The webinar gives a basic introduction to crypto regulation taking a look at key developments in international cryptocurrency markets, earlier than turning to FATF’s revised suggestions requiring the licensing of digital asset service suppliers (VASPs) which has resulted in new licensing regimes in member jurisdictions (together with Hong Kong). The webinar concludes with a take a look at a number of the newest proposals for stablecoin regulation.
#cryptoregulation #stablecoin #cryptohongkong
Timecodes:
00:00 Julia Charlton’s welcome speech
01:18 APPROACHES TO CRYPTO REGULATION
02:23 COORDINATED APPROACH
05: 24 CRYPTO ADOPTION
06:39 INSTITUTIONAL INTEREST
08:10 INTEREST OF TRADITIONAL FINANCIAL PLAYERS
09:20 CRYPTO ETFs
10:18 COUNTRIES ADOPTING BITCOIN AS LEGAL TENDER
10:46 DeFi & STABLECOINS
13:26 CBDCs
16:49 2022 CRYPTO MARKET CRASH
20:34 JAN 2022 – IMF’s GLOBAL FINANCIAL STABILITY NOTES ON CRYPTIC CONNECTIONS: SPILLOVERS BETWEEN CRYPTO AND EQUITY MARKETS
22:19 FEB 2022 – FSB’s ASSESSMENT OF RISKS TO FINANCIAL STABILITY FROM CRYPTO-ASSETS
26:50 JULY 2022 – FSB STATEMENT ON INTERNATIONAL REGULATION & SUPERVISION OF CRYPTO-ASSET ACTIVITIES
28:40 DEC 2021 – BANK FOR INTERNATIONAL SETTLEMENTS – DeFi RISKS AND THE DECENTRALISATION ILLUSION
29:50 JULY 2022 BIS COMMITTEE ON PAYMENTS AND MARKET INFRASTRUCTURE AND IOSCO GUIDANCE
31:16 MARCH 2021 – OECD CONSULTATION ON CRYPTO-ASSET REPORTING FRAMEWORK AND AMENDMENTS TO THE COMMON REPORTING STANDARD
33:48 RISKS ASSOCIATED WITH CRYPTO
35:20 BENEFITS OF CRYPTO
36:47 FATF STANDARDS ON AML AND CFT
38:08 FATF REVISED TRAVEL RULE (RECOMMENDATION 16)
39:34 FATF DEFINITION OF VIRTUAL ASSETS
40:07 FATF DEFINITION OF VIRTUAL ASSET SERVICE PROVIDERS (VASPs)
40:56 OCTOBER 2021 FATF UPDATED GUIDANCE
41:27 DECENTRALISED FINANCE
42:55 PEER-TO-PEER TRANSACTIONS
44:08 STABLECOINS
45:51 NON-FUNGIBLE TOKENS (NFTs)
46:47 LICENSING AND REGISTRATION OF VASPS
47:29 TRAVEL RULE
49:26 TRENDS IN USE OF VIRTUAL ASSETS FOR ML/TF PURPOSES
50:16 RISK LANDSCAPE
52:08 FATF AND STABLECOINS
52:26 FATF RECOMMENDATIONS APPLICABILITY TO STABLECOINS
53:27 STABLECOIN REGULATION
54:50 HONG KONG – HKMA DISCUSSION PAPER ON CRYPTO-ASSETS AND STABLECOINS (JAN 2022)
56:49 JAPAN
57:59 US PRESIDENT’S WORKING GROUP ON FINANCIAL MARKETS’ REPORT ON STABLECOINS
58:54 UK’s FINANCIAL SERVICES AND MARKETS BILL
1:02:20 EU MiCA
Charltons Legislation Agency:
Julia Charlton:
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