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Big Picture
DTCC Calls for Greater Scrutiny of Interconnectedness Risks
By Editors | 05/05/2022
Interconnectedness, while providing benefits, poses certain risks that need to be recognised and analysed to guard against system-wide vulnerabilities, DTCC says.
Enforcement
US SEC Expands Enforcement Unit Dedicated to Crypto, Cyber
By Editors | 05/05/2022
The additional resources will be used to prioritise investigations related to crypto asset offerings, exchanges, lending and staking products, as well as DeFi platforms, NFTs and stablecoins.
Fintech / Regtech
S. Korea Set to Delay Capital Gains Tax for Crypto
By Editors | 04/05/2022
President-elect Yoon Seok-yeol is planning to defer the tax to 2025 to allow time for the enactment of a new set of regulations designed to protect consumers.
Securities / Derivatives
AIMA Publishes Institutional Investor Guide on Digital Asset Custody
By Editors | 04/05/2022
The guide was produced with contributions from Anchorage Digital, Barclays Investment Bank, Capco, Coinbase, Copper, Digivault, and Fidelity Digital Assets, among others.
AML / KYC
India: CERT-In Includes Crypto Firms in New Directions
By Manesh Samtani | 03/05/2022
The directions require crypto exchanges, custodians and wallet providers in India to retain KYC information for five years and report cyber incidents to CERT-In.
AML / KYC
Singapore: Revolut, Luno Get In-Principle Approval to Offer DPT Services
By Editors | 02/05/2022
MAS managing director Ravi Menon described the licensing process as necessarily stringent for Singapore to be a responsible global crypto hub.
Crypto / Digital Assets
Hangzhou Court Delivers China’s First NFT-related Judgment
By Darien Choong | 01/05/2022
The court penalised an NFT marketplace for failing to subject an artwork to review and meet its obligations to protect against intellectual property theft.
AML / KYC
US OCC Orders Digital Assets Bank to Address AML Failings
By Sanday Chongo Kabange | 30/04/2022
Deficiencies were found at Anchorage Digital Bank, the US’ first federally chartered bank authorised to provide institutional custody services for crypto.
Fintech / Regtech
SFC Grants In-principle Approval to HashKey Crypto Platform
By Manesh Samtani | 30/04/2022
HashKey’s platform will offer trading, brokerage and automated trading services for cryptocurrencies, virtual commodities, stablecoins and security tokens.
Enforcement
MAS Offers Update on Major Ongoing Investigations
By Editors | 29/04/2022
MAS’ latest enforcement report includes a new section providing updates on cases relating to Noble Group, Hyflux, Eagle Hospitality Trust, and Hui Xun Asset Management.
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