ADVERTISEMENT
Crypto / Digital Assets
Task Force Created to Align Digital Token Identifier With ISIN
By Editors | 12/06/2021
The task force is a joint collaboration between Etrading Software, the registration authority for the new ISO standard for DTIs, and ANNA.
AML / KYC
Financial Crime Compliance Costs to Reach $213.9bn for 2021
By Editors | 12/06/2021
KYC for onboarding and customer risk profiling were cited as the biggest challenges for APAC financial institutions in a LexisNexis Risk Solutions study.
Capital / Liquidity
BCBS Consults on Prudential Treatment of Cryptoasset Exposures
By Manesh Samtani | 11/06/2021
Bitcoin and other “Group 2 cryptoassets” will be subject to a 1250% risk weight to avoid exposing bank depositors and creditors to a loss.
Big Picture
WEF Publishes ‘Policy-maker Toolkit’ for Decentralised Finance
By Sanday Chongo Kabange | 10/06/2021
The report offers a range of policy actions that can be adopted for DeFi, ranging from the introduction of new licence types and imposing prohibitive measures to doing nothing at all.
Big Picture
BOE Issues Paper Exploring New Forms of Digital Money
By Sanday Chongo Kabange | 09/06/2021
The BOE seeks feedback on the discussion paper as it examines how CBDCs and stablecoins could impact the financial system and wider economy.
Crypto / Digital Assets
China’s Weibo Blocks Selected Crypto Influencer Accounts
By Sanday Chongo Kabange | 09/06/2021
The move follows joint action by three state-backed associations to bar their members from providing crypto-related services to customers.
Capital / Liquidity
BCBS to Consult on Capital Rules for Banks’ Crypto Exposures
By Manesh Samtani | 09/06/2021
The proposed consultation builds on an earlier paper which outlined an approach that would subject direct crypto exposures to full deductions from CET1 capital.
AML / KYC
US DOJ Recovers $2.3mn of Ransom Paid to Colonial Pipeline Hackers
By Sanday Chongo Kabange | 09/06/2021
Investigators were able to track multiple transfers of bitcoin by reviewing the Bitcoin public ledger, and subsequently seized 63.7 bitcoins.
Crypto / Digital Assets
G7 Leaders Pledge to Develop Common Principles for CBDCs
By Sanday Chongo Kabange | 07/06/2021
CBDCs should operate within appropriate privacy frameworks and minimise spillovers, the G7 Finance Ministers said in a communique.
AML / KYC
FSC Korea Meets Crypto Exchanges Over Regulatory Reforms
By Sanday Chongo Kabange | 07/06/2021
The meeting focused on the operational difficulties faced by firms as they try to meet new regulatory requirements by a 24 September deadline.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team