Digital Assets

Cryptocurrency

OJK Indonesia Bars FIs From Facilitating Crypto Trading

By Editors | 28/01/2022

OJK warns of market fluctuations and other risks, including the existence of crypto investment Ponzi schemes.

Anti-Money Laundering

Taiwan FSC Identifies Crypto ATMs Breaching AML Rules

By Editors | 28/01/2022

Of 16 companies that have reported their AML compliance to the FSC, 13 will be required to make corrections.

Tokenisation

Will 2022 Be the Year of NFT Regulation?

By Javier Tamashiro | 27/01/2022

The jury is still out on how the NFT arena will be regulated, but marketplaces should still be applying a baseline standard of compliance practice, says Javier Tamashiro.

Fraud, Scams & Cybercrime

Faster Transactions Impeding Scam Loss Recoveries: HK Police

By Sanday Chongo Kabange | 27/01/2022

Online banking, electronic payment services and cryptocurrency wallets have made it more difficult to recover scam proceeds.

CBDCs

Bank of Korea to Advance CBDC Testing to Second Phase

By Editors | 26/01/2022

In phase two, BOK will test offline payments, remittances to accounts outside Korea, and the use of its CBDC as payment for NFTs.

Cryptocurrency

Thailand to Prohibit Use of Digital Assets in Payments

By Manesh Samtani | 26/01/2022

The SEC is consulting on draft rules that will prohibit digital asset businesses from enabling merchants to accept crypto as payment for goods and services.

CBDCs

BIS Innovation Hub to Expand Work Programme in 2022

By Editors | 25/01/2022

The BIS Innovation Hub will launch new projects into CBDCs, payments systems, DeFi, green finance, regtech, suptech and cybersecurity.

Cryptocurrency

Russian Central Bank Proposes to Impose Crypto Ban

By Mark Johnston | 25/01/2022

A proposed ban against investing in cryptocurrencies would also apply to institutional investors and mutual funds, the central bank says.

Tokenisation

Taiwan FSC Relaxes Rules on Fundraising Through STOs

By Darien Choong | 25/01/2022

The single platform fundraising cap is increasing to TWD 200 million, and overseas Chinese and foreigners will be allowed to invest in STOs.