Crypto / Digital Assets

Crypto / Digital Assets

NYAG Announces $22m Settlement With Crypto Firm KuCoin

By Editors | 13/12/2023

KuCoin is required to refund more than USD 16.7 million to New York investors and pay more than USD 5.3 million to the state.

Crypto / Digital Assets

Taiwan FSC to Form New Financial Technology Bureau

By Editors | 13/12/2023

The new bureau, operating alongside the FSC’s four other bureaus, will be charged with regulating and supervising the crypto sector.

Fintech / Regtech

Thailand SEC Unveils 2024-2026 Strategic Plan

By Editors | 12/12/2023

The plan seeks to boost trust in the capital market, promote the sustainable finance and digital asset ecosystems, and enhance supervisory and enforcement processes.

Crypto / Digital Assets

FSC Korea Proposes Rules to Protect Virtual Asset Users

By Manesh Samtani | 12/12/2023

VASPs must store at least 80% of customers’ virtual assets in cold wallets, purchase liability insurance, hold reserves, and monitor for abnormal transactions.

Enforcement

Binance’s CZ Zhao Now Required to Remain in US Until Sentencing

By Editors | 11/12/2023

Initially, a magistrate judge appeared to be allowing Zhao to leave the US until his sentencing hearing in February. A district court judge has reversed this ruling.

Market Infrastructure

RBI in Talks With HK, US on Cross-border CBDC Payments

By Ajoy K Das | 08/12/2023

The RBI has set up a working group to create a roadmap for settling international remittances using CBDCs.

Crypto / Digital Assets

Taiwan Considers Platform Design for Possible Future CBDC

By Editors | 08/12/2023

Taiwan’s central bank has completed a wholesale CBDC feasibility and technology study but has not yet decided whether to introduce a CBDC.

Capital / Liquidity

BCBS Says it Will Launch Three New Consultations

By Manesh Samtani | 08/12/2023

The consultations will deal with the standards for crypto assets, interest rate risk in the banking book, and window-dressing by G-SIBs.

Crypto / Digital Assets

Singapore, China Announce New Bilateral Cooperation Agreements

By Manesh Samtani | 08/12/2023

The agreements include a cross-border e-CNY pilot, a possible PayNow-UnionPay linkage, and an MoU between SGX and GFEX.