P2P platform operators have to implement six risk control mechanisms, including a real-name account system and arrangements for segregating customer funds.
October 21, 2023The bill focuses on protecting virtual asset users and preventing unfair trading practices. The new framework will be implemented within one year.
July 3, 2023The SFC will start accepting licence applications from virtual asset trading platforms starting 1 June.
May 24, 2023The FSC is creating a new bureau that will be dedicated to the crypto sector, adding to its four existing bureaus.
May 3, 2023The "Virtual Asset User Protection Bill" consolidates and reconciles 19 legislative proposals introduced over the two years since May 2021.
April 28, 2023The stablecoin's legal structure guarantees complete segregation of the collateral assets held to back its value.
April 21, 2023Pre-collapsed FTX and today's Binance would not meet the threshold for classification as 'significant' CASPs. Even if they did, stricter requirements wouldn't apply.
April 10, 2023Senator Andrew Bragg said Australia’s crypto regulation has stalled and the government’s “token mapping” consultation programme is too slow.
March 30, 2023The proposed change is expected to make it more difficult for asset managers to invest in crypto assets on behalf of clients.
February 16, 2023Agustín Carstens says big techs involved in financial services are gaining systemic importance and may quickly become “too big to fail”.
February 12, 2023