Crypto / Digital Assets

Fintech / Regtech

‘Substantial Changes” Needed to Fully Reap Benefits of DeFi: BIS

By Sanday Chongo Kabange | 19/06/2022

A new BIS bulletin highlights a growing trend in DeFi to rely on forms of centralisation, and a need for it to ultimately fall within the regulatory umbrella.

Crypto / Digital Assets

Shanghai Strengthens Efforts to Curb Crypto Mining

By Darien Choong | 17/06/2022

Crypto mining has continued in China despite a government ban on such activities since May 2021.

AML / KYC

Russia Launches Blockchain-Based Alternative to SWIFT

By Editors | 14/06/2022

Russian state-owned firm Rostec said the blockchain-based platform will allow settlements in national currencies and eliminate the risk of sanctions.

Crypto / Digital Assets

Australia: New Govt to Push Ahead with BNPL, Crypto Regulation

By Editors | 14/06/2022

The government will also continue a consultation process started by Josh Frydenberg on a regulatory framework for the crypto sector.

Crypto / Digital Assets

Bangladesh Bank to Assess Feasibility of Introducing CBDC

By Editors | 14/06/2022

A CBDC is needed to facilitate the growth of digital transactions and encourage startups and e-commerce businesses, the finance minister said.

AML / KYC

IMF Calls on Philippines to Enhance AML Supervision

By Sanday Chongo Kabange | 14/06/2022

Limited actions to amend bank secrecy laws present risks to the Philippines. Casinos, the gaming industry, and crypto exchanges are flagged as risky.

Crypto / Digital Assets

Regulating the Metaverse: A “Metacode” of Conduct

By Kanv Pandit | 14/06/2022

Kanv Pandit highlights the need for a ‘metacode of conduct’ to protect metaverse users from loss and fraud until regulation catches up.

Crypto / Digital Assets

ADDX to Recognise Crypto Assets for Investor Onboarding

By Sanday Chongo Kabange | 14/06/2022

ADDX will begin recognising bitcoin and ether using a 50 percent haircut and stablecoin USDC using a 10 percent haircut.

ESG / Sustainability

UK, Japan Formalise Arrangements on Regulatory Cooperation

By Editors | 13/06/2022

UK and Japan participants agreed to establish an innovation working group to provide a space for collaboration on payments, cryptoassets and financial innovation.