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By: Vince Turcotte, Director, Digital Assets, APAC, Eventus   Pathway to VASP Licensing This report serves as an update to Eventus’ white paper, Crypto Regulation in APAC: What to Expect in 2022, which was published in February 2022. The key focus of this paper is Hong Kong’s Anti-Money Laundering And Counter Terrorist Financing (Amendment) Bill 2022 […]

Originally published by FinTech Global   As 2022 continues to roll-on, there will be new challenges for companies to manage as they enter the second half of the year. What are some of the big regulatory developments to keep an eye on? The first half of the year saw a strong focus on sanctions, as

By Martina Rejsjo, Director of Regulatory Affairs, Eventus FINRA has issued Regulatory Notice 22-14 to propose a new regulatory reporting framework for over the counter (OTC) option transactions. OTC options are customized, bilateral transactions agreed upon directly by the parties to the option contracts, and many of the traded OTC options are identical in terms

Originally published by Financial Times   Plus, Coinbase’s tough year continues and job losses in a growing metaverse industry This week, we got a reminder of what happens when the grand decentralised crypto worldview meets the US sanctions regime. Spoiler alert: the US sanctions regime wins. The US Treasury’s target this week was Tornado Cash,

By Scott Leader, Managing Director, Asia Pacific, Eventus Market manipulation is a crime but catching crooks takes more than finding fibs online. In a first, the Australian Securities and Investments Commission (ASIC) secured a ‘pump-and-dump’ conviction for postings on social media in June 2022. Gabriel Govinda, who went by the social handle, Fibonarchery, pled guilty

Originally published by Finextra By Mike Castiglione, Director of Regulatory Affairs, Digital Assets Last year crypto got too big to ignore. This year’s downturn, coupled with several company implosions, is spurring a stronger focus on regulation. New regulations were coming even without the fall in crypto prices. Policymakers globally have put significant time and attention

Originally published by FinTech Global   Since the onset of the Russia-Ukraine war, the attention on sanctions – trade sanctions in-particular – has reached fever pitch. With more knowledge and focus on sanctions than ever before, what does this mean for their future? One of the biggest changes in the view of sanctions for many

Originally published by FinTech Global   The crypto industry has been on a white-knuckle rollercoaster over the last few years. Establishing a market presence back in 2013, the price of Bitcoin rose from just over $10,000 in 2017 to over $61,000 in October 2021. However, the market is now experiencing a bust. Was a failure