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Fintech / Regtech
EU Delays Vote on MiCA Legislation Following Backlash
By Mark Johnston | 03/03/2022
A vote on the EU’s regulatory framework for crypto-assets was delayed due to outcry over wording that would ban proof-of-work consensus protocols in 2025.
AML / KYC
SWIFT Ban Spares Russian Banks Facilitating EU Energy Trade
By Manesh Samtani | 03/03/2022
Sberbank and Gazprombank not included in ban; Global banks demonstrating “extreme caution”; Crypto exchanges under pressure to Russia-linked transactions.
Fintech / Regtech
Cambridge CCAF Launches Crypto Research Project
By Sanday Chongo Kabange | 02/03/2022
The research project will cover the environmental implications and broader ESG considerations of digital assets and their associated services, among other themes.
AML / KYC
China Supreme Court Makes Crypto Fundraising a Criminal Offence
By Editors | 02/03/2022
Fundraising that exceeds CNY 50 million, or losses involving at CNY 25 million or 5,000 people, could result in more than 10 years in prison.
AML / KYC
New EU-Wide AML Authority Expected to Oversee Crypto Firms
By Mark Johnston | 01/03/2022
A group of EU member states led by Germany is seeking to make the inclusion of cryptocurrency firms under the AMLA’s remit more explicit.
AML / KYC
BitConnect Founder Indicted for Running Crypto Ponzi Scheme
By Editors | 28/02/2022
BitConnect founder Satish Kumbhani and his co-conspirators obtained fraudulent gains from investors amounting to about USD 2.4 billion.
AML / KYC
The SFC Approach to Virtual Assets Prioritises Investor Protection
By Manesh Samtani | 28/02/2022
Since 2018, the steps taken by the SFC to regulate the virtual asset space have prioritised investor protection, first and foremost.
Fintech / Regtech
JPX Acquires Stake in Mitsui-Backed Crypto Exchange
By Editors | 28/02/2022
JPX says the investment will help it strengthen its relationship with the issuer of ZipangCoin, a new digital currency pegged to the price of gold.
AML / KYC
BitMEX Founders Agree Settlement for US AML Violations
By Editors | 28/02/2022
Arthur Hayes and Benjamin Delo have pleaded guilty to breaching AML laws and agreed to pay a USD 10 million fine each.
Securities / Derivatives
US Fed Approves New Trading Rules for Senior Officials
By Sanday Chongo Kabange | 27/02/2022
The rules aim to support public confidence in the impartiality and integrity of the FOMC’s work by guarding against “even the appearance of any conflict of interest”.
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