Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31
From El Salvador and Lugano’s collaboration to yet another lawsuit against Do Kwon, this is what the last week in regulation looked like. Go to Source Powered by WPeMatico
Singapore
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Singapore’s MAS says no urgent case for retail CBDC, but launches 4 fast trials of it
The Monetary Authority of Singapore will trial a retail central bank digital currency in various contexts at a fintech event, despite the electronic payment options already available. Go to Source Powered by WPeMatico
EU crypto sanctions against Russia has an unexpected enforcer
The Monetary Authority of Singapore says crypto exchanges in the country must comply with financial sanctions against Russia. Go to Source Powered by WPeMatico
Terra co-founder Do Kwon faces $57-million lawsuit in Singapore
The lawsuit alleged Kwon and others made fraudulent claims on UST “either well knowing that they were false and untrue, or recklessly not caring whether they were true or false.” Go to Source Powered by WPeMatico
Singapore Police Received 631 Cryptocurrency Scam Reports in 2021, Government Says
The government of Singapore has revealed the number of crypto scams reported to the police in the past three years. “The vast majority of cryptocurrency scams are perpetrated by scammers based outside Singapore. As such, there is a limit to how much law enforcement agencies in Singapore can do,” said Singapore’s minister for home affairs. … Read more
Singapore Seeks to Reduce Risks for Retail Crypto Investors With Restrictive Rules
Financial authorities in Singapore have proposed new regulations designed to protect consumers from risks associated with cryptocurrency investment and trading. The measures, which also aim to expand regulations for stablecoins, will be discussed with the industry before their adoption. Singapore Prepares to Tighten Cryptocurrency Regulations, Limit Public Access to Digital Assets The Monetary Authority of … Read more
Singapore MAS proposes to ban cryptocurrency credits
Crypto service providers should not provide any credit facility or accept payments from credit cards from their customers, the MAS suggested. Go to Source Powered by WPeMatico
HK and Singapore’s mega-rich are eyeing crypto investments: KPMG
Despite the ongoing bear market, family offices and high-net-worth individuals in Hong Kong and Singapore are keen to invest in crypto or already have holdings. Go to Source Powered by WPeMatico
Interpol Team Based in Singapore to Help Countries Combat Crypto Crime
A special team established by Interpol in Singapore will assist governments around the world in the fight against crimes involving virtual assets, the international police body announced ahead of its general assembly in India. Cryptocurrency and cybercrime will be the main focus of the forum. Interpol Sets Up Unit to Tackle Crypto-Related Crimes, Top Executive … Read more
Interpol reportedly creates dedicated unit to fight crypto crimes
Law enforcement agencies are “very often” not properly trained or equipped to track crypto crimes, Interpol secretary general Jürgen Stock said. Go to Source Powered by WPeMatico