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Custody & Infrastructure
BSP Updates VASP Rules to Align with FATF Requirements
By Editors | 28/01/2021
The updated rules also bring into scope virtual asset custodians, introducing a $1mn minimum capital requirement for such businesses.
Tokenisation
OECD Paper Identifies Regulatory Issues in Asset Tokenisation
By Editors | 27/01/2021
As markets for tokenised assets develop and grow in size, so too will the need to safeguard investors, consumers and financial stability.
Fraud, Scams & Cybercrime
Tokyo Police Arrest 31 Individuals Over 2018 Coincheck Heist
By Editors | 25/01/2021
The suspects were found to have traded stolen cryptocurrency on an underground exchange that emerged on the dark web following the Coincheck heist.
Anti-Money Laundering
Anti-Money Laundering a Priority for Incoming Treasury Secretary Yellen
By Manesh Samtani | 24/01/2021
Incoming Treasury Secretary Janet Yellen thanked Congress for passing the AMLA, widely considered to be the most significant overhaul of AML legislation in the US since 2001.
Cloud & Infrastructure
BIS Innovation Hub Sets Out 2021 Work Programme
By Manesh Samtani | 24/01/2021
Six thematic priorities have been set out: suptech and regtech; next-generation FMIs; CBDCs; open finance; green finance; and cyber security.
Tokenisation
SGX, Temasek Partner on Digital Asset Infrastructure in Capital Markets
By Editors | 23/01/2021
A new JV will use blockchain-based technologies to provide an issuance-to-settlement network for Asia bonds, funds and sustainable finance products.
Emerging Prudential Risks
FSB Publishes Work Programme for Year Ahead
By Editors | 20/01/2021
The work programme includes initiatives to strengthen NBFI resilience, enhance cross border payments, and address climate change, among other priorities.
Anti-Money Laundering
Japan Regulators Order Crypto Exchange to Improve AML Systems
By Editors | 02/01/2021
Avacus Co Ltd must build an AML/CTF risk management system that ensures transactions are confirmed and recorded at the time of transaction.
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.
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