CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

US SEC Accepts Application from BlackRock to List Spot Bitcoin ETF

By Mark Johnston | 14/07/2023

The US SEC’s acceptance of BlackRock’s proposal marks the commencement of an official review of other Bitcoin ETF applications.

Crypto / Digital Assets

HDFC Bank Implements Interoperability between CBDC and UPI

By Editors | 13/07/2023

HDFC Bank customers with UPI IDs can use the QR code at retail shops to transfer funds directly from their CBDC wallets.

Crypto / Digital Assets

UK Treasury Consults on Digital Securities Sandbox

By Sanday Chongo Kabange | 13/07/2023

The proposed Digital Securities Sandbox will enable firms to test issuance and trading of digital securities.

Big Picture

BIS Releases Three Reports Covering Crypto, Stablecoins, CBDC

By Manesh Samtani | 13/07/2023

One report says explains why crypto assets are ill-suited to play a significant role in the monetary system. The other two discuss CBDC progress.

Crypto / Digital Assets

Korea Issues Guidelines on Crypto Accounting & Disclosures

By Sanday Chongo Kabange | 13/07/2023

The new guidelines seek to enhance accounting and disclosure requirements for companies that issue or hold virtual assets.

Crypto / Digital Assets

Woori Bank Caught Up in Crypto-related Embezzlement Scandal

By Sanday Chongo Kabange | 13/07/2023

On of Woori Bank’s employees embezzled about KRW 90 million and used it for personal investments in crypto.

Enforcement

Terra Co-Founder Daniel Shin Faces First Terra Hearing in Korea

By Mark Johnston | 13/07/2023

Daniel Shin and seven other Terra staff are accused of violating capital markets laws, making false representations, and causing the de-pegging of TerraUSD.

Crypto / Digital Assets

Korea Prosecutors to Form New Unit Dedicated to Crypto Crime

By Sanday Chongo Kabange | 12/07/2023

The new Virtual Asset Joint Investigation Unit will launch by the end of the month and focus on investigating crypto-related crime including fraud.

Crypto / Digital Assets

GDF Finalises Standards for Global Cryptoasset Market

By Manesh Samtani | 11/07/2023

Similar to the FX Global Code, the Standards include a “Statement of Commitment” form, allowing market participants to voluntarily sign up.