Digital Assets

Anti-Money Laundering

EBA Consults on Travel Rule Guidelines for Funds and Crypto Transfers

By Mark Johnston | 27/11/2023

The EBA plans new guidelines to prevent the misuse of funds and crypto-assets transfers for illicit purposes, aligning with FATF standards.

Fraud, Scams & Cybercrime

Montenegro Court Approves Extradition of Terra Founder

By Mark Johnston | 27/11/2023

The court said both South Korea and the US have met Montenegro’s legal requirements for Do Kwon’s extradition.

Tokenisation

UK Funds Can Start Tokenising Funds, FCA Confirms

By Mark Johnston | 25/11/2023

In this initial stage, FCA authorised funds can implement tokenisation using a “baseline approach”, provided they meet certain characteristics.

Cryptocurrency

MAS to Phase in New Crypto Rules Starting Mid-2024

By Editors | 23/11/2023

The rules cover business conduct, technology risks, and consumer access. Crypto assets can be counted towards accredited investor net worth calculations.

Conduct, Culture & Accountability

ASIC Announces Enforcement Priorities for 2024

By Editors | 23/11/2023

ASIC added new priorities targeting super funds and market integrity, and emphases a continued focus on greenwashing.

CBDCs

Korea Reveals New Details on CBDC Pilot Programme

By Editors | 23/11/2023

The plans were announced during a visit to Korea by Agustin Carstens, general manager of the BIS, which is providing technical support for Korea’s CBDC testing.

Anti-Money Laundering

Basel Institute on Governance “Cautiously Optimistic” Regarding Crypto Risks

By Mark Johnston | 23/11/2023

Criminal funds flowing through blockchains are “decreasing constantly” as a proportion of total value. Regulations in the world’s financial centres are becoming stronger.

Cryptocurrency

Canada Starts Consultations on Crypto Asset Disclosure by Banks

By Mark Johnston | 23/11/2023

Canada’s banking regulator is seeking feedback on proposals to align with the BCBS framework for crypto asset disclosures.

Stablecoins

New Zealand Crypto Firm Launches NZD Stablecoin

By Editors | 23/11/2023

Easy Crypto and Labrys said the NZDD will be backed 1:1 with cash in trust and regulated by the FMA.