Crypto / Digital Assets

Crypto / Digital Assets

BIS Innovation Hub to Explore ‘Privacy by Design’ for CBDC

By Manesh Samtani | 07/03/2024

The BIS Innovation Hub and HKMA have launched Aurum 2.0, a project focused on building privacy features into CBDC systems.

Crypto / Digital Assets

Hong Kong: More Clarity Needed on Proposed OTC Crypto Regime

By Nithya Subramanian | 07/03/2024

Clarity is needed on the scope of activities captured by the regime, how stablecoins will fit into the regime, and how professional investors will be treated.

Crypto / Digital Assets

Montenegro Court Halts Extradition of Terra’s Do Kwon to US

By Sanday Chongo Kabange | 06/03/2024

Do Kwon’s case will be retried because of procedural issues over who between the US and South Korea was first to request his extradition.

AML / KYC

Financial Crime Compliance Costs Grow in APAC: Study

By Nithya Subramanian | 06/03/2024

A study from LexisNexis Risk Solutions finds the higher costs are attributed to technology, labour, and the growing use of crypto and AI tech for illicit activities.

Sanctions

BRICS Nations to Create Blockchain-based Payment System

By Editors | 05/03/2024

The move aimed at increasing the role of the BRICS in the international monetary system and reducing reliance on US dollars.

Crypto / Digital Assets

Deutsche Börse Launches Institutional Crypto Trading Platform

By Editors | 05/03/2024

Trading on the Deutsche Börse Digital Exchange will initially take place on an RfQ basis, followed by multilateral trading.

AML / KYC

Vietnam to Develop Legal Framework for Crypto by 2025

By Sanday Chongo Kabange | 05/03/2024

The government has directed the Ministry of Finance to develop a legal framework for banning or regulating virtual assets.

Crypto / Digital Assets

Taiwan to Propose Draft Crypto BIll in September

By Mark Johnston | 05/03/2024

The bill aims to create comprehensive regulations for the crypto industry, improve investor protections, and address risks to the traditional financial system.

Crypto / Digital Assets

Australia: CBA Users Critical of Limits on Crypto-related Transfers

By Sanday Chongo Kabange | 05/03/2024

The A$10,000 monthly limit is intended to keep customers safe from fraud and scams, the bank said.