Crypto / Digital Assets

AML / KYC

US Treasury Seeks Input on Illicit Finance Risks in Crypto

By Editors | 19/09/2022

The RFC calls for input on how to prevent crypto from being used for illicit finance, including through analytics tools and AML/CFT regulations.

Fintech / Regtech

FSTB, SFC Declare Support for STO Business in Hong Kong

By Editors | 19/09/2022

The SFC’s Elizabeth Wong said firms that are interested in STOs are encouraged to discuss their proposals with the regulator’s Fintech unit.

Crypto / Digital Assets

CyberSecurity Malaysia, MX Global Partner on Digital Assets

By Editors | 19/09/2022

The collaboration includes research and development, joint solution development, and cyber risk training and awareness programmes.

Crypto / Digital Assets

ECB Selects Five Firms to Develop CBDC User Interfaces

By Editors | 18/09/2022

CaixaBank, Worldline, EPI, Nexi and Amazon will each focus on one specific use case of a digital euro in the prototyping exercise, the ECB said.

Crypto / Digital Assets

Thai SEC Proposes to Ban Crypto Lending, Staking Services

By Editors | 18/09/2022

A minimum investment amount is also proposed for each digital asset transaction.  Meanwhile, the SEC is considering allowing asset managers to set up digital asset funds.

Crypto / Digital Assets

BIS, HKMA to Explore Use of DeFi Tools for SME Finance

By Editors | 18/09/2022

Project Dynamo will study whether and how DeFi tools such as blockchain and smart contracts can improve access to finance for SMEs.

AML / KYC

US Unveils Comprehensive Plans for Regulating Digital Assets

By Manesh Samtani | 18/09/2022

Reports released by the White House, Treasury, Commerce and DOJ will help ensure a coordinated and comprehensive approach to digital assets policy.

AML / KYC

OFAC Issues Guidance on Transacting With Tornado Cash

By Editors | 18/09/2022

US persons may request a specific licence from OFAC to complete transactions involving sanctioned crypto mixer Tornado Cash.

Crypto / Digital Assets

MAS Launches New Transformation Map for Financial Industry

By Editors | 16/09/2022

MAS will promote the FX trading ecosystem, enhance fund structures, support fintechs, improve its bond infrastructure, and scale up sustainable and transition financing.