10/15/2021
China’s central bank continues to tighten regulation of fintech
The government may require companies to provide more access to their data, business processes, and product information.
Legal,Regulation,Tax & Compliance
10/14/2021
G7 finance officials endorse principles for central bank digital currencies
The finance officials met in person, with some joining by video, in Washington on Wednesday during the annual meetings of the International Monetary Fund and World Bank under the leadership of British finance minister Rishi Sunak.
10/14/2021
State Street Digital Appointed by DSDC
State Street will provide safekeeping, transaction settlement, dividend collection, and FX payment services to DSDC
10/14/2021
Founders of Crypto ICO Plead Guilty to Tax Evasion After Raising $24 Million from Investors
Instead of fulfilling their promises to these investors, the defendants used Bitqyck funds on personal expenses, including casino trips, cars, luxury home furnishings, art, and rent.
10/13/2021
Goldman, Morgan Stanley Sued Over Archegos-Linked Block Trades
This was followed by a $3.9 billion sales of shares in ViacomCBS Inc., Discovery Inc., Farfetch Ltd., iQiyi Inc. and GSX Techedu Inc.
10/13/2021
Digital Framework published to provide strategic direction for digital policy
Over the coming months these will be further developed, in consultation with internal and external stakeholders.
10/13/2021
Latham & Watkins Advises Celsius Network on US$400 Million Investment be Westcap and CDPQ
Cross-border team represents leading global crypto platform in the transaction with a US$3 billion valuation.
10/13/2021
Cayman Ombudsman fights data breaches
It provides a legal framework to ensure any breaches are punished and it’s a role that falls to Ombudsman Sandy Hermiston and her team, who take this function very seriously.
10/12/2021
Authorities swoop on German investment platform over €15m cross-border fraud
"Investigators estimate the total amount of the fraud could even amount to approximately €500m."
10/08/2021
CPMI and IOSCO publish guidance, call for comments on stablecoin arrangements
In 2019, the Group of Seven and the Financial Stability Board (FSB) conducted work on the impact of global stablecoin arrangements and made recommendations for their regulation, supervision and oversight.
10/05/2021
On All Fronts: Preparing for the Unexpected
Best Practices in Crisis and Risk Management
10/04/2021
MAS and Financial Industry to Use New Digital Platform to Fight Money Laundering
MAS seeks feedback on the proposed legislative framework for COSMIC, as well as the platform’s features.
10/04/2021
IMF recommends CBDC and global crypto standards for financial stability
The new policies recommended by the IMF aim to curb down the financial risks associated with global crypto adoption.
10/04/2021
Technical Whitepaper on Retail Central Bank Digital Currency
This Whitepaper is the first among similar papers published by central banks to unveil a technical architecture that includes a ground breaking privacy preservation arrangement that allows transaction traceability in a privacy-amicable manner.
10/04/2021
Do we need tighter regulations for fintech?
Rise of fintech companies have helped the banking system for quicker, easier transactions yet fresh challenges have emerged that worry the reglator.
10/03/2021
Millions stolen from Barclays accounts by Monzo fraudsters
Criminals using Monzo account carried out the thefts using a new money transfer method called Pisp, or payments initiation service provider
10/01/2021
FinTech Australia releases regulatory map for incoming global fintech companies
The regulation map is available for free on FinTech Australia’s website, building on the number of resources FinTech Australia is providing to the broader fintech community.
10/01/2021
New Zealand central bank opens consultation on future of money
He notes that two years ago the Bank's work was focused on the future of cash, but now it has broadened out to consider the future of money.
09/30/2021
Dubai Economy signs deal to participate in UAE KYC Blockchain Platform
Work is underway to complete the connectivity between the UBR Blockchain Platform and the KYC Blockchain Platform by Q4 2021
09/29/2021
MFSA issues warning about three different online entities
Two of those companies appear to be clones of legitimate ones, with the third appearing to be an unlicensed entity.