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Category: RegTech


Invest tech, RegTech

Crypto Exchange Kraken Settles With Treasury Department Over Sanctions Violations

November 30, 2022

Via: Bitcoin.com

Kraken Settles With OFAC The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced Monday a settlement with Payward Inc. (d/b/a Kraken), a Delaware-incorporated crypto exchange. The announcement states: ”Kraken agreed to remit $362,158.70 to settle its […]


Invest tech, RegTech

FTX collapse put the Singapore government in a parliamentary hot seat

November 28, 2022

Via: Cointelegraph

The collapse of the now-bankrupt cryptocurrency exchange FTX has put the Singapore prime minister and the ruling government in a hot seat. Prime Minister Lee Hsien Loong and Deputy Prime Minister Lawrence Wong are set to face grilling questions for […]


Invest tech, RegTech

US Treasury outlines fintech consumer protection recommendations

November 18, 2022

Via: FinTech Futures

The report details how new non-bank firms, in particular fintechs, are adding “significantly” to the number of firms competing in core consumer finance markets. To shore up consumer protection, the report recommends that oversight for these newer firms should be […]


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Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse

November 16, 2022

Via: Bitcoin.com

Turkish Financial Watchdog Sets Out to Dig Deeper Into FTX Case Turkey’s Financial Crimes Investigation Board (MASAK), a body subordinated to the Ministry of Finance in Ankara, has started an investigation into the insolvency of cryptocurrency exchange FTX, joining financial […]


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US Lawmaker Urges SEC to ‘Take Decisive Action’ to Regulate Crypto Industry — Plans to Examine Options for Federal Legislation

November 16, 2022

Via: Bitcoin.com

Rep. Brad Sherman on Cryptocurrency Regulation Congressman Brad Sherman (D-CA), chairman of the subcommittee on Investor Protection and Capital Markets, released a statement regarding the implosion of cryptocurrency exchange FTX on Sunday. FTX’s “sudden collapse” has been “a dramatic demonstration […]


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New York Fed collaborates with Singapore MAS to explore CBDCs

November 11, 2022

Via: Cointelegraph

The New York Innovation Center (NYIC) of the Federal Reserve Bank of New York and the Monetary Authority of Singapore (MAS) will launch a joint experiment with wholesale central bank digital currencies (wCBDCs). Regulators are keen to test the wCBDCs […]


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California Regulator Reveals Investigation Into FTX’s Failure, Says ‘Crypto Assets Are High-Risk Investments’

November 11, 2022

Via: Bitcoin.com

California’s Department of Financial Protection Investigates FTX, Publishes Consumer Warning Following the report that shows the U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating FTX, California’s DFPI has published a consumer warning about […]


Invest tech, RegTech

Brussels to Put Out Digital Euro Law Shortly, ECB’s Lagarde Says

November 10, 2022

Via: Bitcoin.com

EU Commission to Propose Legislation for Eurozone’s Digital Currency Authorities in the euro area have already made good progress in exploring the rationale and the potential benefits and risks of a central bank digital currency (CBDC), the head of the […]


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Hong Kong ‘Actively Looking’ to Establish Regulatory Framework to Allow Crypto Futures ETFs: Report

November 9, 2022

Via: Bitcoin.com

Rising Demand for Crypto ETFs in Hong Kong Hong Kong’s top financial regulator is “actively looking” to set up a regulatory framework that allows retail investors to trade exchange-traded funds (ETFs) with exposure to cryptocurrency futures, Ignites Asia reported Monday. […]


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Moneyhub Casts Dim Outlook on the Successful Adoption of the FCA’s Consumer Duty

November 9, 2022

Via: The Fintech Times

Twenty-two per cent of CEOs, chairmen and directors admit that the banks and building societies they work for are unlikely to become compliant with the regulation by the time the April deadline comes around. This is the central concern of […]


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Firms Need to Use Tech to Mitigate Growing Money Laundering Threat

November 1, 2022

Via: The Fintech Times

The State of Global Anti Money Laundering Compliance Report surveyed 636 anti-money laundering (AML) compliance experts, representing 77 companies around the world, most of them from the financial services industry, and overall 74 per cent of respondents cited money mule […]


Invest tech, Paytech, RegTech, Retail

Bank of Thailand Needs More Time to Complete and Launch Retail Digital Currency

October 31, 2022

Via: Bitcoin.com

Thailand’s Central Bank Wants to Better Understand Risks of Central Bank Digital Currency The Bank of Thailand (BOT) intends to take more time to complete the development of its retail central bank digital currency (CBDC). The monetary policy regulator aims […]


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Hong Kong, Singapore Sees Diverging Approaches to Retail Crypto Trading

October 28, 2022

Via: Blockchain News

Hong Kong is planning to shift to a friendlier approach towards cryptocurrencies starting next year, according to a Bloomberg report, while neighbouring Singapore is planning to impose fresh restrictions on consumers. People familiar with the matter, who asked to remain […]


Invest tech, RegTech

Singapore central bank proposes measures on crypto trading, stablecoin

October 26, 2022

Via: Investing.com

Singapore’s central bank has put forward proposals for new regulatory measures on cryptocurrency trading and stablecoins, in a bid to reduce the risk of consumer harm from the volatility of the industry. The measures published in two consultation papers on […]


Invest tech, RegTech

Report: US Department of Justice Files $60 Million Lawsuit Against Bitcoin Mixer Operator

October 25, 2022

Via: Bitcoin.com

Violation of the Bank Secrecy Act The United States Department of Justice (DOJ) is reportedly suing Larry Harmon, the founder of the crypto mixer Helix, to recover the $60 million fine imposed on him by regulators. According to a Reuters […]


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India Freezes Additional Bitcoin Amid Mobile Gaming App Investigation

October 21, 2022

Via: Bitcoin.com

India’s ED Freezes More Bitcoin in E-nuggets Case India’s Enforcement Directorate (ED) announced Thursday that it has frozen 44.5 bitcoins under the country’s Prevention of Money Laundering Act (PMLA). The ED is the government of India’s law enforcement and economic […]


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US regulator touts to ‘aggressively police’ crypto in new report

October 21, 2022

Via: Cointelegraph

The United States commodities regulator certainly doesn’t want to look like it’s going easy on crypto, revealing it was behind 18 separate enforcement actions targeting digital assets in the 2022 fiscal year. In an Oct. 20 report from the Commodity […]


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Report: Macau Discusses Bill That Proposes to Make Digital Currencies Legal Tender

October 17, 2022

Via: Bitcoin.com

Improving Macau’s Legal System An executive council of Macau, an autonomous region on China’s south coast, recently completed discussing the draft bill proposing to include digital forms of currency in its basket of financial instruments that are accepted as legal […]


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Draft Law Seeks to Oblige Kazakhstan’s Crypto Miners to Exchange Bulk of Income in Country

October 13, 2022

Via: Bitcoin.com

Parliament of Kazakhstan Votes on Bill Regulating Activities of Crypto Miners and Exchanges A draft law designed to create a regulatory framework for both the production and circulation of digital assets in Kazakhstan has been approved on first reading in […]


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Payment Systems Regulator New Proposal Gives APP Fraud Victims a Chance at Recovering Funds

October 7, 2022

Via: The Fintech Times

Salv commends the move by the PSR, which is expected to incentivise banks to focus more on protecting consumers against fraud. The regtech knows that it is possible to establish proper control mechanisms against APP fraud: the company’s proprietary collaborative […]