CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Third Phase of CBDC Project “Helvetia” Gets Underway

By Manesh Samtani | 01/12/2023

The pilot programme allows participating banks to settle digital bonds and repo transactions against wholesale CBDC on a DvP basis.

Crypto / Digital Assets

Cyber Security is a Key Risk for CBDCs: BIS Paper

By Manesh Samtani | 01/12/2023

The report points to potential gaps in central banks’ internal capabilities and skills as a “key risk”.

Crypto / Digital Assets

US Treasury Lobbies for Powers to Pursue Foreign Crypto Firms

By Editors | 30/11/2023

Deputy Secretary Wally Adeyemo said Treasury is calling for legislation authorising OFAC to exercise extraterritorial jurisdiction over transactions in USD-pegged stablecoins.

Crypto / Digital Assets

More Foreign Banks Join China’s CBDC Pilot Initiative

By Manesh Samtani | 30/11/2023

HSBC, Hang Seng Bank, Fubon Bank and Standard Chartered are participating in China’s CBDC pilot initiative.

Crypto / Digital Assets

BIS Publishes Findings from CBDC Project to Address Privacy, Security

By Manesh Samtani | 30/11/2023

The report says Project Tourbillon shows that it is feasible to implement payer anonymity and “quantum-safe blind signatures”.

Crypto / Digital Assets

The Boiling Frog: Finfluencers in the Investment Management Industry

By Pankaj Sharma | 29/11/2023

Pankaj Sharma and Phoebe Chan discuss the complexities of regulating financial promotions online, finfluencers in particular, and offer recommendations.

Crypto / Digital Assets

Crypto Firm Zipmex Suspends Operations Due to Capital Shortfall

By Editors | 29/11/2023

Thailand’s laws require digital assets businesses to suspend business operations if they are unable to maintain the net liquid capital requirement.

Crypto / Digital Assets

Lessons ‘The Wealth of Nations’ Holds For DeFi 

By Jill Wong | 29/11/2023

DeFi is a disruption to markets built on financial intermediaries. How does Caspar Sauter apply traditional economic principles to running a DEX?

Crypto / Digital Assets

FSB Warns of Risks from Multi-function Crypto-Asset Intermediaries

By Manesh Samtani | 29/11/2023

The FSB calls for cross-border cooperation and enhanced information sharing to help regulate and supervise multi-function crypto-asset intermediaries operating globally.