Crypto / Digital Assets

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    Crypto / Digital Assets

    HDFC Bank Implements Interoperability between CBDC and UPI

    By Editors | 13/07/2023

    HDFC Bank customers with UPI IDs can use the QR code at retail shops to transfer funds directly from their CBDC wallets.

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    Crypto / Digital Assets

    UK Treasury Consults on Digital Securities Sandbox

    By Sanday Chongo Kabange | 13/07/2023

    The proposed Digital Securities Sandbox will enable firms to test issuance and trading of digital securities.

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    Big Picture

    BIS Releases Three Reports Covering Crypto, Stablecoins, CBDC

    By Manesh Samtani | 13/07/2023

    One report says explains why crypto assets are ill-suited to play a significant role in the monetary system. The other two discuss CBDC progress.

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    Crypto / Digital Assets

    Korea Issues Guidelines on Crypto Accounting & Disclosures

    By Sanday Chongo Kabange | 13/07/2023

    The new guidelines seek to enhance accounting and disclosure requirements for companies that issue or hold virtual assets.

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    Crypto / Digital Assets

    Woori Bank Caught Up in Crypto-related Embezzlement Scandal

    By Sanday Chongo Kabange | 13/07/2023

    On of Woori Bank’s employees embezzled about KRW 90 million and used it for personal investments in crypto.

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    Enforcement

    Terra Co-Founder Daniel Shin Faces First Terra Hearing in Korea

    By Mark Johnston | 13/07/2023

    Daniel Shin and seven other Terra staff are accused of violating capital markets laws, making false representations, and causing the de-pegging of TerraUSD.

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    Crypto / Digital Assets

    Korea Prosecutors to Form New Unit Dedicated to Crypto Crime

    By Sanday Chongo Kabange | 12/07/2023

    The new Virtual Asset Joint Investigation Unit will launch by the end of the month and focus on investigating crypto-related crime including fraud.

    Crypto / Digital Assets

    GDF Finalises Standards for Global Cryptoasset Market

    By Manesh Samtani | 11/07/2023

    Similar to the FX Global Code, the Standards include a “Statement of Commitment” form, allowing market participants to voluntarily sign up.

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    Crypto / Digital Assets

    US Indicts Moroccan for Crypto and NFT Spoofing Scam

    By Mark Johnston | 11/07/2023

    A Moroccan man is accused of stealing cryptocurrency and NFTs by creating a fake OpenSea website.

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    Crypto / Digital Assets

    BIS Study: 24 Central Banks to have CBDCs by 2030

    By Jill Wong | 11/07/2023

    A BIS study found 24 central banks would have their own digital currencies in circulation by 2030.

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