Fintech / Regtech

AML / KYC

US SEC, DOJ File Fraud Charges Over $62mn Crypto Fraud

By Editors | 10/05/2022

MCC International Corp and its founders were charged for selling fraudulent investment plans that promised daily returns from crypto mining and robotic trading.

Fintech / Regtech

Thai SEC Prepares to Implement New Rules on Crypto-related Advertising

By Sanday Chongo Kabange | 10/05/2022

The SEC will extend the transitional period to allow crypto firms more time to ensure their advertising content aligns with the new rules.

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.