CRYPTO / DIGITAL ASSETS

Capital / Liquidity

BCBS Adds New Monitoring Dashboard for Banks’ Crypto Exposures

By Editors | 03/03/2023

In the first six months of 2022, cryptoassets under custody at banks declined 66 percent, largely due to fewer banks participating in the exercise.

Crypto / Digital Assets

RBA Selects Use Cases to be Tested in Live CBDC Pilot

By Manesh Samtani | 03/03/2023

ANZ is involved in four case proposals; CBA is involved in two. Mastercard and Cuscal propose to use CBDC to enable consumers to buy NFTs.

Crypto / Digital Assets

Korea FSS is Investigating Crypto Staking Services – Reports

By Editors | 02/03/2023

The FSS has asked at least three crypto exchanges for data related to crypto staking services.

Crypto / Digital Assets

Korea to Address Phishing Scams Targeting Crypto Assets

By Editors | 01/03/2023

Planned legislative changes will include crypto-related phishing scams under the existing law on telecommunications-based financial fraud.

Crypto / Digital Assets

AIMA Publishes New Due Diligence Questionnaires for Digital Assets

By Editors | 01/03/2023

The DDQs are primarily designed for investors to evaluate investment and operational risks associated with allocations to digital asset investment funds.

Crypto / Digital Assets

Third FTX Executive Pleads Guilty to US Fraud Charges

By Manesh Samtani | 01/03/2023

Nishad Singh created the software code that allowed FTX customer funds to be diverted to the Alameda Research hedge fund.

Crypto / Digital Assets

Class Action Alleges Banks, VC Firms Were Complicit in FTX Fraud

By Manesh Samtani | 01/03/2023

The lawsuit seeks damages from four banks, one banking executive, ten investment firms, a law firm, and two accounting firms.

Crypto / Digital Assets

SFC Authorises HashKey to Conduct OTC Crypto Trades

By Editors | 01/03/2023

The approval allows HashKey to act as an intermediary to facilitate trades between parties including for unlisted tokens.

AML / KYC

FATF Agrees Roadmap to Strengthen Adoption of Crypto AML Standards

By Editors | 28/02/2023

The roadmap will include a stocktake of steps taken globally to regulate and supervise virtual asset service providers.