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Crypto / Digital Assets
US Heavyweights Announce Plans to Launch Crypto Exchange
By Editors | 15/09/2022
EDX Markets is backed by Citadel Securities, Fidelity Investments, Charles Schwab, Virtu Financial, Sequoia Capital and Paradigm.
AML / KYC
OFAC Sanctions Iranian Actors Over Ransomware Activity
By Editors | 15/09/2022
OFAC said the IRGC-affiliated group has launched extensive campaigns across the globe targeting defence, diplomatic, government and private industry personnel.
Singapore Passes Bill to Regulate Debt Collector Conduct
By Editors | 15/09/2022
Debt collectors will have to be screened by police for licensing. Behaviour that threatens the physical safety of debtors will be prohibited.
Securities / Derivatives
HKEX Considers Relaxing Listing Requirements for Tech Firms
By Editors | 14/09/2022
Under the proposals, the revenue requirement for commercialised tech firms would be lowered from HK$500 million to between HK$200-300 million.
Capital / Liquidity
FSB Seeks Feedback on Information Gathering Framework
By Editors | 14/09/2022
The FSB is seeking stakeholder input to inform the revision of its framework for gathering information from FMI Intermediaries to support resolution planning.
Enforcement
Korea Issues Arrest Warrants for Terra Founder, Five Others
By Editors | 14/09/2022
Prosecutors say Terra coins were investment securities under Korea’s capital markets law. Do Kwon is alleged to have committed fraud.
Thailand Banks Request Lower FIDF Contribution Fees
By Sanday Chongo Kabange | 14/09/2022
The TBA says lower FIDF contribution fees would enable banks to slow down interest rate increases for borrowers.
Crypto / Digital Assets
Asset Tokenisation Increasingly Relevant in ‘Crypto Winter’ – Report
By Manesh Samtani | 14/09/2022
A new report from BCG and ADDX projects a 50-fold increase in tokenised assets by 2030, bringing the market’s value to over $16 trillion.
AML / KYC
MAS Identifies AML/CFT Control Lapses at VCCs
By Manesh Samtani | 14/09/2022
MAS found issues with EFI appointment, oversight and escalation. Customer risk assessments and ongoing monitoring need improvement.
Market Infrastructure
Japan FSA Proposes New Derivatives Reporting Guidance
By Editors | 14/09/2022
The draft guidelines explain the data fields that need to be included in reporting, along with technical specifications and best practices for reporting.
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