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Crypto / Digital Assets
Former Coinbase Manager Settles SEC Insider Trading Case
By Manesh Samtani | 31/05/2023
In light of the prison sentences Ishan Wahi and his brother have to serve, the SEC will not seek civil penalties apart from the disgorgement already ordered.

Crypto / Digital Assets
Korea FSS Preparing New Supervision System for Crypto Industry
By Manesh Samtani | 31/05/2023
The FSS is calling on the crypto industry to improve their self-regulatory capabilities until the new Virtual Asset User Protection Act is fully implemented.

Crypto / Digital Assets
HKMA to Ramp Up Cross-border Collaboration with UAE
By Editors | 30/05/2023
The HKMA will form a joint working group with CBUAE and banking sector stakeholders to take forward the agreed initiatives.

Crypto / Digital Assets
China Expands CBDC Usage to Investment and Capital Markets
By Mark Johnston | 30/05/2023
A project by Galaxy Securities and ICBC to use CBDC for investments is included in Beijing’s capital market fintech innovation trials.

Crypto / Digital Assets
US Crypto Firm Secures Special Purpose Broker-dealer Licence
By Mark Johnston | 29/05/2023
The licence, granted by FINRA, is considered an important milestone, though there are limitations of what it can be used for.

Crypto / Digital Assets
BOJ Publishes Findings from Phase 2 of CBDC Study
By Manesh Samtani | 29/05/2023
The second phase of the CBDC project evaluated additional functions building upon the basic CBDC ledger functions explored in the first phase.

Crypto / Digital Assets
New Crypto Industry Bodies Launch in Hong Kong
By Manesh Samtani | 29/05/2023
The new industry bodies are a response to Hong Kong’s new licensing regime for the crypto industry, which will come into effect from 1 June.

Crypto / Digital Assets
WEF Calls For Global Collaboration in Regulating Crypto-Assets
By Ranamita Chakraborty | 29/05/2023
A new WEF report offers recommendations on collaborative pathways for global crypto-asset regulation.

Crypto / Digital Assets
Temasek Cuts Pay of Investment Team After FTX Losses
By Karen Ng | 29/05/2023
Temasek said members of its investment team took collective accountability for the investment in FTX and hence took a pay cut.

Crypto / Digital Assets
Hong Kong Police Launch “CyberDefender Metaverse” Platform
By Editors | 29/05/2023
The platform is designed to help educate the public about cyber crimes in the Metaverse, especially those involving virtual assets.
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