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AML / KYC
Limited Progress Made on Travel Rule Implementation: FATF
By Editors | 01/07/2022
Jurisdictions have made “only limited progress” over the last year to implement the travel rule in the crypto industry, the FATF says.
Capital / Liquidity
MAS Reprimands Crypto Hedge Fund Three Arrows Capital
By Editors | 01/07/2022
MAS said Three Arrows Capital exceeded its allowable AUM and gave the regulator a false representation. The company entered into liquidation this week.
Capital / Liquidity
BCBS Issues New Consultation on Banks’ Cryptoasset Exposures
By Manesh Samtani | 01/07/2022
Total bank exposures to Group 2 cryptossets would be capped at 1% of Tier 1 capital. Banks would be permitted to recognise hedging for certain Group 2 cryptoassets.
Crypto / Digital Assets
EU Lawmakers Agree on AML Framework for Crypto
By Manesh Samtani | 30/06/2022
Crypto asset service providers will be required to implement customer protection measures and robust AML/CFT safeguards including the travel rule.
Crypto / Digital Assets
Taiwan Central Bank Completes Second Phase of CBDC Testing
By Editors | 29/06/2022
The central bank will now collect feedback from the trials, seek to gain public support for the CBDC, refine its technology, and establish regulations for the digital currency.
Big Picture
WEF Offers Guidance to Policymakers on DAO Structures, Risks
By Editors | 28/06/2022
DAOs may disrupt whole sectors but they also confront challenges of cybersecurity, governance, and regulatory uncertainty, says a new WEF report.
Crypto / Digital Assets
Thai SEC Proposes to Tighten Rules for ICO Portals
By Editors | 28/06/2022
ICO portals cannot provide services for digital token offerings if there is a conflict of interest, such as in situations where they hold shares in the issuer.
Securities / Derivatives
Malaysia Unveils Strategic Roadmap to Develop Labuan IBFC
By Editors | 28/06/2022
The roadmap includes plans to develop regulatory requirements for digital assets, the tokenisation of non-securities, and dealings on digital exchange platforms.
Crypto / Digital Assets
Shenzhen Authorities Issue Warning Against Crypto Speculation
By Editors | 28/06/2022
Domestic staff of overseas crypto exchanges and others engaging in crypto-related business will be investigated.
Crypto / Digital Assets
Japan’s Soramitsu to Study CBDC in Vietnam, Fiji, Philippines
By Editors | 27/06/2022
Japan’s METI has selected Soramitsu to conduct CBDC feasibility studies in other APAC countries, building on its work in Cambodia and Laos.
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