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Anti-Money Laundering
FATF Issues Final Updated Guidance on Virtual Assets, VASPs
By Manesh Samtani | 29/10/2021
The guidance offers clarification on the definition of VASPs, and explains how the FATF standards apply to stablecoins, P2P transactions, NFTs and DeFi.
Cryptocurrency
ASIC Issues Guidance on Crypto-asset Investment Products
By Editors | 29/10/2021
ASIC says it has introduced a new ‘crypto-asset’ category in the licensing application for responsible entities.
Cryptocurrency
India No Longer Likely to Ban Cryptocurrencies – Report
By Ranamita Chakraborty | 29/10/2021
Finance ministry officials have reportedly said that a law for cryptocurrencies could as soon as February 2022, around the time of India’s next general Budget.
Payments & Settlements
Singapore Sees Launch of DLT-based Payment Platform, Partior
By Editors | 27/10/2021
With its genesis in MAS’ Project Ubin, Partior was founded by DBS, JPMorgan and Temasek last year seeking to disrupt the traditional cross-border payments model.
CBDCs
Nigeria Launches Central Bank Digital Currency, eNaira
By Editors | 27/10/2021
The eNaira is expected to boost cross-border trade and financial inclusion, improve transaction efficiency, and make monetary policy more effective.
Sustainable Finance
BIS Innovation Hub Announces Winners of 2nd G20 TechSprint
By Editors | 25/10/2021
The BIS Innovation Hub Hong Kong centre will soon publish reports on work to explore green bond tokenisation and real-time tracking of environmental outputs.
Anti-Money Laundering
FATF Concludes Plenary, Finalises Work in Key Areas
By Manesh Samtani | 23/10/2021
The FATF will issue updated guidance for VASPs next week. A statement on Afghanistan was released. Beneficial ownership and cross-border payments also in focus.
PEPs & Sanctions
US Signals More Balanced Approach to Sanctions Policy
By Manesh Samtani | 23/10/2021
The US will move to a sanctions policy that is more clearly linked to policy objectives and reduces harm caused to individuals and businesses.
Cryptocurrency
Australia Senate Report Proposes New Crypto Licensing Regime
By Manesh Samtani | 21/10/2021
The committee recommends a new category of market licence be created for crypto exchanges and a new company structure for DeFi platforms.
Cryptocurrency
NYSE Launches First US ETF Linked to Bitcoin with SEC Approval
By Sanday Chongo Kabange | 21/10/2021
The ProShares bitcoin ETF had almost $1bn in turnover on the first trading day, after receiving a green light from the SEC last week.
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