Crypto / Digital Assets

Capital / Liquidity

New York Fed Tightens Rules on Access to Reverse Repo Facility

By Editors | 26/04/2023

The tighter requirements are said to be aimed at preventing stablecoin issuers from parking their reserves at the Fed.

Crypto / Digital Assets

Binance.US Cancels Deal to Acquire Voyager Digital

By Editors | 26/04/2023

The DOJ indicated earlier this week that it was prepared to allow the deal to proceed. Binance.US had the right to cancel if the deal was not closed by 18 April.

Crypto / Digital Assets

Coinbase Asks US Court to Compel SEC to Provide Regulatory Clarity

By Editors | 26/04/2023

Coinbase is asking the court to compel the SEC to a respond to petition filed last year, which asked the regulator to propose and adopt rules for the digital assets sector.

Fintech / Regtech

HKMA, PBOC Explore Use of CBDC for Cross-border Payments

By Editors | 26/04/2023

HKMA deputy chief Darryl Chan said there is scope to expand the Wealth Management Connect scheme and use CDI data for cross-border finance.

Crypto / Digital Assets

UK FCA to Develop New Financial Promotions for Crypto Industry

By Mark Johnston | 26/04/2023

FCA executive director Sarah Pritchard said the new regime will apply to all firms marketing cryptoassets to UK consumers, regardless of where they are based.

AML / KYC

Crypto Industry Needs ‘Unified Approach’ to Travel Rule Compliance

By Manesh Samtani | 25/04/2023

A new report from Notabene offers insight into how prepared crypto firms are for upcoming regulatory deadlines relating to the Travel Rule.

Crypto / Digital Assets

Lawmakers to Grant BOK Powers to Obtain Data from Crypto Firms

By Editors | 25/04/2023

Bank of Korea has expressed concerns that financial stability risks could be transmitted from the crypto market to traditional finance.

AML / KYC

OFAC Sanctions Three for Facilitating Lazarus Group Activities

By Editors | 25/04/2023

China-based and Hong Kong-based crypto traders and a North Korean national were sanctioned for laundering illegal proceeds for Lazarus Group.

Crypto / Digital Assets

US Government to Allow Voyager-Binance.US Deal to Proceed

By Editors | 24/04/2023

The DOJ is prepared to allow the deal to proceed, provided that the contentious elements be put on hold pending a legal appeal.