Topic
Virtual Assets
140 published works
Shufti Pro Blog
MFSA, SEC, Along with FCA Introduces New AML Guidelines for Money Laundering Officers and Virtual Asset Service Providers
By Richard M.
The Malta Financial Services Authority (MFSA), Securities and Exchange Commission (SEC), and Financial Conduct Authority have developed a new set of anti-money laundering guidelines for Money Laundering Reporting Officers [MLROs]…
Global Regulation Tomorrow
FSTB launches consultation on the proposed licensing regime for providers of OTC VA trading services
By Etelka Bogardi (HK), Conrad Lam
On 8 February 2023, the Financial Services and the Treasury Bureau (FSTB) launched a consultation on legislative proposals to introduce a licensing regime to regulate providers of over the counter…
Global Fintech & Digital Assets Blog
Hong Kong Proposes Regulation of Over-the-Counter Crypto Trading
The requirements in the proposed framework are more extensive in scope and reach than what many virtual asset industry stakeholders anticipated. By Simon Hawkins and Adrian Fong On 8 February…
Global Regulation Tomorrow
Updated SFC and HKMA guidance for intermediaries’ on VA-related activities and circular on SFC-authorised VA funds
By Etelka Bogardi (HK), Conrad Lam
Background On 22 December 2023, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) issued an updated joint circular on intermediaries’ virtual asset-related activities (Joint Circular)…
Shufti Pro Blog
UAE Strengthens AML Measures to Bolster Virtual Asset Framework
By Richard M.
The UAE’s anti-money laundering and counter-terrorism financing department stated it continues bolstering the security system to regulate crypto firms and raise the operation of virtual assets in the country’s secure…
Shufti Pro Blog
SEC Move Ahead with Regulation of Virtual Assets Service Providers (VASPs)
By Richard M.
Ghana’s Security Exchange Commission (SEC) has begun endorsing plans to regulate the crypto industry in order to minimise investors’ financial loss risk and combat money laundering. The SEC moved ahead…
Shufti Pro Blog
Coinbase Attorney Urges SEC to Announce Crypto Rules
By Richard M.
Coinbase’s attorney forced the Securities and Exchange Commission (SEC) to announce a transparent set of rules for cryptocurrency wallets, trading, and exchange platforms so that visual asset service providers can…
Shufti Pro Blog
UAE Endorses Legal Framework for Unlicensed Virtual Asset Platforms
By Richard M.
The United Arab Emirates (UAE) issued new strict anti-money laundering regulations for unlicensed virtual asset service providers to combat cyber financial crimes. According to UAE regulatory authorities, the latest obligations…
Global Fintech & Digital Assets Blog
Hong Kong Regulators Update Guidance for Intermediaries’ Virtual Asset-Related Activities
Revamped SFC and HKMA guidance applies to intermediaries that distribute products or provide dealing, advisory, and asset management services related to virtual assets. By Simon Hawkins and Adrian Fong On…
Global Regulation Tomorrow
Updated SFC and HKMA guidance for intermediaries and banks on virtual asset-related activities
By Etelka Bogardi (HK), Conrad Lam
Background On 20 October 2023, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) issued an updated joint circular on intermediaries’ virtual asset-related activities (Joint Circular)…