Crypto / Digital Assets

Crypto / Digital Assets

US Court Authorises Emergency Freeze on Crypto Hedge Fund Assets

By Editors | 08/03/2023

BKCoin and one of its co-founders commingled client money and used some make “Ponzi-like payments” to other investors.

Enforcement

Singapore Police are Investigating Terraform Labs – Report

By Editors | 06/03/2023

Singapore police confirmed “ongoing” investigations into Terraform Labs, which is also being sued by the US SEC following its collapse last May.

Crypto / Digital Assets

BIS Innovation Hub Nordic Centre Completes Retail CBDC Project

By Editors | 06/03/2023

Project Icebreaker shows that different countries can implement different CBDC solutions and still participate in a formalised interlinking arrangement to enable instant cross-currency transactions.

Crypto / Digital Assets

Crypto Focused Bank Silvergate Edges Towards Closure

By Manesh Samtani | 06/03/2023

Silvergate warned that it was evaluating its ability to operate as a going concern, prompting client departures and the discontinuation of its crypto payments network.

Crypto / Digital Assets

Japanese Banks Commence Stablecoin Issuance Experiment

By Editors | 03/03/2023

Tokyo Kiraboshi FG, Minna Bank and Shikoku Bank will issue a stablecoin using a system developed by Web3 infrastructure company GU Technologies.

Crypto / Digital Assets

FSB-IMF Paper to Support Global Policy Approach to Crypto

By Editors | 03/03/2023

An “IMF-FSB Synthesis Paper” due to be published in September will support a “coordinated and comprehensive policy approach to crypto-assets”.

Capital / Liquidity

BCBS Adds New Monitoring Dashboard for Banks’ Crypto Exposures

By Editors | 03/03/2023

In the first six months of 2022, cryptoassets under custody at banks declined 66 percent, largely due to fewer banks participating in the exercise.

Crypto / Digital Assets

RBA Selects Use Cases to be Tested in Live CBDC Pilot

By Manesh Samtani | 03/03/2023

ANZ is involved in four case proposals; CBA is involved in two. Mastercard and Cuscal propose to use CBDC to enable consumers to buy NFTs.

Crypto / Digital Assets

Korea FSS is Investigating Crypto Staking Services – Reports

By Editors | 02/03/2023

The FSS has asked at least three crypto exchanges for data related to crypto staking services.