CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Interest Rate Caps Do Not Apply to Bitcoin Loans, Korean Court Rules

By Editors | 09/10/2022

The case involves a loan worth 30 bitcoins with an annual interest rate of 60 percent. Korean law caps interest rates on loans at 24 percent.

Crypto / Digital Assets

CME to Launch New Crypto Reference Rates, Indices

By Editors | 08/10/2022

New reference rates and real-time indices will be introduced for AVAX, FIL and XTZ. The launch will not include tradable futures products.

Capital / Liquidity

Industry Says BCBS Cryptoasset Treatment is Prohibitive for Banks

By Manesh Samtani | 08/10/2022

The cap on banks’ exposures to cryptoassets should be raised from 1% to 5% of tier 1 capital, and based on net rather than gross exposures. The infrastructure risk add-on should be scrapped.

AML / KYC

European Council Adopts Eighth Russia Sanctions Package

By Editors | 06/10/2022

The package completely bans the provision of crypto wallets, accounts, or custody services to Russian nationals and entities, among other measures.

Crypto / Digital Assets

Russia Seeks to Legalise Crypto Mining in Some Regions

By Editors | 06/10/2022

The bill may be rejected by Russia’s parliament, because it does not specify tax procedures or requirements for data centres and mining operators.

Crypto / Digital Assets

SWIFT Publishes Results of CBDC, Tokenised Asset Experiments

By Editors | 06/10/2022

The experiments show SWIFT can enable central banks to connect their CBDC networks to all other payment systems in the world through a single gateway.

Crypto / Digital Assets

European Council Approves Final MiCA Legislation

By Manesh Samtani | 06/10/2022

The next step before MiCA is formally adopted is for the European Parliament to vote on the proposal on Monday.

Crypto / Digital Assets

CFTC Allowed to Serve Complaint to DAO Through Website

By Editors | 05/10/2022

The CFTC intends to hold any voting member of the Ooki DAO individually liable for violations of the Commodity Exchange Act and CFTC regulations.

Capital / Liquidity

US Regulators Call for New Laws for Crypto, Stablecoins

By Manesh Samtani | 04/10/2022

FSOC report calls for legislation to establish stablecoin regulation, supervisory authority over crypto asset entities, and rulemaking authority over crypto-asset spot markets.