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Fintech / Regtech
Facebook Sells Stablecoin IP and Tech Assets to Silvergate
By Sanday Chongo Kabange | 07/02/2022
The sale was announced after it became clear from dialogue with federal regulators that “the project could not move ahead”.
AML / KYC
Crypto Prepares for a Regulated Future
By David Liu | 07/02/2022
As crypto goes mainstream, regulatory compliance will require robust and financial institution-grade AML and KYC processes, says David Liu.
AML / KYC
Australian Billionaire Launches Criminal Proceedings Against Facebook
By Editors | 06/02/2022
Fortescue Metals Group chairman Andrew Forrest alleges that Facebook broke AML laws by failing to prevent crypto scams from being advertised on its platform.
Market Infrastructure
Philippines to Enhance Supervision of Financial Conglomerates
By Editors | 04/02/2022
The BSP, SEC, PDIC, and Insurance Commission have agreed to establish a supervisory college for financial conglomerate supervision.
Securities / Derivatives
CSRC Offers Reassurances to Foreign Institutional Investors – Report
By Editors | 02/02/2022
CSRC vice chairman Fang Xinghai told global banks and asset managers to expect a “positive surprise” on Sino-US capital markets cooperation by June.
Fintech / Regtech
Thailand Finalises Tax Policy for Income from Crypto Trading
By Editors | 02/02/2022
Individuals will have to include profits from cryptocurrency trading as assessable income when filing personal income tax returns.
AML / KYC
Preparing for New Russia-Related Sanctions, Export Controls
By Nick Turner | 01/02/2022
Nick Turner and Steptoe partners summarize noteworthy US proposals for imposing Russia-related sanctions over the situation in Ukraine.
Enforcement
US Court Acquits Deutsche Traders in LIBOR Rigging Case
By Editors | 28/01/2022
Former Deutsche Bank traders Matthew Connolly and Gavin Black were convicted in October 2018. Both have now been acquitted.
Market Infrastructure
Sri Lanka Commences Work to Establish CCP for Equities
By Duruthu E Chandrasekera | 27/01/2022
SEC chairman Viraj Dayaratne said “steady progress” is being made and the CCP is expected to launch by year end as planned.
AML / KYC
Will 2022 Be the Year of NFT Regulation?
By Javier Tamashiro | 27/01/2022
The jury is still out on how the NFT arena will be regulated, but marketplaces should still be applying a baseline standard of compliance practice, says Javier Tamashiro.
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