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AML / KYC
The SFC Approach to Virtual Assets Prioritises Investor Protection
By Manesh Samtani | 28/02/2022
Since 2018, the steps taken by the SFC to regulate the virtual asset space have prioritised investor protection, first and foremost.
Fintech / Regtech
JPX Acquires Stake in Mitsui-Backed Crypto Exchange
By Editors | 28/02/2022
JPX says the investment will help it strengthen its relationship with the issuer of ZipangCoin, a new digital currency pegged to the price of gold.
AML / KYC
BitMEX Founders Agree Settlement for US AML Violations
By Editors | 28/02/2022
Arthur Hayes and Benjamin Delo have pleaded guilty to breaching AML laws and agreed to pay a USD 10 million fine each.
Securities / Derivatives
US Fed Approves New Trading Rules for Senior Officials
By Sanday Chongo Kabange | 27/02/2022
The rules aim to support public confidence in the impartiality and integrity of the FOMC’s work by guarding against “even the appearance of any conflict of interest”.
Fintech / Regtech
ICE Makes ‘Strategic Investment’ in Digital Securities Platform tZero
By Editors | 24/02/2022
tZERO operates a digital marketplace for unique private assets, public equities, cryptocurrencies, and other digital assets, including NFTs.
Crypto / Digital Assets
Russia Considers Framework for Regulating Cryptocurrencies
By Sanday Chongo Kabange | 24/02/2022
The draft proposes requirements for VASPs relating to corporate governance, tax reporting, data storage, internal controls, risk management, client identification/KYC and segregation of assets.
Fintech / Regtech
KB Asset Management Unveils Plans to Launch Crypto Funds
By Editors | 24/02/2022
KB Asset Management is working towards launching a crypto ETF, a crypto-themed equity fund, and potentially a hybrid fund that includes crypto exposure.
Fintech / Regtech
Korean Think Tank Classifies Some NFTs as Virtual Assets
By Editors | 23/02/2022
NFTs used in games and for payments can satisfy the definition of virtual assets and may be subject to AML obligations, the Korea Institute of Finance said.
Fintech / Regtech
Korea FSS Includes NFT, Metaverse Monitoring in Annual Work Plan
By Sanday Chongo Kabange | 20/02/2022
The FSS said it will strengthen its supervision of “new trading assets such as NFTs” and “prepare countermeasures” if necessary to protect consumers against damage.
Fintech / Regtech
US DOJ Appoints First Director of National Crypto Enforcement Team
By Editors | 20/02/2022
The FBI has meanwhile created a new “Virtual Asset Exploitation Unit”, which will provide analysis, support, training and new tools to stay ahead of future crypto-related threats.
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