Crypto / Digital Assets

Basel Institute on Governance “Cautiously Optimistic” Regarding Crypto Risks

By Mark Johnston | 23/11/2023

Criminal funds flowing through blockchains are “decreasing constantly” as a proportion of total value. Regulations in the world’s financial centres are becoming stronger.

Crypto / Digital Assets

Canada Starts Consultations on Crypto Asset Disclosure by Banks

By Mark Johnston | 23/11/2023

Canada’s banking regulator is seeking feedback on proposals to align with the BCBS framework for crypto asset disclosures.

Crypto / Digital Assets

New Zealand Crypto Firm Launches NZD Stablecoin

By Editors | 23/11/2023

Easy Crypto and Labrys said the NZDD will be backed 1:1 with cash in trust and regulated by the FMA.

Crypto / Digital Assets

OKX Becomes First Crypto Major to Lodge SFC Licence Application

By Manesh Samtani | 22/11/2023

OKX, the world’s third-largest crypto exchange by 24-hour trading volume, is the seventh firm to apply for a Hong Kong VATP licence.

Crypto / Digital Assets

KoFIU Outlines Expectations for VASPs Facing Business Closure

By Editors | 22/11/2023

VASPs planning to terminate their services should give users at least one month notice and ensure users’ assets are protected.

Crypto / Digital Assets

‘Standardisation’ Key to Regulating Tokenised Financial Assets

By Jill Wong | 22/11/2023

The tokenisation of financial assets should be guided by regulations that emphasise the ability to predict cash flows, says Ralf Kubli of the Casper Association.

Crypto / Digital Assets

ICMA Offers Analysis of Risk Disclosures Used to Issue DLT-based Bonds

By Editors | 22/11/2023

The analysis identifies additional risk factors that feature in bond offering documents to address risks specific to the use of DLT.

AML / KYC

US Authorities Secure Multi-Billion Dollar Settlement from Binance

By Editors | 21/11/2023

Binance CEO Changpeng Zhao stepped down as part of the settlement with DOJ, FinCEN, OFAC and CFTC. SEC case not mentioned.

Crypto / Digital Assets

Japan FSA Amends Crypto Rules to Address Group Risks

By Manesh Samtani | 21/11/2023

Crypto exchanges with overseas parent companies will have to disclose additional information, particularly if common systems are used.

Crypto / Digital Assets

SEC Charges Crypto Firm Kraken for Operating Without Registration

By Editors | 21/11/2023

The SEC said Kraken’s failure to register deprived investors of “significant protections” and “safeguards against conflicts of interest”.

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