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Stablecoins
US Regulators Call for Responsible Stablecoin Design, Operation
By Editors | 31/12/2020
Stablecoin participants and arrangements should register with FinCEN and comply with AML, sanctions, recordkeeping and reporting requirements.
Cryptocurrency
IOSCO Offers Guidance on Educating Investors on Crypto Asset Risk
By Editors | 29/12/2020
The report identifies the possible risks to retail investors in crypto-assets and describes how regulators can help inform them about these risks.
Anti-Money Laundering
UPDATED – FinCEN Proposes Reporting, Recordkeeping Rules for Crypto
By Editors | 23/12/2020
Under the proposed rule, FIs will have to keep records of customers’ crypto transactions and counterparties, and whether they are using unhosted wallets.
Structural Regulation
CSRC Grants Deutsche Bank Fund Custody Licence in China
By Editors | 22/12/2020
Deutsche Bank has become the second foreign bank to be granted a domestic fund custody licence in China, just months after rules were finalised for granting such approvals.
Cryptocurrency
UPDATED: US SEC Files Lawsuit Against Ripple, Top Execs
By Editors | 22/12/2020
The lawsuit will allege that Ripple, its CEO and its Co-founder sold unlicensed securities that should be registered with the SEC.
Cryptocurrency
SFC Issues First Licence to Digital Asset Trading Platform
By Editors | 16/12/2020
The licences permit OSL Digital Securities to operate regulated brokerage and automated trading services for digital assets.
KYC & CDD
Hong Kong Set to Tighten Rules for Digital Wallets July 2021
By Editors | 15/12/2020
Non-real-name account holders will not be able to transfer money to other banks or e-wallets, or make cross-border remittances.
Custody & Infrastructure
Onchain Custodian Recognised for ‘True Compliance Mindset’
By Editors | 15/12/2020
Onchain Custodian provides enterprise grade custody services for the cryptoasset sector, offering investors certainty that their digital assets are held securely.
Anti-Money Laundering
Elliptic Wins RegTech Award for Blockchain Analytics Solution
By Editors | 15/12/2020
Elliptic provides a blockchain analytics solution with tracing and risk scoring capabilities that address AML/CFT compliance in the cryptoasset sector.
Anti-Money Laundering
Cylynx Named ‘One to Watch’ in Blockchain Transaction Monitoring
By Editors | 15/12/2020
Cylynx provides an AI-based automated blockchain monitoring platform that helps cryptocurrency exchanges comply with incoming AML/CTF requirements.
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