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CRYPTO / DIGITAL ASSETS
AML / KYC
FATF President Calls on G7 to Act on Crypto Assets
By Editors | 19/05/2023
T Raja Kumar called on the G7 to “lead by example” in fully and effectively implementing the FATF Recommendations on crypto assets.
Crypto / Digital Assets
NY Fed, MAS Publish Results from Cross-Border Payments Study
By Editors | 19/05/2023
Each simulated payment scenario achieved end-to-end settlement in under thirty seconds on average using wholesale CBDCs.
Crypto / Digital Assets
HKMA Launches e-HKD Pilot Programme With 16 Firms
By Editors | 19/05/2023
HSBC, StanChart, BOCHK, CCB, ICBC, Hang Seng Bank, Alipay, Ripple, Visa, Mastercard and ZA Bank are among those involved in HKMA’s pilot.
Crypto / Digital Assets
GFMA Report Details How DLT Will Benefit Capital Markets
By Editors | 18/05/2023
The report calls for market participants to proactively shape the future use of DLT and for policymakers to provide greater regulatory clarity.
Big Picture
BIS Paper Identifies Gaps in Regulatory Frameworks for Crypto
By Manesh Samtani | 18/05/2023
The paper says authorities should consider regulations for utility tokens, governance tokens, DeFi actors, and crypto firms that resemble financial conglomerates.
Crypto / Digital Assets
Canvas Completes First FX Transaction Using Australian CBDC
By Sanday Chongo Kabange | 18/05/2023
The eAUD was traded for foreign currency stablecoin USDC, representing the first foreign exchange transaction using the RBA’s pilot CBDC.
Enforcement
US DOJ to Ramp Up Scrutiny of Crypto Platforms – Report
By Mark Johnston | 18/05/2023
The DOJ will pursue target crypto exchanges, mixers and tumblers that are enabling criminal actors to profit from their crimes.
AML / KYC
EU Council Formally Adopts New Legal Framework for Crypto
By Sanday Chongo Kabange | 17/05/2023
New rules under MiCA cover issuers of utility tokens, asset referenced tokens, stablecoins, service providers such as trading venues, and wallets where crypto-assets are held.
AML / KYC
EU Enters Trilogue Discussions on Proposed New AML Authority
By Mark Johnston | 17/05/2023
The new Anti-Money Laundering Authority would directly supervise high-risk financial entities and coordinate national authorities and FIUs.
Crypto / Digital Assets
US SEC Responds to Coinbase Request for Regulatory Clarity
By Editors | 16/05/2023
The SEC said it has no obligation to issue the “broad new regulations” for digital assets that Coinbase has requested.
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