Hong Kong Monetary Authority provides update on proposed regulatory framework for payment-related stablecoins and upcoming crypto-asset guidance

The Hong Kong Monetary Authority (HKMA) has recently issued its Discussion Paper on Crypto-assets and Stablecoins, setting out the regulatory landscape globally and in other jurisdictions, as well as the current landscape in Hong Kong, and how it believes the Hong Kong regulatory framework should be expanded to cover payment-related stablecoins. Read more

Global FSR Outlook 2022: Anticipating change, being prepared

We are pleased to announce the launch of our Global FSR Outlook 2022. In this annual publication, our FSR team surveys the regulatory landscape for 2022 and identifies themes that we expect to be at the core of regulatory priorities globally over the next 12 months.
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Crypto firms – navigating the UK MLR registration regime

Since 10 January 2021, cryptoasset exchange providers and custodian wallet providers with operations in the UK have been required to register with, and be supervised for, anti-money laundering and counter terrorist financing (AML/CTF) purposes by the FCA. For crypto businesses which do not carry on any investment, payment services, e-money or other UK regulated business, this relatively limited regime is the main tool currently available to UK financial services regulators in this emerging sector. Read more

FCA’s data lead sets out the regulator’s data agenda

On 2nd November 2021, Jessica Rusu, the Chief Data, Information and Intelligence Officer at the Financial Conduct Authority (FCA) spoke at the Chief Data Officer Exchange for Financial Services forum. The speech provided a useful round-up of the FCA's focus on data across its operations and activities. Read more