From Lexology

Sanctions compliance for the crypto world

Increased use of virtual currency as a payment method brings greater exposure to sanctions risks, whether in respect of UN and trade sanctions or…

20 October 2021

Coinbase proposes regulatory framework for digital assets

Coinbase's proposal is one of a number of approaches to digital asset regulation intended to address the exponential growth in the digital asset…

15 October 2021

Is crypto a risk to financial stability?

Do cryptoassets pose a risk to the stability of the UK's financial system? In a speech published on 13 October, Sir Jon Cunliffe, Deputy Governor for…

14 October 2021

Can regulatory recognition arrangements help the UK financial services industry?

Two recent papers from industry bodies have pressed the case for regulatory recognition arrangements to ease regulatory burdens. TheCityUK (TCUK) has…

13 October 2021

The continuity of Bank Indonesia’s regulatory blueprint on payment system

In July 2021, Bank Indonesia enacted two new regulations: Bank Indonesia Regulation No. 23/6/PBI/2021 on Payment System Providers (“PJP Regulation”)…

11 October 2021

Bank of Lao PDR issues instruction on converting foreign exchange stores into commercial bank representatives

On 2 August 2021, the Monetary Policy Department, Bank of Lao PDR ("BOL") issued Instruction No. 878/MPD on the Transferring Foreign Exchange Stores…

08 October 2021

Does China’s ban on crypto trading and mining mean the end of Bitcoin and crypto?

Almost certainly not, no. However, this move does once again highlight the volatility of cryptocurrencies with Bitcoin plunging 10% on the…

07 October 2021

Spotlight on the future of outsourcing in the UAE’s financial services sector

In our ‘Spotlight on’ series, we’ve been exploring operational resilience and third-party risk management within financial institutions (FIs)…

07 October 2021

IMF Senior Executives Warn of Financial Stability Risks Posed by "Crypto Boom"

In an International Monetary Fund ("IMF") blog post, IMF senior executives warned of the risks to financial stability from "cryptoization." The…

06 October 2021

Global trade associations caution BCBS against "overly conservative" cryptoasset regulation

The Global Financial Markets Association, the Financial Services Forum, FIA, the Institute of International Finance, ISDA and the Chamber of Digital…

21 September 2021

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