Crypto / Digital Assets

Crypto / Digital Assets

FSB Finalises Global Regulatory Framework for Crypto-asset Activities

By Manesh Samtani | 18/07/2023

The recommendations were improved to better safeguard client assets, address conflicts of interest, and improve cross-border cooperation.

Crypto / Digital Assets

Blockchain Technology to Transform Global Commerce through Merger

By Jill Wong | 18/07/2023

The merger aims to scale up the development of blockchain and Web3 technologies across the global supply chain.

Crypto / Digital Assets

ASX Receives Application to List Retail Spot Bitcoin ETF

By Jill Wong | 18/07/2023

ASX has received its first application to list a spot Bitcoin ETF to retail investors under the cryptocurrency regulations issued in October 2021.

Crypto / Digital Assets

ESMA, EBA Issues First Consultation Packages Relating to MiCA

By Mark Johnston | 17/07/2023

ESMA’s consultation covers conflicts of interest and consumer complaints. EBA’s consultation covers authorisation of stablecoin issuers.

Crypto / Digital Assets

Ripple Scores Partial Victory in SEC Case

By Manesh Samtani | 17/07/2023

The court ruled that XRP is not a security when sold in the secondary market. The case will proceed to trial to determine if institutional sales of XRP were unregistered securities offerings.

Crypto / Digital Assets

Stablecoins Can Destabilise Financial Markets: NY Fed

By Jill Wong | 17/07/2023

A report by the Federal Reserve Bank of New York says the run on Terra shows how stablecoins can potentially destabilise financial markets and economies.

Crypto / Digital Assets

US Probe Prompts Staff and Executive Departures at Binance – Reports

By Editors | 17/07/2023

Over 1,000 employees have reportedly been laid off in recent weeks. A number of key senior executives have also departed.

AML / KYC

Singapore ACIP Issues Guidance on Managing Crypto-Related ML/TF Risk

By Manesh Samtani | 17/07/2023

FIs are encouraged to actively identify customers with a nexus to cryptocurrencies, and to apply EDD where ML/TF and sanctions risks are assessed to be higher.

Crypto / Digital Assets

US Agencies Settle Charges Against Crypto Lender Celsius Network

By Manesh Samtani | 16/07/2023

Celsius Network and founder Alexander Mashinsky charged for failing to register crypto lending product, defrauding customers, manipulating price of CEL token.