Digital Assets

Anti-Money Laundering

Singapore to Monitor Money Laundering Risks from Crypto Exchange Applicants

By Nithya Subramanian | 06/11/2023

The regulator will reject applicants who fail to meet the required standards for ML/TF and technology risks.

PEPs & Sanctions

US Sanctions Russian National for Laundering Funds for Wealthy Clients

By Editors | 05/11/2023

Ekaterina Zhdanova allegedly helped wealthy clients evade sanctions and move money internationally using crypto and other channels.

Stablecoins

CPMI Assesses Benefits of Stablecoins in Cross-border Payments

By Manesh Samtani | 05/11/2023

CPMI says stablecoins would not necessarily have a positive impact on cross-border payments even if they were properly designed and regulated.

Cryptocurrency

FCA Finalises Guidance on Cryptoasset Financial Promotions

By Editors | 05/11/2023

Crypto promotions should apply the Consumer Duty; finfluencers should disclose commercial relationships; regulated status should not be used in a promotional way.

Tokenisation

SFC Issues Rules for Tokenised Securities and Investment Products

By Manesh Samtani | 03/11/2023

Tokenised securities have to meet the same requirements as traditional securities. Primary dealing of tokenised investment products will be allowed.

Tokenisation

Tokenisation Steers Paradigm Shift in Finance: BIS Innovation Hub

By Georgina Lee | 03/11/2023

The next paradigm shift for financial assets is tokenisation, BIS Innovation Hub head Cecilia Skingsley said at Hong Kong Fintech Week.

Tokenisation

HSBC Tokenises Ownership of Physical Gold

By Editors | 03/11/2023

HSBC has developed the capability to create a ‘digital twin’ of physical gold that is custodied in its London vault.

Payments & Settlements

HKMA Collaborating with BOT, PBOC on Payments Initiatives

By Georgina Lee | 02/11/2023

Hong Kong will link FPS with PromptPay and connect the city’s payment infrastructure to e-CNY, officials said a Hong Kong Fintech Week.

Anti-Money Laundering

Taiwan Arrests Suspects in Record Crypto Laundering Case

By Mark Johnston | 02/11/2023

A fake securities trading app was used to launder over USD 320 million via crypto in the largest case of its kind in Taiwan.