International

Fintech / Regtech

OECD Proposes Tax Reporting Framework for Crypto-assets

By Editors | 27/03/2022

The framework would require intermediaries to identify their customers and their tax jurisdictions, and then report their aggregate transaction values annually.

Fintech / Regtech

IOSCO Forms New Task Force Targeting DeFi Regulation

By Manesh Samtani | 26/03/2022

The task force, chaired by MAS assistant managing director Tuang Lee Lim, will help coordinate policy action to address the risks in DeFi.

AML / KYC

US Imposes Fresh Russia Sanctions, G7 Pledges to Block Gold Trades

By Manesh Samtani | 25/03/2022

The G7 and EU will prohibit gold-related transactions involving Russia and ramp up monitoring and information sharing to prevent Russian sanctions evasion.

Crypto / Digital Assets

FSB Calls for Academic Papers Covering Crypto, DeFi Risks

By Editors | 24/03/2022

The FSB is inviting authours to submit papers analysing the structures and evolving linkages between crypto-asset markets for an upcoming plenary session.

ESG / Sustainability

IFRS Foundation, GRI to Align Sustainability Reporting Work

By Editors | 24/03/2022

The ISSB under the IFRS Foundation will publish proposed Climate and General Sustainability-related Disclosure requirements next week.

AML / KYC

FATF Spotlights ML/TF Risks Associated with Migrant Smuggling

By Manesh Samtani | 23/03/2022

Financial institutions have an important role to play in helping authorities profile migrant smugglers’ financial behaviour, the FATF says in a new report.

Fintech / Regtech

BIS, Central Banks Complete Development of Multi-CBDC Prototypes

By Sanday Chongo Kabange | 23/03/2022

The initial phase of Project Dunbar has proved that the concept of multi-CBDCs is technically viable, says a new project report.

Securities / Derivatives

IOSCO to Develop Regulatory Toolkit on Retail Investor Protection

By Manesh Samtani | 21/03/2022

IOSCO consultation asks whether certain gamification should be regulated or prohibited, and whether regulators should be monitoring crypto-asset trading by retail investors.

Big Picture

Financial Stability Risks from BigTech May Be Increasing: FSB

By Editors | 21/03/2022

The FSB warns that bigtechs could become so large or dominant that their failure could have a severe impact on economic activity and financial stability.