From Lexology

The evolving regulation of crypto-currencies and crypto-assets

The news that footballer, Lionel Messi’s financial package at French soccer club Paris Saint-Germain includes crypto fan tokens has caused a stir in…

08 September 2021

OCC proposes rescission of 2020 CRA rulemaking

The OCC formally proposed to rescind the June 2020 rulemaking that amended regulations implementing the Community Reinvestment Act ("CRA") for…

08 September 2021

Mexico's new anti-money laundering reporting requirements for foreign crypto platforms

There has been much discussion about whether foreign cryptocurrency exchanges and other crypto platforms that facilitate transactions with crypto assets located abroad should comply with the Federal Law for the Prevention and Identification of Operations with Resources of Illicit Origin. This discrepancy has led to some foreign platforms reporting vulnerable activities relating to user transactions located in Mexico and other platforms not reporting such activities.

31 August 2021

Nicaragua: amendments to financial and banking regulations

On August 24, 2021, the Nicaraguan Parliament approved amendments to the General Banking, NonBanking Financial Institutions and Financial Groups Law…

26 August 2021

Indonesia: new regulations attempt to level playing field for conventional banks amid fintech boom

Consumer interest and demand for financial services are moving in step with developments in technology. Today’s consumer demand for fast, easy, and…

26 August 2021

Turkey is paving the way for digital-only banks’ legal infrastructure

Turkey is preparing the regulatory landscape relating to digital-only banks (“digital banks”) and banking as a service (“BaaS”), of which are business…

24 August 2021

CFTC Commissioner Stump explains CFTC's authority over digital assets

CFTC Commissioner Dawn D. Stump outlined the CFTC's regulatory and enforcement authority with respect to digital assets. Ms. Stump explained that the…

23 August 2021

Vietnam Leads Cryptocurrency Adoption

In the last few days, it’s been hard to ignore the fact that (according to this VN Express article) Vietnam leads the world in cryptocurrency…

23 August 2021

NEW ZEALAND: Climate related disclosure - the first step in the right direction?

The Financial Sector (Climate-related Disclosure and Other Matters) Amendment Bill (Bill) passed its first reading on 15 April 2021, and we are due to…

11 August 2021

EBA launches public consultation on draft regulatory technical standards (RTS) to identify shadow banking entities for the purposes of reporting large exposures

On 26 July 2021, the European Banking Authority (EBA) launched a public consultation on regulatory technical standards (RTS) to set out several…

09 August 2021

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