Cryptocurrency

Cryptocurrency

SFC Considers Allowing Retail Access to Crypto, Starting with ETFs

By Manesh Samtani | 01/11/2022

ETFs with crypto exposure through CME-listed BTC and ETH futures can be distributed to Hong Kong retail clients. The “professional investor only” requirement is under review.

Cryptocurrency

Malaysia to Grant Licences to More ECF, P2P, Crypto Platforms

By Editors | 01/11/2022

A Digital Innovation Fund will also be established to co-fund innovative projects to digitalise the capital market and make it more competitive.

Cryptocurrency

Hong Kong FSTB Issues Policy Statement on Approach to Virtual Assets

By Manesh Samtani | 31/10/2022

The SFC will be consulting on how retail investors may be given a “suitable degree of access” to virtual assets under Hong Kong’s new licensing regime.

Custody & Infrastructure

SGX-owned MaxxTrader Partners with DBS on Digital Assets

By Editors | 30/10/2022

DBS said the partnership enables it to provide more dynamic pricing, financing, and risk solutions to investors, which contributes to Singapore’s growing influence as a global digital asset hub.

Cryptocurrency

UK Lawmakers to Extend FCA Remit to Cover All Crypto

By Editors | 30/10/2022

An amendment to the Financial Services and Markets Bill will empower the FCA to regulate crypto promotions and ban companies that are not authorised to operate in the UK.

Anti-Money Laundering

Korea to Increase Scrutiny of Money Laundering Risks via Crypto

By Editors | 27/10/2022

The FSC will increase scrutiny of crypto tokens listed by just a single VASP, stablecoin transaction volumes, and customers making large deposits.

Stablecoins

MAS Proposes New Rules for Crypto Firms, Stablecoin Issuers

By Manesh Samtani | 27/10/2022

Retail investors won’t be allowed leverage and will have to undergo a knowledge test. Stablecoin issuers will have strict rules on reserve assets and a S$1bn capital requirement.

Cryptocurrency

ASIC Files Suit Over Misleading Claims by Crypto Firm

By Editors | 26/10/2022

ASIC said BPS Financial engaged in unlicensed conduct and made false, misleading or deceptive representations about a crypto token called Qoin.

Cryptocurrency

Five Key Points From the FSB’s Review Of Crypto Assets

By John Ho | 25/10/2022

John Ho and Arushi Goel outline five key takeaways from the FSB’s proposals for regulating crypto assets and so-called global stablecoins.