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Capital / Liquidity
BOT to Cap Bank Investment in Digital Asset Businesses
By Editors | 27/03/2022
Thai banks will be allowed to invest up to 3 percent of capital in digital asset businesses. Such investment must also be ring-fenced from core banking operations.
Fintech / Regtech
OECD Proposes Tax Reporting Framework for Crypto-assets
By Editors | 27/03/2022
The framework would require intermediaries to identify their customers and their tax jurisdictions, and then report their aggregate transaction values annually.
Fintech / Regtech
IOSCO Forms New Task Force Targeting DeFi Regulation
By Manesh Samtani | 26/03/2022
The task force, chaired by MAS assistant managing director Tuang Lee Lim, will help coordinate policy action to address the risks in DeFi.
AML / KYC
FSC Korea Starts Enforcing Travel Rule in Crypto Industry
By Editors | 24/03/2022
Starting today, VASPs can be subject to cautions, warnings or corrective orders if violations of travel rule requirements are found.
Crypto / Digital Assets
FSB Calls for Academic Papers Covering Crypto, DeFi Risks
By Editors | 24/03/2022
The FSB is inviting authours to submit papers analysing the structures and evolving linkages between crypto-asset markets for an upcoming plenary session.
Fintech / Regtech
Malaysian Minister Rules Out Possibility of Bitcoin as Legal Tender
By Editors | 24/03/2022
Malaysia’s deputy finance minister said cryptocurrencies are not suitable for use in payments. Earlier this week another minister called for the government to adopt crypto as legal tender.
Fintech / Regtech
ANZ Launches First Bank-issued AUD Stablecoin
By Manesh Samtani | 24/03/2022
The stablecoin is expected to help investors avoid the costs and exchange rate risk associated with converting AUD into USD to trade in crypto markets.
Fintech / Regtech
FCA, BOE Offer New Guidance on Addressing Crypto Risk
By Editors | 24/03/2022
Cryptoassets should be classified as an intangible asset for accounting purposes, meaning that in most cases direct holdings should be fully deducted from CET1.
Fintech / Regtech
Thailand Bans Use of Crypto as Means of Payments
By Editors | 24/03/2022
From 1 April, digital asset business operators are prohibited from enabling merchants to accept digital assets as a means of payment for goods or services.
Fintech / Regtech
Malaysia SC Registers Two IEO Platform Operators
By Editors | 24/03/2022
The Initial Exchange Offering platform operators are given nine months to comply with regulatory requirements before they can commence operations.
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