Crypto / Digital Assets

Crypto / Digital Assets

Singapore Finalises Regulatory Framework for Stablecoins

By Ranamita Chakraborty | 15/08/2023

Stablecoin issuers will have to meet specific requirements on reserve assets, capital, liquid assets and disclosure to become licensed in Singapore.

Crypto / Digital Assets

US Prosecutors File Amended Indictment Against Sam Bankman-Fried

By Editors | 15/08/2023

The new indictment drops a campaign finance charge but includes an illegal campaign finance scheme as part of original fraud and money laundering charges.

Crypto / Digital Assets

MUFG, NTT Data Announce Partnership on Digital Corporate Bonds

By Editors | 14/08/2023

NTT Data will connect its corporate bond issuance infrastructure directly to MUFG’s Progmat platform for issuing security tokens.

Crypto / Digital Assets

SFC Grants ‘Approval In-Principle’ to HKVAX for Virtual Asset Trading

By Editors | 14/08/2023

Hong Kong’s SFC grants “in-principle” approval to HKVAX, the first given since the VATP licences granted to HashKey and OSL earlier this month.

Crypto / Digital Assets

Bank of Canada Discusses Potential Challenges of CBDC Adoption

By Editors | 14/08/2023

Consumers with unmet payment needs could only benefit from a CBDC if it is adopted widely by other consumers and merchants.

Crypto / Digital Assets

US Judge Revokes Bankman-Fried Bail for Witness Tampering

By Editors | 13/08/2023

Sam Bankman-Fried gave documents to journalists and tried to interfere with witnesses. He was taken to jail on Friday.

AML / KYC

RUSI Publishes Virtual Assets Risk Assessment Guide

By Editors | 12/08/2023

The guide offers a ‘virtual assets risk assessment framework’, as well as risk mitigation strategies and best practices.

Crypto / Digital Assets

US SEC to Settle Case Against Crypto Firm Bittrex for $24m

By Editors | 11/08/2023

Bittrex and its co-founder and former CEO agreed to settle the SEC case for $24mn. The firm previously said it was exiting the US market due to a lack of regulatory clarity.

AML / KYC

US Senators Reintroduce Digital Asset Anti-Money Laundering Act

By Editors | 10/08/2023

The bill, if enacted, would require firms to start reporting crypto transactions exceeding $10,000 after 18 months.