ADVERTISEMENT
Structural Regulation
ESMA Issues Guidelines for Operators of DLT Market Infrastructure
By Editors | 22/12/2022
The guidelines include templates firms can use to apply for permission to operate DLT market infrastructure under the EU’s DLT Pilot Regulation.
Emerging Prudential Risks
HKMA Intends to Implement BCBS Cryptoasset Standards
By Editors | 22/12/2022
The HKMA plans to implement the Basel standards on the treatment of cryptoasset exposures locally by 1 January 2025, in accordance with the BCBS timetable.
Cryptocurrency
Audit Firms Are Exiting Relationships with Crypto Clients
By Mark Johnston | 21/12/2022
Mazars and Armanino have stopped serving clients in the crypto sector. BDO is reconsidering its approach to the sector.
Cryptocurrency
FTX Seeks Court Authorisation to Sell Four Businesses
By Editors | 21/12/2022
Embed, LedgerX, FTX Japan and FTX Europe have maintained segregated customer accounts and have solvent balance sheets.
Stablecoins
ASIC Files Suit Against Finder Wallet Over Crypto-related Product
By Sanday Chongo Kabange | 20/12/2022
Finder Wallet offered a crypto-related product that paid customers a return for use of their funds, like a debenture, ASIC says.
Cryptocurrency
Indonesian Lawmakers Pass Major Financial Sector Reforms
By Editors | 20/12/2022
The legislation changes the central bank’s mandate, shifts crypto sector oversight to OJK, makes a digital rupiah legal tender, and introduces a carbon trading framework.
Tokenisation
CGS-CIMB Becomes First Brokerage to Establish Link to ADDX
By Editors | 20/12/2022
CGS-CIMB is providing accredited investor clients access to tokenised and fractionalised private market securities via ADDX.
Anti-Money Laundering
IDAXA to Develop Global AML Standards for Crypto Industry
By Editors | 20/12/2022
IDAXA has launched a new working group, chaired by former policymaker Andrew Churchill, to propose globally harmonised AML/CFT standards for virtual asset service providers and regulators.
Cryptocurrency
NYDFS Issues Guidance on Crypto-Related Activities for Banks
By Sanday Chongo Kabange | 19/12/2022
New York regulated banks, as well as branches and agencies of foreign banks licensed by the NYDFS, need prior approval to engage in virtual currency-related activities.
Anti-Money Laundering
US Lawmakers Introduce AML/CFT Bill for Crypto Firms
By Mark Johnston | 19/12/2022
The bill would categorise all crypto firms as money transfer businesses, requiring them to implement AML programmes and prohibiting the use of crypto mixers.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.