Crypto / Digital Assets

Crypto / Digital Assets

Binance, KuCoin to Return to India as Compliant Crypto Exchanges

By Ajoy K Das | 19/04/2024

Binance will pay a $2mn penalty and return to India as a registered firm. Kucoin announced its return last month.

Crypto / Digital Assets

Two US Senators Propose New Payment Stablecoin Bill

By Mark Johnston | 19/04/2024

The proposed legislation would impose registration and operational requirements on stablecoin issuers, and require them to publicly disclose their reserve assets.

Crypto / Digital Assets

SDAX Launches Securitised Gold Tokens in Singapore

By Nithya Subramanian | 19/04/2024

The securitised tokens allow accredited investors to gain gold exposure without having to physically store the metal.

Crypto / Digital Assets

UK Banks Launch Digital Money Experimental Phase

By Editors | 19/04/2024

Barclays, Citi, HSBC, and Lloyds are among those that have signed up to experiment with the so-called ‘Regulated Liability Network’.

Crypto / Digital Assets

RBNZ Consults on Design Options for ‘Digital Cash’

By Sanday Chongo Kabange | 17/04/2024

The RBNZ is seeking feedback on its judgments and design options for digital cash, which would be designed as a general-purpose CBDC.

Crypto / Digital Assets

HKMA Issues Risk Management Guidance for DLT Adoption

By Sanday Chongo Kabange | 17/04/2024

The guidance covers DLT network and smart contract design and governance, the associated risks, and the need for interoperability.

Crypto / Digital Assets

Three Crypto Firms Enter Into Liquidation in Australia

By Editors | 16/04/2024

A$55mn worth of assets belonging to a crypto fund operator have been frozen by court order, after investors became concerned about the fund’s management.

Enforcement

ASIC Commences Proceedings Against Blockchain Mining Companies

By Editors | 16/04/2024

The companies, without an AFS licence, encouraged investors to set up self-managed superannuation funds to then invest in blockchain mining packages and crypto.

Crypto / Digital Assets

SFC Grants First In-Principle Approvals to Spot Crypto ETFs

By Editors | 15/04/2024

At least three firms have received conditional approval to launch spot bitcoin and ether ETFs and are now expected to file listing applications.