Crypto / Digital Assets

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    Crypto / Digital Assets

    White House Calls for Progress on US Crypto Legislation

    By Manesh Samtani | 30/01/2023

    Congress should strengthen disclosure requirements for crypto firms and expand regulators’ powers to prevent misuses of customers’ assets and mitigate conflicts of interest, officials say.

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    Big Picture

    Digital Dollar Project Calls for US Leadership on CBDC Standard Setting

    By Mark Johnston | 30/01/2023

    The US’s cautious approach to CBDCs could negatively impact the domestic economy, threaten the dollar’s dominance and have implications for sanctions evasion.

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    Crypto / Digital Assets

    FBI Confirms DPRK Hackers Behind $100m Horizon Bridge Crypto Theft

    By Editors | 29/01/2023

    The FBI was able to freeze a portion of the stolen funds, in coordination with some virtual asset service providers.

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    Fintech / Regtech

    BOJ Examines Use of Privacy Enhancing Technologies for CBDC

    By Mark Johnston | 29/01/2023

    A CBDC could be supported by the use of privacy-enhancing technologies to anonymise data while still allowing for AML/CFT analysis, the BOJ says.

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    Crypto / Digital Assets

    ISDA Launches Standard Definitions for Digital Asset Derivatives

    By Editors | 27/01/2023

    ISDA says the definitions set clear provisions for execution and settlement and will help to reduce credit and market risk in digital asset trading.

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    Fintech / Regtech

    New Network Launches to Facilitate Stablecoin, CBDC Transfers

    By Editors | 27/01/2023

    Several Tier 1 banks are participating in POCs to test the Universal Digital Payment Network (UDPN) for cross-border transfers and swaps.

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    AML / KYC

    Crypto Exchange Coinbase Fined in the Netherlands

    By Editors | 26/01/2023

    The DNB said Coinbase was offering services to Dutch users before it was formally registered as required by local laws.

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    Crypto / Digital Assets

    US SEC Charges Man for Crypto Token Manipulation Scheme

    By Editors | 26/01/2023

    The SEC said Avraham Eisenberg orchestrated an attack on Mango Markets. He also faces criminal and civil charges brought by the DOJ and CFTC.

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    AML / KYC

    UK FCA Offers Guidance on Crypto Business Registration

    By Editors | 26/01/2023

    The guidance draws from over 300 applications received by the FCA to date, to help crypto firms prepare their applications for registration.

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    Big Picture

    Tokenisation Can Threaten Financial System Stability: Denis Beau

    By Mark Johnston | 25/01/2023

    Banque de France official says tokenisation increases operational risks, especially cyber risks, and needs to be regulated “as swiftly as possible”.

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