Managers of Wealth Fintech

SEC to Monitor Illicit Activity on DeFi Platforms

Agency Contracts With Blockchain Firm AnChain.AI; Experts Weigh In

Banks back tougher payments laws as tech giants welcome the scrutiny

Governor Philip Lowe said in early August this would give the central bank more “flexibility” to regulate global technology giants entering the financial sector.

ANZ, Citi, HSBC and Standard Chartered in the running for MAS digital currency prize

The proposals from the finalists sought to address multiple problem statements through a variety of technology approaches including hardware wallets, digital identity and asset tokenisation.

Chinese Regulators Target Finance-Related Online Content

Commercial websites and platforms will be ordered to clean up finance-related posts and close accounts

Complying With CASS rules in the Insurance Industry

This is a key regulatory requirement for in-scope CASS 5 firms and those firms must be able to show evidence of compliance with the FCA CASS rules.

Latham & Watkins Advises Hg on Acquisition

German-led team advised the leading software investor on the transaction.

Developments in the Mauritius Fintech Sector

Should such applicant meet the required eligibility criteria and satisfy the set requirements

Off‐Shore Crypto Exchange to Pay Up to $100 Million to Resolve Enforcement Action with U.S. Regulators

Civil enforcement actions and criminal charges against BitMEX’s founders are pending.

Hogan Lovells advises Bitfield NV

In this quickly growing and dynamic environment

Asia Data Protection Update

The key issue is how the these new laws will affect the transfer of data out of mainland China.

China adopts national privacy law

As of Friday morning, the full text of the final version of the law has yet to be released, but a third reading of the law was circulated earlier this week.

Carey Olsen advises blockchain security firm CertiK on latest funding rounds

The Series B+ funding round, which secured backing from Tiger Global and GL Ventures

Eight individuals and three companies convicted for cyber fraud and money laundering crimes in Dubai

Dubai Public Prosecution investigation reveals defendants hatched elaborate plot to hack into a company's bank account and launder stolen funds worth around AED14 million

Head of Brazil’s Central Bank Calls for Crypto Regulations Amid Growing Adoption

The President of the Banco Central do Brasil (BCB) also known as the Central Bank of Brazil has stated that it is important to have robust cryptocurrency regulatory policies in place, to address the increased interest in the nascent technology.

FinCEN and CFTC assess $100 million penalty on cryptocurrency derivatives exchange

Notably, the three BitMEX co-founders were also charged with one count of violating the BSA and one count of conspiracy in October 2020.

Revolut Taps BearingPoint RegTech To Meet Regulatory Reporting for Its UK Bank

In total, three additional modules; UK Statistical Reporting Module, EBA Solo Reporting Modules, and EBA Consolidated Modules are now being added to the solution to meet the requirements imposed by UK regulators with regards to Prudential Regulation Autho

Legal,Regulation,Tax & Compliance