CRYPTO / DIGITAL ASSETS

AML / KYC

FSC Korea Concerned of Embezzlement by Crypto Exchanges

By Editors | 02/07/2021

As the 24 September deadline for VASPs to register their businesses approaches, some businesses may close down, presenting risks to customer deposits.

Crypto / Digital Assets

SC Malaysia Expands Sophisticated Investor Definition

By Editors | 02/07/2021

More investors will be allowed to expand their investment options and issuers will be able to tap into a larger pool of sophisticated investors.

Crypto / Digital Assets

New Registry for Digital Token Identifiers Goes Live

By Editors | 01/07/2021

The launch of the new registry comes ahead of the scheduled publishing of the ISO standard in Q3 2021, to meet urgent industry and regulatory needs.

AML / KYC

Binance Deploys New AML Solution Amid Regulatory Pressure

By Ranamita Chakraborty | 01/07/2021

Binance has deployed a new AML compliance solution in the face of a ban in the UK and warnings from Japanese and Thai regulators.

Securities / Derivatives

ASIC Proposes New Guidance for Crypto-asset ETPs

By Editors | 01/07/2021

In ASIC’s view, only bitcoin and ether are likely to satisfy proposed criteria for determining whether a crypto-asset is appropriate as an ETP’s underlying asset.

AML / KYC

FATF Issues Report on Racially Motivated Terrorism Financing

By Manesh Samtani | 01/07/2021

Most of the funding obtained by extreme right-wing groups comes from legal sources, such as donations, membership fees, and commercial activities.

Crypto / Digital Assets

NZ FMA Warns Influencers Against Providing Financial Advice

By Ranamita Chakraborty | 30/06/2021

Social media influencers do not want to find themselves caught offering advice they’re not qualified or authorised to give, warns FMA chief Rob Everett.

AML / KYC

FATF Issues Guidance on Mitigating Proliferation Financing Risk

By Manesh Samtani | 29/06/2021

The guidance highlights the need for effective onboarding processes, ongoing monitoring, staff training, risk management, sanctions screening, and a strong compliance culture.

Crypto / Digital Assets

HKEX Names Firms Piloting New Stock Connect Settlement Platform

By Sanday Chongo Kabange | 28/06/2021

BNP Paribas, Citibank, CSOP Asset Management, Invesco, Northern Trust, State Street, Standard Chartered, BNY Mellon and HSBC will join the HKEX Synapse pilot.