Crypto / Digital Assets

Crypto / Digital Assets

GFMA Report Details How DLT Will Benefit Capital Markets

By Editors | 18/05/2023

The report calls for market participants to proactively shape the future use of DLT and for policymakers to provide greater regulatory clarity.

Big Picture

BIS Paper Identifies Gaps in Regulatory Frameworks for Crypto

By Manesh Samtani | 18/05/2023

The paper says authorities should consider regulations for utility tokens, governance tokens, DeFi actors, and crypto firms that resemble financial conglomerates.

Crypto / Digital Assets

Canvas Completes First FX Transaction Using Australian CBDC

By Sanday Chongo Kabange | 18/05/2023

The eAUD was traded for foreign currency stablecoin USDC, representing the first foreign exchange transaction using the RBA’s pilot CBDC.

Enforcement

US DOJ to Ramp Up Scrutiny of Crypto Platforms – Report

By Mark Johnston | 18/05/2023

The DOJ will pursue target crypto exchanges, mixers and tumblers that are enabling criminal actors to profit from their crimes.

AML / KYC

EU Council Formally Adopts New Legal Framework for Crypto

By Sanday Chongo Kabange | 17/05/2023

New rules under MiCA cover issuers of utility tokens, asset referenced tokens, stablecoins, service providers such as trading venues, and wallets where crypto-assets are held.

AML / KYC

EU Enters Trilogue Discussions on Proposed New AML Authority

By Mark Johnston | 17/05/2023

The new Anti-Money Laundering Authority would directly supervise high-risk financial entities and coordinate national authorities and FIUs.

Crypto / Digital Assets

US SEC Responds to Coinbase Request for Regulatory Clarity

By Editors | 16/05/2023

The SEC said it has no obligation to issue the “broad new regulations” for digital assets that Coinbase has requested.

Crypto / Digital Assets

BOK, Samsung to Collaborate on Offline CBDC Payments

By Editors | 16/05/2023

The agreement will involve further research on a BOK-issued CBDC and collaboration in the offline payments sector.

Crypto / Digital Assets

Korean Prosecutors Seize Records from Upbit, Bithumb

By Editors | 16/05/2023

The move is part of a probe into a Korean lawmaker who was found to own crypto in amounts that are “inconsistent with his frugal image”.