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Hong Kong’s SFC to include non-security tokens in new crypto proposal

The Hong Kong Securities and Futures Commission is preparing to introduce a new regulatory regime for virtual asset trading platforms that would bring non-security tokens within its remit.

21 February 2023

Foreign banks ensnared in SEC’s crypto custody crackdown

The US Securities and Exchange Commission has announced proposals to tighten cryptoasset custodian regulations, including on foreign banks operating in the US.

20 February 2023

Two fifths of firms have no EMIR Refit plan, report finds

Many firms are “behind the curve” on preparedness for the European Market Infrastructure Regulation’s Refit, a survey of transaction reporting decision-makers has found – with two fifths still without an action plan in place.

20 February 2023

Report: Security token issuance “possible” under English law without new legislation

The existing English legal system could accommodate security token issuance and transfer without “statutory intervention”, a UK government-backed group has said.

17 February 2023

Shaken by FTX, FSB raises alarm over DeFi risks

The Financial Stability Board has promised action to tackle the vulnerabilities of decentralised finance, becoming the latest global body to outline its concerns over DeFi risks since the collapse of FTX.

17 February 2023

Three years on from Brexit: a few hits, and many misses. So what’s to come?

While Brexit is yet to deliver the bombastic deregulatory hopes of “Big Bang 2.0”, that’s probably for the best, argue ACA group directors Andrew Poole and Charlotte Longman.

16 February 2023

FCA to get sweeping BNPL powers

The UK government has released its long-awaited plans for legislation on the regulation of the growing buy now pay later (BNPL) sector, into which several major UK banks piled into at the end of 2022.

16 February 2023

BoE folds wholesale CBDC into RTGS revamp

The Bank of England has announced its roadmap for a revamp of its real time gross settlement service, folding its ambitions for a wholesale CBDC into the plans.

15 February 2023

OCC bank merger talks hint at stricter deal approval processes

At the Office of the Comptroller of the Currency’s (OCC) bank merger symposium, the regulator’s chief counsel hinted that bank deals may undergo greater scrutiny to obtain regulatory approvals, while a Republican Federal Reserve governor raised concerns over the prolonged nature of the existing approval process.

15 February 2023

Dubai’s VARA releases “remarkably detailed” activity-specific virtual assets regulatory regime

The world’s first dedicated crypto regulator, Dubai’s Virtual Assets Regulatory Authority, has released a virtual asset regulation regime tailored to licensees’ individual activities.

14 February 2023

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