CRYPTO / DIGITAL ASSETS

AML / KYC

US Recovers Crypto Ransoms Paid by Healthcare Providers

By Editors | 23/07/2022

The FBI seized about USD 500,000 from two crypto accounts that had received ransoms paid by US health care providers to North Korean hackers.

Crypto / Digital Assets

UK Gov Publishes Financial Services and Markets Bill

By Editors | 22/07/2022

The bill establishes HM Treasury’s authority to make regulations for digital assets including stablecoins.

Crypto / Digital Assets

Korean Banks Seek Regulatory Easing to Enter Crypto Market

By Editors | 21/07/2022

Korean banks have reportedly asked the FSC to ease regulations and issue licenses allowing them to operate digital asset businesses.

Crypto / Digital Assets

Fraud Risk: An Industry Priority for the Crypto Space

By Editors | 20/07/2022

Experts say crypto firms have a responsibility and moral obligation to have anti-fraud controls in place, and that this will help create trust in the industry.

Crypto / Digital Assets

China CBDC Tests to be Extended to 23 Pilot Sites

By Editors | 20/07/2022

The PBOC’s Zou Lan said the digital currency has played a positive role in promoting consumption, boosting domestic demands, and stabilising economic growth.

Crypto / Digital Assets

MAS to Introduce More Comprehensive Rules for Crypto Sector

By Manesh Samtani | 19/07/2022

MAS will share its strategy for developing Singapore as a digital asset hub in August. New rules for crypto will be proposed in September or October.

Crypto / Digital Assets

BOK to Commence CDBC Testing with Ten Commercial Banks

By Sanday Chongo Kabange | 18/07/2022

The ten banks including Shinhan Bank and NH Nonghyup Bank will test CBDC remittances and payments between individual users.

AML / KYC

How North Korean Cryptocurrency Abuse Is Expanding

By Sasha Erskine | 18/07/2022

Countries must secure new and emerging gateways that are used to circumvent sanctions, as North Korea’s exploitation of cryptocurrency continues.

Capital / Liquidity

BCBS Treatment of Banks’ Crypto Exposures Still Constraining: ISDA

By Manesh Samtani | 18/07/2022

ISDA chief executive Scott O’Malia says the new group 2 exposure limit presents a “significant constraint” on the extent to which banks can participate.