CRYPTO / DIGITAL ASSETS

    Big Picture

    FSB Letter to G20 Highlights Risks from Debt, Crypto, Climate

    By Manesh Samtani | 13/11/2022

    The FSB is concerned with record-high debt levels, structural vulnerabilities in crypto, and climate-related financial risks.

    Crypto / Digital Assets

    KakaoBank to Open Accounts for Coinone Exchange Users

    By Editors | 13/11/2022

    Coinone will end its partnership with Nonghyup Bank to increase online withdrawal and deposit limits with KakaoBank.

    Crypto / Digital Assets

    NY Fed, MAS to Test CBDC-based Cross-Border Payments

    By Editors | 11/11/2022

    “Project Cedar Phase II x Ubin+” will seek to enhance designs for atomic settlement of cross-border cross-currency transactions, leveraging wholesale CBDCs as a settlement asset.

    Fintech / Regtech

    RBNZ Considers Need to Regulate Crypto Assets

    By Editors | 11/11/2022

    The RBNZ plans to publish an issues paper on the potential need to regulate private cryptoassets early next month.

    Crypto / Digital Assets

    HashKey Obtains New Approvals in Hong Kong, Singapore

    By Editors | 10/11/2022

    HashKey has full approval to operate a crypto trading platform in Hong Kong and in-principle approval to offer fund management services in Singapore.

    Crypto / Digital Assets

    OFAC Redesignated Tornado Cash to Link to DPRK WMD Programme

    By Editors | 10/11/2022

    The August designation did not connect Tornado Cash to North Korea’s nuclear programme.

    Crypto / Digital Assets

    Binance Backs Out of FTX Deal, Citing Regulatory Probes

    By Manesh Samtani | 10/11/2022

    The US DOJ, SEC and CFTC are investigating FTX over its crypto lending products, handling of customer funds, and relationship with its US entity.

    Crypto / Digital Assets

    StanChart to Consider Offering Retail Crypto Services in Hong Kong

    By Editors | 10/11/2022

    CEO Bill Winters said Standard Chartered Bank will consider offering crypto trading services to Hong Kong retail customers.

    Crypto / Digital Assets

    HSBC to Launch Tokenisation Platform for Digital Bond Issuance

    By Editors | 09/11/2022

    HSBC said the European Investment Bank is exploring using the platform to issue the market’s first-ever GBP tokenised bond.

    Crypto / Digital Assets

    Philippines: Union Bank Starts Offering Crypto Services

    By Editors | 09/11/2022

    Union Bank’s digital asset platform, developed by Swiss firm Metaco, went live last week, offering trading in bitcoin and ether.

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