Crypto / Digital Assets

Crypto / Digital Assets

US Lawmakers Propose Draft Stablecoin Legislation

By Editors | 21/04/2023

Applications from stablecoin issuers would be “deemed approved” if regulators do not reach a decision within 4.5 months from the application.

Crypto / Digital Assets

Crypto Exchange Luno to Close Singapore Operations in June

By Sanday Chongo Kabange | 21/04/2023

Luno, which received in-principle approval from MAS last year, has decided to stop serving users in Singapore.

Crypto / Digital Assets

ECB Urged to Improve Design Features of Digital Euro

By Mark Johnston | 20/04/2023

A new study evaluates the ECB’s progress on the digital euro and suggests ways to enhance its attractiveness and functionality.

AML / KYC

FATF Reiterates Calls for Global Adoption of Crypto AML Rules

By Editors | 20/04/2023

At a meeting in Tokyo last week, officials and the private sector discussed global progress and challenges in regulating virtual assets.

Crypto / Digital Assets

BIS, BOE Unveil Findings from Payments Synchronisation Project

By Manesh Samtani | 19/04/2023

Project Meridian demonstrated the ability to synchronise property ownership transfer with payment settlement using central bank money.

Crypto / Digital Assets

HK Court Declares Crypto is Property That Can be Held on Trust

By Editors | 19/04/2023

The ruling was related to the March 2019 winding up of Gatecoin, which suffered a hack in 2016 and lost around $2mn in digital assets.

Crypto / Digital Assets

Australia Considers Outright Ban on Ransom Payments

By Mark Johnston | 19/04/2023

The ACSC recommends that victims of ransomware attacks never pay a ransom. The government is considering a law prohibiting attack victims from paying ransoms.

Crypto / Digital Assets

SEC Chair Gensler Defends Regulatory, Anti-Crypto Agenda

By Manesh Samtani | 19/04/2023

Regulation by enforcement is not sufficient nor sustainable, House Financial Services Committee chair Patrick McHenry told SEC chair Gary Gensler.

Crypto / Digital Assets

Fed Official Outlines Policy Issues for CBDC Introduction

By Mark Johnston | 18/04/2023

Fed governor Michelle Bowman said a CBDC may not necessarily improve payment system efficiency or increase financial inclusion.