Global Fintech & Digital Assets

JANUARY 8, 2024

By Simon Hawkins and Adrian Fong On 27 December 2023, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) released a consultation paper on their legislative proposal for a regulatory regime governing stablecoin issuers in Hong Kong (Consultation Paper).

Stablecoins 59

Stablecoins Consulting Issuers Non-Bank 59

Neopay

MAY 7, 2024

This includes references to the travel rule and updates to sections on risk assessment and fraud. Implications for regulated firms The proposed changes necessitate updates to compliance and risk management frameworks. The consultation period for these proposed updates closes on 27 June 2024.

Financial Crimes 52

Financial Crimes Crime Risk Assessment Money Laundering 52

Fintech News

FEBRUARY 27, 2024

Japan Japan, as a forerunner in the adoption of customised cryptocurrency regulations, rolled out both the Travel Rule and stablecoin regulations in June 2023. Furthermore, the SEC imposed a requirement for customer risk disclosure on licensed digital asset operators and prohibited them from providing lending and staking services.

APACS 97

APACS Regulations Stablecoins Cryptocurrency 97

Fintech News

JANUARY 24, 2024

Further highlighting Singapore’s changing stance towards crypto businesses, several new rules have been introduced this year, which forbid DPT service providers to promote their services to the general public and require crypto service providers in the city-state that only do business overseas to be licensed regardless.

Service Provider 96

Service Provider Cryptocurrency Payments Institute Stablecoins 96