Digital Assets

Cryptocurrency

IMF Calls on FSB to Create Global Regulatory Framework for Crypto

By Manesh Samtani | 10/12/2021

The IMF proposes three elements that should be included in the framework, which is urgently needed to manage financial stability and market conduct risks.

Stablecoins

Japan FSA Seeks to Introduce Restrictions on Stablecoin Issuance

By Sanday Chongo Kabange | 09/12/2021

The FSA reportedly seeks to propose legislation to only allow banks and wire transfer companies to issue stablecoins, and to regulate wallet providers.

CBDCs

BIS Concludes wCBDC Experiment with French, Swiss Central Banks

By Editors | 08/12/2021

Under Project Jura, tokenised assets and foreign exchange transactions were settled safely and efficiently using PvP and DvP mechanisms, the BIS said.

Anti-Money Laundering

NZ FMA Risk Assessment Finds VASPs Sector ‘High Risk’

By Sanday Chongo Kabange | 07/12/2021

The FMA’s sector risk assessment for 2021 says VASPs, derivatives issuers and online investment platforms could be targeted by money launderers.

DeFi & Web3

DeFi Governance Structures Provide Entry Points for Regulators: BIS

By Manesh Samtani | 07/12/2021

DeFi’s inherent governance structures would provide “natural entry points” for authorities to address issues related to financial stability, investor protection and illicit activities.

DeFi & Web3

Mapping Out How Decentralised Exchanges Can be Regulated

By Kristi Swartz | 07/12/2021

An appropriate regulatory regime that safeguards investors and fosters innovation will allow society to benefit from DEXs and DeFi generally, says DLA Piper’s Kristi Swartz.

Custody & Infrastructure

Thai SEC to Require Crypto Wallet Providers to be Licensed

By Editors | 06/12/2021

Custody and wallet providers required to obtain information identifying the account owners of wallets. New guidelines coming on the use of crypto in payments.

Anti-Money Laundering

BNM Unveils Initial Findings of Malaysia National Risk Assessment

By Mark Johnston | 05/12/2021

BNM is using technology to improve its risk-based supervision, intelligence analysis, data science techniques and off-site surveillance.

Payments & Settlements

RBNZ Proposes Policy Options to Preserve Cash System

By Sanday Chongo Kabange | 02/12/2021

The increasing appeal of non-cash and online payment options and the reducing number of bank branches and ATMs could present resilience issues for the cash system.