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AML / KYC
FSB Issues Final Recommendations on Regulating Global Stablecoins
By Editors | 13/10/2020
Global stablecoin arrangements are expected to adhere to all applicable regulatory standards and address risks to financial stability before commencing operation, the FSB says.
AML / KYC
US Justice Dept Publishes Cryptocurrency Enforcement Framework
By Editors | 13/10/2020
The framework provides a detailed threat overview, cataloging the three categories into which most illicit uses of cryptocurrency typically fall.
Crypto / Digital Assets
UK FCA Bans Retail Sale Of Crypto Asset Derivatives
By Sanday Chongo Kabange | 08/10/2020
The ban covers contracts for difference, options, futures and exchange-traded notes referencing crypto assets, and will come into effect on 6 January 2021.
Crypto / Digital Assets
Thailand: SET to Establish Digital Asset Trading Platform
By Sanday Chongo Kabange | 08/10/2020
The new platform will provide new fundraising channels for businesses and create opportunities for investors, as Thailand seeks to develop its digital economy.
Crypto / Digital Assets
BIS Innovation Hub Announces G20 TechSprint Winners
By Editors | 07/10/2020
FNA won the dynamic information-sharing category; Tookitaki won in the monitoring and surveillance category; ISDA and REGnosys won the regulatory reporting category.
Fintech / Regtech
ISDA, Digital Asset Launch CDM Clearing Pilot Using DAML
By Editors | 06/10/2020
Deploying the Common Domain Model for clearing using DAML will increase standardisation and operational efficiency across the entire clearing lifecycle.
Crypto / Digital Assets
Malaysian MSMEs Cross MYR 1bn Crowdfunding Mark
By Sanday Chongo Kabange | 06/10/2020
The SC highlighted a “considerable increase” in investor participation in markets via digital investment managers, ECF and P2P platforms, digital asset exchanges and online brokers.
AML / KYC
BitMEX Founders Charged for Evading AML Requirements
By Editors | 03/10/2020
Four individuals were charged for “willfully” failing to establish, implement, and maintain an adequate AML programme that included a KYC component.
AML / KYC
FATF Upgrades China on Three Recommendations in Follow-up
By Manesh Samtani | 01/10/2020
This is to reflect progress on regulating online lending, guidance issued to online lending and other DNFBP sectors, and China’s prohibition on virtual asset activities.
AML / KYC
BSP Set to Issue Revised Rules on Virtual Assets
By Sanday Chongo Kabange | 30/09/2020
The revisions are aimed at addressing identified gaps and aligning the framework with FATF guidance for regulating VASPs.
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