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Crypto / Digital Assets
Australian Regulators Progressing Work on Stablecoins, CBDC
By Manesh Samtani | 09/12/2022
The CFR is trying to incorporate payment stablecoins into the proposed framework for SVFs. Meanwhile RBA assistant governor warns that CBDC could threaten financial stability.
Crypto / Digital Assets
Europol Issues Recommendations on Crypto-related Money Laundering
By Sanday Chongo Kabange | 08/12/2022
Europol recommends close cooperation between enforcement bodies and crypto providers to curb associated crime and money laundering.
AML / KYC
Hong Kong Legislative Council Passes AML/CTF Amendment Bill
By Manesh Samtani | 08/12/2022
New licensing regime for VASPs will start on 1 June 2023. New registration regime for precious metals dealers will start on 1 April 2023.
Crypto / Digital Assets
NYDFS Sets Out Proposals to Charge Crypto Firms for Supervision
By Editors | 08/12/2022
The 22 crypto companies with a New York BitLicense will be subject to assessments to determine supervisory and examination costs.
Crypto / Digital Assets
Taiwan Regulators to Expand Scope of Crypto Regulation
By Editors | 08/12/2022
In response to the FTX collapse, Taiwan’s FSC plans to introduce regulations requiring local crypto exchanges to segregate their customers’ assets.
AML / KYC
Korea FSS Directs Shinhan Bank to Bolster Crypto AML Systems
By Editors | 08/12/2022
The recommendations follow bank inspections that were launched in response to suspicious FX transactions used by customers to exploit the so-called “kimchi premium”.
Crypto / Digital Assets
Three Firms Apply to Launch Crypto ETFs in Hong Kong
By Editors | 07/12/2022
Three fund managers have submitted applications to the SFC seeking approval to list ETFs in Hong Kong that invest in bitcoin and ether futures.
AML / KYC
Japan Lawmakers Approve Revisions to Anti Financial Crime Laws
By Editors | 07/12/2022
The revisions will allow Japanese authorities to criminally punish crypto firms that do not comply with the Travel Rule.
Crypto / Digital Assets
SEC Thailand to Tighten Conflict Management Rules for ICO Portals
By Editors | 06/12/2022
Under the revised rules, ICO portals will also be allowed to outsource certain tasks to service providers, as long as they are not ‘core’ services.
Crypto / Digital Assets
HashKey, SEBA Form Partnership to Drive Digital Assets Adoption
By Editors | 06/12/2022
The groups will collaborate to accelerate the institutional adoption of digital assets in Hong Kong and Switzerland.
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