CRYPTO / DIGITAL ASSETS

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    Fintech / Regtech

    MAS to Exempt Some Market Operators from ACH/RCH Rules

    By Editors | 10/09/2023

    The exemption applies to platforms that provide services to facilitate trading and settlement, but don’t actually act as a central counterparty of clear or settle trades centrally.

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    Crypto / Digital Assets

    Fourth Former FTX Executive Pleads Guilty to US Charges

    By Editors | 10/09/2023

    The former co-chief of FTX Bahamas pleaded guilty to making unlawful political donations and operating an illegal money-transmitting business.

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    Crypto / Digital Assets

    CFTC Commissioner Urges Creation of Crypto Regulatory Sandbox

    By Manesh Samtani | 10/09/2023

    CFTC commissioner Caroline Pham said creating a pilot programme will enable the safe exploration of innovations involving crypto, digital assets, and tokenisation.

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    Crypto / Digital Assets

    DeFi Unlikely to Be Used for Real-world Assets: BIS Paper

    By Manesh Samtani | 10/09/2023

    BIS paper examines the problems associated with oracles, which collect and disseminate data for use in DeFi smart contracts.

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    Crypto / Digital Assets

    UK FCA Issues Guidance on New Crypto Advertising Rules

    By Manesh Samtani | 10/09/2023

    The FCA is “concerned” about crypto firms that have not engaged with it on the new advertising rules, which come into force next month.

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    Crypto / Digital Assets

    BSP Announces Key Technology Decision for CBDC Pilot

    By Sanday Chongo Kabange | 10/09/2023

    Participating financial institutions will test the use of wholesale CBDC technology alongside PhilPaSSplus in a sandbox environment.

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    Crypto / Digital Assets

    Turkish Court Sentences Crypto Founder to 11,000 Year Jail Term

    By Mark Johnston | 08/09/2023

    The founder of Thodex and his two siblings were sentenced for fraud, money laundering and leading a criminal organisation.

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    Crypto / Digital Assets

    IOSCO Proposes Global Approach to Address DeFi Risks

    By Manesh Samtani | 08/09/2023

    The recommendations are predicated on the need to identify “responsible persons”, regardless of the operating model of the DeFi arrangement.

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    Crypto / Digital Assets

    FSB, IMF Publish Global Regulatory Roadmap for Crypto

    By Manesh Samtani | 08/09/2023

    The joint report says comprehensive regulatory and supervisory oversight of crypto-assets should be a baseline to address macroeconomic and financial stability risks.

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    Crypto / Digital Assets

    RBI Seeking to Develop More Use Cases for CBDC

    By Editors | 07/09/2023

    The RBI plans to start allowing the use of CBDC in the call money market, which is used for short-term interbank borrowing.

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