Digital Assets

Sustainable Finance

Singapore’s CTX to Debut Cross-border Trading of China Carbon Credits

By Sanday Chongo Kabange | 27/07/2021

Cyberdyne Tech Exchange said its carbon neutrality tokens, or CNTs, would pave the way for carbon credits to be transferred across international borders.

Cryptocurrency

Singapore: “Several” DPT Licences in Final Stages of Review

By Editors | 27/07/2021

Of around 170 digital payment token service providers who applied for a licence, 30 applications have been withdrawn after engagement with MAS and two have been rejected.

CBDCs

RBI Working Towards Phased Implementation of CBDC

By Sanday Chongo Kabange | 25/07/2021

Like other central banks, the RBI has been exploring a CBDC and is now examining use cases which could be implemented with little or no disruption.

Anti-Money Laundering

KoFIU Notifies Foreign VASPs of Their Obligation to Register

By Manesh Samtani | 23/07/2021

Foreign VASPs that continue to target Korean customers after 24 September without registering with KoFIU will be subject to penalties in Korea.

Anti-Money Laundering

European Commission Presents Package of AML/CFT Reforms

By Editors | 23/07/2021

A new EU-level AML authority will coordinate national authorities to ensure the private sector correctly and consistently applies EU rules.

Cryptocurrency

Japan FSA Launches New Section to Oversee Crypto Regulation

By Sanday Chongo Kabange | 19/07/2021

The FSA has reportedly created a new position to head the section, which will also oversee decentralised finance and deepen dialogue with foreign regulators.

Anti-Money Laundering

HK Customs Arrests Four for Laundering Funds Using Tether

By Sanday Chongo Kabange | 19/07/2021

The four are part of a syndicate that charged criminal clients a commission of 3-5% to launder illicit proceeds from crime.

Cryptocurrency

BOT Warns Against Using Crypto As Means of Payment

By Sanday Chongo Kabange | 18/07/2021

If the use of digital assets as a means of payment for goods and services become widespread, the BOT will take action in coordination with the SEC.

Tokenisation

SFC Issues Warning on Unregulated Virtual Asset Platforms

By Editors | 18/07/2021

Soon after the SFC’s statement, Binance announced that stock tokens will no longer be available for purchase on its website.