07/22/2018
Demand for crypto custody rises with increasing cryptocurrency trading
The firm was working with insurers to provide cybersecurity insurance coverage for clients’ digital assets
Legal,Regulation,Tax & Compliance
07/18/2018
Bank of Asia to host official BVI launch
The British Virgin Islands is the appropriate home for Bank of Asia because the BVI is at the forefront of delivering high quality technological and innovative offshore services.
07/18/2018
deVere CEO: Crypto is ‘undeniably’ mainstream as watchdog backs Bitcoin
Mr Green comments: “Cryptocurrencies are the future of money and they are already undeniably part of mainstream finance.
07/17/2018
A Framework for Initial Coin Offerings in Bermuda
Appleby can assist with additional support services in relation to requirements surrounding the compliance regime.
07/17/2018
Hong Kong regulator, banks launch blockchain-based trade finance platform
The sector is often described as one of the most manual and paper-orientated parts of the financial services industry.
07/17/2018
French central bank investigates UK fintech Brexit contigency plans
Many fintechs have already taken steps to achieve European authorisation, including star banking challenger Revolut which chose to apply for a licence in Lithuania before attempting an application in the UK.
07/16/2018
Bermuda Government to Introduce New Regulations on ICOs, Address ‘Legal Ambiguity’
The Premier stated that, in response to “market demand,” the Bermuda government set out to develop a legal framework for distributed ledger technology (DLT) firms
07/13/2018
Mifid II and the fight against financial crime
Speech by Mark Steward, Director of Enforcement and Market Oversight at the FCA, delivered at the Duff & Phelps Global Enforcement Review 2018.
07/13/2018
Cryptocurrency laws and regulations in Taiwan
The Taiwan government is also discussing, but has not concluded, developing further regulations for ICOs, and it is the hope of industry proponents that the need for government oversight will be minimized through the industry’s self-regulation.
07/13/2018
Cryptocurrency laws and regulations in UAE
Blockchain technology is a decentralized public or private ledger that records transactions between two or more parties.
07/13/2018
Cryptocurrency laws and regulations in The Philippines
The Philippine economy is built on remittances from overseas Filipino workers, who contributed US$33 billion to the country’s US$400 billion GDP in 2017.
07/12/2018
Facebook’s fine for mishandling the data of 87 million people is worth 15 minutes of its profit
The maximum fine under GDPR is 4% of global revenue, which would be worth nearly $2 billion for Facebook.
07/12/2018
The growing need for regulatory reporting change management processes
The increased emphasis on regulatory data requires a different approach to change management
07/11/2018
Standard Chartered enlists Regtech startup Silent Eight for financial crime fight
FCC’s strategy is to continually invest to be at the forefront of the ever-changing financial crime landscape.
07/10/2018
Top China regulator warns against ‘mythologising’ blockchain technology
Regulator’s remarks echo official government stance of cautious welcome for blockchain, while playing down cryptocurrencies
07/10/2018
If You’re Living In Australia, Hiding Your Crypto Offshore Doesn’t Mean You’ll Avoid Tax
Reports out today suggest that the Australian Tax Office are now set to follow up on those who are using offshore bank accounts to hide their cryptocurrencies.
07/06/2018
Platforms to engage closely with regulator over outages
An Aviva spokeswoman said: "We will study the discussion paper in detail and we look forward to engaging constructively with the regulators on these important issues."
07/06/2018
Maintaining Compliance In A Market Of Bank-FinTech Tie-Ups
“Collaboration is exactly the overall idea behind the Digital-[Finance]-as-a-Service offering,” said Stemmle
07/06/2018
RBZ Governor: Zim Central Bank Open To Investigating Blockchain Solutions
I did not say cryptocurrencies because it is lower than blockchain
07/06/2018
ICO regulation calls mount after record crypto-currency heists
CipherTrace found that $761 million has been laundered since the start of the year from crypto-currency exchanges.