Crypto / Digital Assets

AML / KYC

Hong Kong to Bar Retail Investors from Crypto Trading

By Manesh Samtani | 24/05/2021

Hong Kong’s FSTB has issued consultation conclusions on the new licensing regime for VASPs and a new registration regime for precious metals dealers.

Big Picture

Infrastructure Critical for Successful CBDC Development – Report

By Sanday Chongo Kabange | 22/05/2021

A new report analyses the four axes of consideration for the design features of all CBDCs, as proposed by the IMF, and the implications each choice has on infrastructure.

Crypto / Digital Assets

China Renews Crackdown on Cryptocurrencies

By Manesh Samtani | 19/05/2021

Three state-backed associations representing internet firms, banks, and payments companies have barred their members from providing crypto-related services to customers.

AML / KYC

Proliferation Financing Risk: A Due Diligence Challenge

By Manesh Samtani | 19/05/2021

Measures for detecting proliferation financing risk are designed to help identify sanctions evasion and uncover the beneficial owners of corporate entities.

Crypto / Digital Assets

RBI Asks Banks to Cut Ties With Cryptocurrency Exchanges

By Sanday Chongo Kabange | 17/05/2021

The unofficial guidance comes as Indian lawmakers look to introduce a ban on cryptocurrencies and penalise anyone dealing in them.

Fintech / Regtech

BOK Seeks Authority to Monitor Crypto Transactions – Report

By Sanday Chongo Kabange | 15/05/2021

The BOK plans to use existing authorities to monitor crypto transactions, amid fears that risks in the sector could flow to the broader financial system.

AML / KYC

Taiwan FSC Fines Citibank, DBS for AML Violations

By Editors | 14/05/2021

The regulator cited failures related to customer due diligence, review mechanisms, transaction monitoring, risk assessment, and investigations.

Big Picture

SWIFT, Accenture Explore Real-world Implications of CBDCs

By Sanday Chongo Kabange | 13/05/2021

SWIFT is planning trials in the coming months to explore how its platform could interact with CBDCs in cross-border payments.

AML / KYC

Korean Lawmakers Push for Tougher Crypto Legislation

By Sanday Chongo Kabange | 11/05/2021

Lawmakers are pushing for tougher crypto legislation to protect crypto investors against unfair practices and price manipulation.