CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Montenegro Court Approves Extradition of Terra Founder

By Mark Johnston | 27/11/2023

The court said both South Korea and the US have met Montenegro’s legal requirements for Do Kwon’s extradition.

Crypto / Digital Assets

UK Funds Can Start Tokenising Funds, FCA Confirms

By Mark Johnston | 25/11/2023

In this initial stage, FCA authorised funds can implement tokenisation using a “baseline approach”, provided they meet certain characteristics.

Enforcement

Binance Founder Allowed to Return to UAE Until Sentencing

By Mark Johnston | 24/11/2023

The DOJ has appealed the decision to allow Changpeng Zhao to leave the US until sentencing on 23 February 2024.

Crypto / Digital Assets

MAS to Phase in New Crypto Rules Starting Mid-2024

By Editors | 23/11/2023

The rules cover business conduct, technology risks, and consumer access. Crypto assets can be counted towards accredited investor net worth calculations.

Crypto / Digital Assets

Korea Reveals New Details on CBDC Pilot Programme

By Editors | 23/11/2023

The plans were announced during a visit to Korea by Agustin Carstens, general manager of the BIS, which is providing technical support for Korea’s CBDC testing.

Crypto / Digital Assets

Basel Institute on Governance “Cautiously Optimistic” Regarding Crypto Risks

By Mark Johnston | 23/11/2023

Criminal funds flowing through blockchains are “decreasing constantly” as a proportion of total value. Regulations in the world’s financial centres are becoming stronger.

Crypto / Digital Assets

Canada Starts Consultations on Crypto Asset Disclosure by Banks

By Mark Johnston | 23/11/2023

Canada’s banking regulator is seeking feedback on proposals to align with the BCBS framework for crypto asset disclosures.

Crypto / Digital Assets

New Zealand Crypto Firm Launches NZD Stablecoin

By Editors | 23/11/2023

Easy Crypto and Labrys said the NZDD will be backed 1:1 with cash in trust and regulated by the FMA.

Crypto / Digital Assets

OKX Becomes First Crypto Major to Lodge SFC Licence Application

By Manesh Samtani | 22/11/2023

OKX, the world’s third-largest crypto exchange by 24-hour trading volume, is the seventh firm to apply for a Hong Kong VATP licence.