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Fintech / Regtech
IOSCO Forms New Task Force Targeting DeFi Regulation
By Manesh Samtani | 26/03/2022
The task force, chaired by MAS assistant managing director Tuang Lee Lim, will help coordinate policy action to address the risks in DeFi.
AML / KYC
FSC Korea Starts Enforcing Travel Rule in Crypto Industry
By Editors | 24/03/2022
Starting today, VASPs can be subject to cautions, warnings or corrective orders if violations of travel rule requirements are found.
Crypto / Digital Assets
FSB Calls for Academic Papers Covering Crypto, DeFi Risks
By Editors | 24/03/2022
The FSB is inviting authours to submit papers analysing the structures and evolving linkages between crypto-asset markets for an upcoming plenary session.
Fintech / Regtech
Malaysian Minister Rules Out Possibility of Bitcoin as Legal Tender
By Editors | 24/03/2022
Malaysia’s deputy finance minister said cryptocurrencies are not suitable for use in payments. Earlier this week another minister called for the government to adopt crypto as legal tender.
Fintech / Regtech
ANZ Launches First Bank-issued AUD Stablecoin
By Manesh Samtani | 24/03/2022
The stablecoin is expected to help investors avoid the costs and exchange rate risk associated with converting AUD into USD to trade in crypto markets.
Fintech / Regtech
FCA, BOE Offer New Guidance on Addressing Crypto Risk
By Editors | 24/03/2022
Cryptoassets should be classified as an intangible asset for accounting purposes, meaning that in most cases direct holdings should be fully deducted from CET1.
Fintech / Regtech
Thailand Bans Use of Crypto as Means of Payments
By Editors | 24/03/2022
From 1 April, digital asset business operators are prohibited from enabling merchants to accept digital assets as a means of payment for goods or services.
Fintech / Regtech
Malaysia SC Registers Two IEO Platform Operators
By Editors | 24/03/2022
The Initial Exchange Offering platform operators are given nine months to comply with regulatory requirements before they can commence operations.
Enforcement
ACCC Launches Court Proceedings Over Crypto Ads on Facebook
By Editors | 23/03/2022
The ads contained links to fake media articles containing quotes attributed to public figures endorsing cryptocurrency or money-making schemes.
Crypto / Digital Assets
CBIRC Warns of Crypto and Metaverse Frauds at College Campuses
By Darien Choong | 23/03/2022
The CBIRC’s Beijing bureau warns that concepts such as the metaverse and blockchain are being used to defraud local college students.
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