Cryptocurrency

Emerging Prudential Risks

FSB Chair Issues Letter to G20 Ahead of Osaka Summit

By Editors | 27/06/2019

The letter reports on the FSB’s work to monitor financial stability risks, reform implementation progress, and market fragmentation issues.

Anti-Money Laundering

FATF Adopts Global AML/CTF Standards for Crypto Activity

By Manesh Samtani | 24/06/2019

The FATF has established binding obligations for countries and virtual asset service providers to comply with AML/CTF standards to prevent the misuse of virtual assets.

Anti-Money Laundering

MAS Consults on AML/CFT Notices for Payment Services

By Manesh Samtani | 07/06/2019

The first Notice covers account issuance, money transfers and money changing services. The second Notice sets out a separate framework for digital payment tokens.

Cryptocurrency

FSB Issues Report to G20 on Crypto-Asset Regulation

By Manesh Samtani | 04/06/2019

Forward-looking risk assessments are needed in crypto-asset markets to identify trends that may give rise to financial stability and other risks and assess their potential significance early on.

Cryptocurrency

ASIC Updates Guidance for ICO, Crypto-Asset Issuers

By Editors | 02/06/2019

The guidance tells issuers how to determine whether an ICO or crypto-asset is considered a financial product, and which Australian laws would apply.

Cryptocurrency

IOSCO: Key Considerations for Regulating Crypto Trading Platforms

By Editors | 29/05/2019

The key considerations represent specific areas that IOSCO believes jurisdictions could consider in the context of the regulation of crypto-asset trading platforms.

Cryptocurrency

Australia Cracks Down on Cryptocurrency Tax Evasion

By Editors | 03/05/2019

The Australian Taxation Office is collecting data from cryptocurrency exchanges to feed into its data-matching technology to identify tax evaders.

Cryptocurrency

Japan FSA Raids Two Crypto Exchanges to Check Compliance

By Editors | 25/04/2019

The FSA reportedly wants to ensure appropriate measures have been implemented for customer protection and legal compliance after recent management changes.

Cryptocurrency

IMF, World Bank Launch Blockchain Knowledge Project

By Editors | 16/04/2019

The purpose of the project is to help the IMF and World Bank staff become more familiar with the principles behind DLT, as well as its challenges and real world applications.