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Capital / Liquidity
APRA Directs Banks to Declare Links to Crypto Firms
By Sanday Chongo Kabange | 23/03/2023
APRA has asked banks to declare and report their business ties to crypto firms and start-ups, which worry increased supervision will make it harder to access financial services.
Crypto / Digital Assets
Eurex to Launch Europe’s First Bitcoin Futures Contract
By Editors | 23/03/2023
The contract, developed in partnership with FTSE Russell and Digital Asset Research, will launch on 17 April 2023.
Crypto / Digital Assets
US Authorities Consider Taxing NFTs as Collectibles
By Editors | 23/03/2023
Under the US tax code, collectibles are subject to a 28% capital gains tax rate, compared to 20% for stocks, bonds and cryptocurrencies.
Enforcement
US SEC Simultaneously Charges Crypto Founder, Eight Celebrities
By Editors | 23/03/2023
Tron founder Justin Sun sold unregistered securities to US investors, manipulated TRX and BTT markets, and paid celebrities to tout the offerings without disclosing their compensation.
Crypto / Digital Assets
Stablecoin Reserves Should be Held at Central Banks: Circle
By Editors | 22/03/2023
Circle is seeking to be able to hold USD reserves with the Fed rather than with various financial partners. In the long run, a wholesale CBDC could be used.
Crypto / Digital Assets
Crypto Firms Looking to Set Up in Hong Kong: Christopher Hui
By Editors | 22/03/2023
Between October and February, 80 virtual asset-related companies have expressed interest in establishing a presence in Hong Kong.
Crypto / Digital Assets
Korean Prosecutors Probe “Illegal” Crypto Token Listings
By Editors | 22/03/2023
A Bithumb executive, former Coinone employee, and other crypto exchanges are said to have illegally listed crypto tokens on their platforms.
Crypto / Digital Assets
Taiwan Cabinet to Expand FSC’s Remit to Crypto Sector
By Editors | 22/03/2023
The FSC will focus on the segregation of customer assets at crypto exchanges, the supervision of token listings, and customer protection.
Crypto / Digital Assets
Korea: Ex-Coinone Executive Arrested Over Crypto Listings
By Editors | 21/03/2023
The former executive allegedly almost $1.5mn from brokers to list a specific cryptocurrency on the Coinone trading platform.
Crypto / Digital Assets
Mastercard Working on Integration to Enable Stablecoin Spending
By Sanday Chongo Kabange | 21/03/2023
The Mastercard-Stables project will allow users to spend stablecoin balances on everyday purchases without first converting it to fiat.
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