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Anti-Money Laundering
Crypto Industry Responds to FATF Red Flag Report
By Nathan Smale | 28/09/2020
New guidance from the FATF has been welcomed by the crypto industry, despite the compliance challenges it presents, writes Nathan Smale at Emfarsis.
CBDCs
HKMA Selects ConsenSys to Lead Next Phase of CBDC Project
By Editors | 28/09/2020
Project Inthanon-LionRock studied the application of a CBDC for cross-border payments. ConsenSys will lead implementation of the project’s next phase.
Cryptocurrency
EU Unveils Digital Finance Strategy, Crypto-asset Framework
By Manesh Samtani | 27/09/2020
The package consists of a digital finance strategy, a retail payments strategy, and legislative proposals for regulating the crypto-asset sector.
CBDCs
PBOC, JD.com Partner to Support Digital Currency Fintechs
By Sanday Chongo Kabange | 24/09/2020
The two entities will identify, explore and build fintechs that supports the DCEP on JD.com’s existing e-commerce platforms and services.
Cryptocurrency
EU Set to Unveil Regulatory Framework for Crypto-assets
By Sanday Chongo Kabange | 22/09/2020
A leaked set of proposals indicates the European Commission is looking to introduce an EU-wide digital finance framework to hep regulate crypto-asset activities.
Cryptocurrency
India Contemplates Law Banning Cryptocurrency Trading
By Sanday Chongo Kabange | 17/09/2020
The government will still encourage blockchain, and is exploring its use to manage land records, pharmaceutical supply chains and educational records.
Clearing & Post-Trade
BNP, Digital Asset to Develop DLT Connectivity to ASX, HKEX
By Editors | 15/09/2020
BNP Paribas Securities Services and Digital Asset have joined forces to design real-time trade and settlement apps using DAML smart contracts.
CBDCs
China to Develop More Cities as Global Fintech Hubs
By Editors | 15/09/2020
The other cities besides Beijing that China will develop as global fintech hubs include Shanghai, Shenzhen and Hangzhou, underpinned by regulations on fintech development.
Anti-Money Laundering
FATF Details Virtual Asset Red Flags for Detecting Criminal Activity
By Editors | 15/09/2020
This report will help VASPs, FIs, DNFBPs, and other reporting entities detect and report suspicious transactions, and national authorities detect criminal activity.
Structural Regulation
Changes to Hong Kong OFC Regime Take Effect Immediately
By Editors | 13/09/2020
Private OFCs are no longer subject to investment restrictions and securities brokers are now eligible to be OFC custodians, among other changes.
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