09/21/2018
Switzerland and Israel share thoughts on ICO regulation
Swiss officials visited Israel this week to open a dialogue on how best to regulate ICOs (initial coin offerings) and the wider blockchain and cryptocurrency spaces.
Legal,Regulation,Tax & Compliance
09/21/2018
Outcome of BCBS meeting
The Committee exchanged views on emerging conjunctural and structural risks.
09/20/2018
CADE launches investigation into six Brazilian banks regarding cryptocurrency trading
Brazil’s anti-trust agency has launched an investigation into six of Brazil’s financial institutions as a result of potential illicit trading practices.
09/18/2018
Singapore Introduces World’s First Unified Payment QR Code – SGQR
Members of the task force include both Singapore and international payments providers, who will implement SGQR for their Singapore merchants.
09/17/2018
Hong Kong Monetary Authority announces launch of Faster Payment System
It enables the public to transfer funds anytime, anywhere, across different banks
09/17/2018
Appleby acted as Cayman counsel to Carlyle on a landmark transaction awarded "Private Equity Deal of the Year" at the China Law and Practice Awards.
The transaction was led by Partner Nicholas Davies and Counsel Vincent Chan, both based in Appleby’s Hong Kong office.
09/17/2018
World's First Cross-Border, Open-Architecture Platform to Improve Financial Inclusion
A global consortium led by Virtusa, which includes Fidor and Percipient, has been selected to develop and operate APIX.
09/16/2018
Crypto Regulations Need a ‘Do No Harm’ Approach: CFTC Chairman
US CFTC Chairman J. Christopher Giancarlo suggested a “do no harm” approach to cryptocurrency regulations, comparing it with the rise of the Internet.
09/14/2018
U.S SEC. Penalizes Crypto Hedge Fund for Violating Securities Law
Founder Timothy Enneking and his company illegally sold stakes in the hedge fund to U.S. investors.
09/14/2018
Access Bank Executive Director Calls for Better Regulation of FinTech
FinTech generally aim to attract customers with products and services that are more user-friendly, efficient, transparent and automated than those currently available.
09/14/2018
SEC takes first enforcement action against cryptocurrency hedge fund
CAM and Enneking agreed to the SEC’s cease-and-desist order and censure without admitting or denying the findings against them, and agreed to pay a penalty of USD200,000.
09/13/2018
Blockchain, Cryptocurrencies and ICOs: An Offshore Lawyer’s Perspective
A cryptocurrency is a unique form of coin that is intended to be used as digital currency.
09/12/2018
Malta blockchain Acts to come into force on 1 November
The Acts have already been unanimously approved by Parliament
09/12/2018
Thai Bank taps Nice Actimize for anti-money laundering solution
NICE Actimize’s automated AML and case management solutions will reduce investigation time and overall cost of compliance for the bank
09/11/2018
U.A.E. Market Regulator Launches Fintech Controls Targeting Cryptocurrencies
Cryptocurrencies, in particular, have come under scrutiny, due in part to the emergence of ICOs and the volatility of Bitcoin.
09/11/2018
FCA warns firms against technology failures
Mr Bailey said: "The impact of this type of risk is greater in an environment where consumers rely more on machines."
09/10/2018
Broadridge unveils MiFID II post-trade reporting platform
Article 50 ex-post solution further expands its regulatory communication support for investment managers distributing in Europe
09/10/2018
China’s 9F Group aims for Hong Kong virtual bank license
Mainland Chinese fintech expert 9F Group has partnered with local and international firms to apply for a virtual banking licence in Hong Kong.
09/09/2018
A Russian Who Allegedly Hacked Into JPMorgan Chase's Servers Is Now in U.S. Custody
What the earlier court filings didn’t disclose was the identity of the central hacker—revealed finally in an unsealed indictment on Friday as Tyurin.
09/06/2018
ESAs report on automation in financial advice
The Report shows that while the phenomenon of automation in financial advice seems to be slowly growing, the overall number of firms and customers involved is still quite limited.