CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

FASB Votes to Adopt New Crypto Accounting Standard

By Manesh Samtani | 07/09/2023

Under the new rules, companies will be required to measure crypto assets using fair value accounting, instead of the existing cost-less-impairment model.

Crypto / Digital Assets

Korea: Hana Bank, BitGo to Jointly Develop Crypto Custody Business

By Editors | 07/09/2023

Hana Bank says the custody business will help strengthen trust in the domestic digital asset market and reinforce consumer protection.

Crypto / Digital Assets

UK Completes Discovery Phase of ‘Regulated Liability Network’

By Editors | 06/09/2023

In the next phase, a PoC will continue testing the Regulated Liability Network for consumer domestic payments involving retail CBDC.

Crypto / Digital Assets

MAS Grants RMO Licence to Digital Asset Exchange AsiaNext

By Editors | 06/09/2023

AsiaNext, formed in 2021 as a joint venture between SBI Digital Asset Holdings and SIX Group, will cater exclusively to institutions.

Crypto / Digital Assets

WFE Publishes Research on Exchange Engagement with Crypto Market

By Manesh Samtani | 06/09/2023

WFE survey found that almost half of the respondent exchanges already offer some crypto-related product or service in response to mostly retail demand.

Capital / Liquidity

FSB Warns of ‘Further Shocks’ in G20 Progress Update

By Manesh Samtani | 06/09/2023

The update also discusses the FSB’s work to address NBFI risks, implement its recommendations on crypto regulations, and respond to climate-related risks.

Crypto / Digital Assets

Australia: Senate Committee Rejects Andrew Bragg Crypto Bill

By Manesh Samtani | 05/09/2023

The committee said consultations planned by the government are the most appropriate way to develop a regulatory framework for digital assets.

Crypto / Digital Assets

LSEG to Push Forward Plans to Develop Digital Markets Business

By Editors | 05/09/2023

LSEG has been exploring a possible blockchain-powered trading venue for about a year and has now reached an “inflection point”.

Crypto / Digital Assets

Japan FSA Asks Government to Review Crypto Tax Policy

By Editors | 04/09/2023

The FSA is seeking a review of the existing requirement for companies to pay tax on unrealised crypto gains.