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Cryptocurrency
MAS Grants DPT Licences to Sparrow, Digital Treasures Center
By Manesh Samtani | 02/08/2022
Sparrow and DTC were granted in-principle approval earlier this year. MAS will be consulting on proposed measures to enhance its regulatory framework in the next few months.
Payments & Settlements
CPMI Explores Options, New Solutions to Increase PvP Adoption
By Editors | 02/08/2022
CPMI received “numerous promising proposals” for new solutions that may be capable of processing FX transactions that currently settle on a non-PvP basis.
Cryptocurrency
UK Law Commission Proposes Reforms to Accommodate Crypto
By Editors | 01/08/2022
New consultation paper proposes explicit recognition of digital assets under law as a distinct category of personal property, provisionally called ‘data objects’.
Trading & Investment
Taiwan FSC Allows Banks to Offer ‘One-Stop’ Investment Services
By Editors | 28/07/2022
Under new rules, bank customers will have the option to direct their bank to dispose of foreign securities obtained through the conversion of structured products.
Cryptocurrency
Taiwan Prohibits Credit Card Usage for Crypto Transactions
By Darien Choong | 28/07/2022
Credit card companies that process payments for transactions involving virtual assets will have three months to stop.
Cryptocurrency
CFTC, SEC Preparing to Tackle More Crypto-related Risks
By Manesh Samtani | 27/07/2022
The CFTC has a new innovation office and is realigning its customer education office. The SEC has appointed 20 new specialists to its crypto unit and wants a bigger budget.
Anti-Money Laundering
UK: Most Crypto Firms Simply Withdrew Their FCA Applications
By Mark Johnston | 26/07/2022
The FCA approved 35 crypto firms out of 273 that applied for registration with the FCA under AML regulations.
KYC & CDD
Panel 4: Follow the Crypto: Overcoming SoW/SoF Challenges with Digital Assets
By Editors | 26/07/2022
This panel explores how financial institutions maintain high standards for SoW/SoF checks while still meeting the needs of digitally enabled consumers.
Fraud, Scams & Cybercrime
Panel 5: Broken Promises: A Deep Dive into Crypto’s Fraud Problem
By Editors | 26/07/2022
This panel explores how bad actors are exploiting the crypto ecosystem, and how supervisors, law enforcement, and the industry is combatting these activities.
Anti-Money Laundering
Panel 6: New Payment Methods and Digitally Enabled Money Laundering
By Editors | 26/07/2022
This panel discusses the ways emerging payment mechanisms can be used for illicit purposes, and how regulators, law enforcement and financial institutions are responding.
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