal tender is expected to make transactions in CAR easier, but the move is seen as part of a power struggle between Russia and France.

Fintech / Regtech

J5 Publishes Red Flag Indicators to Address NFT Risks

By Editors | 05/05/2022

Tax enforcement agencies provide a list of account and transaction attributes from NFT marketplaces that may indicate fraud or other illicit activity.

AML / KYC

NYDFS Issues Guidance Recommending Use of Blockchain Analytics

By Editors | 05/05/2022

The guidance emphasises the importance of blockchain analytics in conducting due diligence, transaction monitoring and sanctions screening.

Enforcement

Technology and Regulations Clash: Apple Vs EU Antitrust Law

By Peter Guy | 05/05/2022

European Commission has not shown cause for anti-trust allegations as consumers strongly support Apple payment technology, writes Peter Guy.

Enforcement

US SEC Expands Enforcement Unit Dedicated to Crypto, Cyber

By Editors | 05/05/2022

The additional resources will be used to prioritise investigations related to crypto asset offerings, exchanges, lending and staking products, as well as DeFi platforms, NFTs and stablecoins.

Fintech / Regtech

FSC Korea Issues New Rules for Fractional Investing Services

By Editors | 05/05/2022

The FSC will classify fractional investment products as securities on a case-by-case basis and require issuing firms to adopt investor protection measures.

Fintech / Regtech

S. Korea Set to Delay Capital Gains Tax for Crypto

By Editors | 04/05/2022

President-elect Yoon Seok-yeol is planning to defer the tax to 2025 to allow time for the enactment of a new set of regulations designed to protect consumers.

Securities / Derivatives

AIMA Publishes Institutional Investor Guide on Digital Asset Custody

By Editors | 04/05/2022

The guide was produced with contributions from Anchorage Digital, Barclays Investment Bank, Capco, Coinbase, Copper, Digivault, and Fidelity Digital Assets, among others.