Crypto / Digital Assets

Crypto / Digital Assets

BISIH London Invites Firms to Test Retail CBDC API Platform

By Editors | 25/01/2023

Project Rosalind’s phase one work will be complete within Q1 and be followed by a further phase focused on testing and validating API functionality.

Capital / Liquidity

EU Lawmakers Back Draft Law to Implement Basel III

By Editors | 25/01/2023

The draft law contains an interim treatment for banks to apply a 1250% risk weight to their cryptoasset exposures until 31 December 2024.

Crypto / Digital Assets

FTX Explores Possible Revival of Global Crypto Business

By Sanday Chongo Kabange | 25/01/2023

FTX’s replacement CEO believes reviving the business could recover more value for customers than a liquidation of assets or sale of the platform.

Crypto / Digital Assets

Korea to Improve Market Access for Foreign Investors, Allow STOs

By Editors | 25/01/2023

Korea will abolish the complex registration system for foreign investors, require English disclosures from listed companies, and establish a regulatory framework for security tokens.

Fintech / Regtech

BIS Paper Offers Technical Model for Assessing DeFi Risks

By Editors | 24/01/2023

The paper highlights the intertwined nature of DeFi protocols, the dependencies they can have on stablecoins, and how such dependencies can present vulnerabilities.

Crypto / Digital Assets

Crypto Lender Genesis Files for Bankruptcy Protection

By Editors | 24/01/2023

Genesis has more than 100,000 creditors who may be owed up to USD 10 billion. The biggest creditor is crypto exchange Gemini.

Crypto / Digital Assets

WEF Publishes Toolkit to Facilitate Development of DAOs

By Editors | 21/01/2023

DAOs have the potential to address the shortcomings of traditional firms while also realising more equitable governance and operations.

AML / KYC

US SEC Fines Crypto Firm Nexo for Unregistered Securities Offering

By Manesh Samtani | 20/01/2023

Nexo settled charges from US regulators for $45mn. The company was separately raided by Bulgarian authorities last week.

Crypto / Digital Assets

NAB to Launch AUD Stablecoin Around Mid Year

By Manesh Samtani | 20/01/2023

NAB plans allow clients to use the stablecoin for repo transactions, cross-border remittances, and carbon credits trading.