Digital Assets

DeFi & Web3

Japan FSA Launches Global Blockchain Governance Initiative

By Editors | 11/03/2020

The initiative is in line with a G20 Osaka commitment to promote engagement between regulators and stakeholders on decentralised financial technologies.

Cryptocurrency

S. Korea Passes New Regulatory Framework for Crypto Sector

By Editors | 11/03/2020

The ‘Special Financial Information Law’ authorises Korean financial regulators to oversee the crypto industry and develop AML rules in line with the FATF recommendations.

Cryptocurrency

Supreme Court Overturns RBI Circular Barring Banks from Crypto Dealings

By Editors | 04/03/2020

The ruling is hailed as a big win for the crypto sector. But, the government  has yet to act on an interministerial committee’s recommendations to ban all private cryptocurrencies.

Payments & Settlements

Cross-border Payments Front and Center in BIS Quarterly Review

By Editors | 02/03/2020

The BIS is exploring how to solve key shortcomings related to access and cross-border payments, including to address the global decline in correspondent banking.

Structural Regulation

SFC Highlights Key Regulatory Initiatives in Quarterly Report

By Editors | 25/02/2020

Among the initiatives were the launch of the new OFC regime for private fund managers, a regulatory framework for virtual assets, and enhancements to the investor compensation regime.

KYC & CDD

FATF Highlights Digital Identity, Virtual Assets as Key Priority Areas

By Manesh Samtani | 24/02/2020

At its Plenary, the FATF highlighted the use of digital identity systems, the new standards for virtual assets, and efforts to tackle illegal wildlife trade as some of its key initiatives.

Cybersecurity

FSB Chair Sets Out Focus for Saudi G20 Presidency

By Editors | 21/02/2020

The focus areas include LIBOR transition, BigTechs in financial services, and the development of a cyber risk effective practices tookit.

Tokenisation

Bank of Korea Experiments with Blockchain for Bond Settlement

By Editors | 21/02/2020

Under the proof of concept system now being developed, bond issuance, management, settlement and recordkeeping will be done using blockchain technology.

Custody & Infrastructure

AUSTRAC, Home Affairs Dept Highlight Benefits of Blockchain

By Editors | 18/02/2020

The Department of Home Affairs and AUSTRAC say blockchain has the potential to significantly reduce compliance costs and the regulatory burden imposed on reporting entities.