Fintech / Regtech

    Fintech / Regtech

    90pc of Central Banks Are Exploring a CBDC, BIS Finds

    By Editors | 10/05/2022

    More than a third of central banks will soon have legal authority to issue a CBDC. More than two thirds are likely to launch a retail CBDC in the short or medium term.

    Fintech / Regtech

    MAS Grants Fifth DPT Licence Under PSA to Coinhako

    By Editors | 10/05/2022

    Coinhako is the fifth firm to receive a full DPT licence under the PSA, after TripleA, FOMO Pay, DBS Vickers and Independent Reserve.

    Fintech / Regtech

    Shanghai Court Says Bitcoin is Protected by Law as ‘Virtual Property’

    By Darien Choong | 10/05/2022

    Shanghai’s High Court said property rights protections apply to Bitcoin because it has a certain economic value and has the attributes of property.

    Big Picture

    QR Code Payments Promote Credit Access for SMEs: BIS

    By Sanday Chongo Kabange | 09/05/2022

    QR payments allow the creation of a digital payment footprint that enables small firms to access credit from both big tech firms as well as banks.

    AML / KYC

    OFAC Sanctions Crypto Mixer, 49 More Wallet Addresses

    By Editors | 09/05/2022

    Crypto mixer Blender.io was used to process over $20.5mn of the crypto stolen from the Axie Infinity hack in March, OFAC said.

    AML / KYC

    US Court Orders BitMEX Co-Founders to Pay $30m in Fines

    By Editors | 08/05/2022

    The orders follow the CFTC’s $100mn settlement with five BitMEX entities last year over violations of US derivatives and AML regulations.

    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.

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