Crypto / Digital Assets

AML / KYC

US Agencies Target Cross-border Transfers in Proposed Rule Change

By Editors | 26/10/2020

Financial institutions will have to collect, retain, and transmit information related to any international transaction over $250, including those involving crypto assets.

Crypto / Digital Assets

ASIC Intervenes to Restrict CFD Leverage, Curb Retail Losses

By Editors | 25/10/2020

In a new product intervention order targetting contracts for difference, ASIC has imposed leverage limits and standardised margin close-out arrangements.

AML / KYC

G7 Calls for Global Adoption of FATF Standards on VASPs

By Editors | 16/10/2020

Effective implementation of the FATF Standards, including the ‘travel rule’, is needed to combat a recent surge in ransomware attacks.

AML / KYC

G20 Ministers Extend DSSI Debt Relief, Welcome FSB, FATF Efforts

By Manesh Samtani | 14/10/2020

The G20 finance ministers and central bank governors have agreed to extend debt relief for low-income countries for six months, and welcomed efforts by the FSB and FATF.

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.