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Crypto / Digital Assets
Ripple Files Response to US SEC Defending XRP as Virtual Currency
By Editors | 31/01/2021
The response notes that the DOJ, FinCEN and regulators in the UK, Singapore and Japan have all concluded that XRP is a virtual currency not subject to securities regulation.
Big Picture
More Central Banks Advancing CBDC Work: BIS Report
By Manesh Samtani | 29/01/2021
CBDCs need to be linked to a digital identity in order to be useful in achieving financial inclusion, said BIS general manager Agustín Carstens.
Fintech / Regtech
ASIC Sheds Light on Regtech Initiatives in New Report
By Manesh Samtani | 28/01/2021
The report highlighted the importance of good data governance, skilled data-literate staff, and human review and input when implementing regtech applications.
Big Picture
BigTechs in Finance Needs More Comprehensive Regulatory Approach
By Manesh Samtani | 28/01/2021
Rules for designating financial institutions as systemically important should be redefined so they can be applied to BigTech entities, says Agustín Carstens.
AML / KYC
BSP Updates VASP Rules to Align with FATF Requirements
By Editors | 28/01/2021
The updated rules also bring into scope virtual asset custodians, introducing a $1mn minimum capital requirement for such businesses.
Fintech / Regtech
PBOC Tightens Rules on Managing Customer Funds for Payment Firms
By Editors | 27/01/2021
Customer reserve funds must be deposited either at the PBOC or with an eligible commercial bank, and transferred only through a clearing institution.
AML / KYC
Fighting TBML to Sustain a Post-pandemic Recovery in APAC
By Claus Christensen | 27/01/2021
As we inaugurate the next phase of international trade, the FATF is pushing trade-based money laundering to the top of the international community’s agenda, says Claus Christensen at Know Your Customer.
Crypto / Digital Assets
OECD Paper Identifies Regulatory Issues in Asset Tokenisation
By Editors | 27/01/2021
As markets for tokenised assets develop and grow in size, so too will the need to safeguard investors, consumers and financial stability.
Fintech / Regtech
JPX to Launch Learning Environment for Data-Driven Trading
By Editors | 26/01/2021
The new project, known as J-Quants, will seek to help individuals learn about data-driven portfolio analysis and investment methods.
Crypto / Digital Assets
Tokyo Police Arrest 31 Individuals Over 2018 Coincheck Heist
By Editors | 25/01/2021
The suspects were found to have traded stolen cryptocurrency on an underground exchange that emerged on the dark web following the Coincheck heist.
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