Crypto / Digital Assets

Fintech / Regtech

Malaysia SC Registers Two IEO Platform Operators

By Editors | 24/03/2022

The Initial Exchange Offering platform operators are given nine months to comply with regulatory requirements before they can commence operations.

Enforcement

ACCC Launches Court Proceedings Over Crypto Ads on Facebook

By Editors | 23/03/2022

The ads contained links to fake media articles containing quotes attributed to public figures endorsing cryptocurrency or money-making schemes.

Crypto / Digital Assets

CBIRC Warns of Crypto and Metaverse Frauds at College Campuses

By Darien Choong | 23/03/2022

The CBIRC’s Beijing bureau warns that concepts such as the metaverse and blockchain are being used to defraud local college students.

Fintech / Regtech

Malaysian Minister Calls for Adoption of Bitcoin as Legal Tender

By Editors | 23/03/2022

Deputy minister Zahidi Zainul Abidin says the government should consider adopting bitcoin and other cryptocurrencies as legal tender.

Crypto / Digital Assets

Australia Opens Consultation on Regulatory Regime for Crypto

By Manesh Samtani | 22/03/2022

The consultation proposes minimum standards of conduct, AML compliance obligations, and fit and proper requirements for directors and key persons.

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.

AML / KYC

Russia Promises to Contain Economic Fallout from Sanctions

By Manesh Samtani | 21/03/2022

Australia bans alumina exports to Russia. India is working on a rupee-ruble trade arrangement that would allow it to continue buying Russian energy.

Fintech / Regtech

Ripple Calls on Korea to Further Develop Digital Assets Framework

By Editors | 19/03/2022

New policy paper calls for the implementation of a “risk-sensitive” digital asset regulatory framework to provide certainty and encourage innovation in the sector.

AML / KYC

NZ Regulators Issue Guidance on Russia Sanctions Compliance

By Manesh Samtani | 19/03/2022

The guidance highlights the need for reporting entities to conduct due diligence to understand who has effective control or beneficial ownership of legal structures.