Crypto / Digital Assets

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.

Crypto / Digital Assets

US Indicts Moroccan for Crypto and NFT Spoofing Scam

By Mark Johnston | 11/07/2023

A Moroccan man is accused of stealing cryptocurrency and NFTs by creating a fake OpenSea website.

Crypto / Digital Assets

BIS Study: 24 Central Banks to have CBDCs by 2030

By Jill Wong | 11/07/2023

A BIS study found 24 central banks would have their own digital currencies in circulation by 2030.

Crypto / Digital Assets

BIS Issues Security and Resilience Framework for CBDC Systems

By Manesh Samtani | 10/07/2023

The framework offers a seven step model to guide central banks in designing, implementing and operating secure and resilient CBDC systems.