CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Korea to Improve Market Access for Foreign Investors, Allow STOs

By Editors | 25/01/2023

Korea will abolish the complex registration system for foreign investors, require English disclosures from listed companies, and establish a regulatory framework for security tokens.

Fintech / Regtech

BIS Paper Offers Technical Model for Assessing DeFi Risks

By Editors | 24/01/2023

The paper highlights the intertwined nature of DeFi protocols, the dependencies they can have on stablecoins, and how such dependencies can present vulnerabilities.

Crypto / Digital Assets

Crypto Lender Genesis Files for Bankruptcy Protection

By Editors | 24/01/2023

Genesis has more than 100,000 creditors who may be owed up to USD 10 billion. The biggest creditor is crypto exchange Gemini.

Crypto / Digital Assets

WEF Publishes Toolkit to Facilitate Development of DAOs

By Editors | 21/01/2023

DAOs have the potential to address the shortcomings of traditional firms while also realising more equitable governance and operations.

AML / KYC

US SEC Fines Crypto Firm Nexo for Unregistered Securities Offering

By Manesh Samtani | 20/01/2023

Nexo settled charges from US regulators for $45mn. The company was separately raided by Bulgarian authorities last week.

Crypto / Digital Assets

NAB to Launch AUD Stablecoin Around Mid Year

By Manesh Samtani | 20/01/2023

NAB plans allow clients to use the stablecoin for repo transactions, cross-border remittances, and carbon credits trading.

Crypto / Digital Assets

BSP’s CBDC Testing to Continue in Sandbox Until 2024

By Editors | 19/01/2023

The BSP is testing large value CBDC transactions among a limited number of FIs. A retail  CBDC is not being explored.

Crypto / Digital Assets

Crypto Firms Team Up to Accelerate Climate Action

By Mark Johnston | 19/01/2023

The partnership comprises the GBBC, Eqo Networks, BxCi, Solana Foundation, Ripple, Regen Network, and Climate Collective.

Crypto / Digital Assets

Thailand: New Crypto Custody Regulations Take Effect

By Tung Li Lim | 19/01/2023

The regulations provide clarity on the IT controls custody providers must have in place to mitigate cyber risks in their management of crypto wallets and keys.