Crypto / Digital Assets

Crypto / Digital Assets

US Treasury Publishes First Ever DeFi Risk Assessment

By Manesh Samtani | 07/04/2023

Treasury calls on the private sector to use the risk assessment to inform their risk mitigation strategies, and offers recommendations on government action.

AML / KYC

AUSTRAC Provides AML/CTF Exemption for CBDC Pilot

By Sanday Chongo Kabange | 07/04/2023

The exemption applies to CBDC issuance, redemption, exchange, custody, storage, transfer, account opening and other areas for the RBA, pilot participants and customers.

Crypto / Digital Assets

UBS Executes Cross-border Intraday Repo on Broadridge Blockchain Platform

By Editors | 06/04/2023

Intraday repo provides a more efficient means of managing liquidity, while also providing additional funding flexibility and reducign operational risk.

Crypto / Digital Assets

IOSCO Pledges to Deliver Sustainable Finance & Crypto Work in 2023

By Manesh Samtani | 06/04/2023

Under its new two-year work programme, IOSCO will issue a consultation on crypto asset regulation in H1 2023, and on DeFi regulation in Q3.

Crypto / Digital Assets

‘Genesis’ Darknet Market Sanctioned and Shuttered by Authorities

By Editors | 06/04/2023

Law enforcement arrested 119 people and conducted 208 property searches in connection with Genesis Market, a criminal marketplace believed to be located in Russia.

Crypto / Digital Assets

UPDATED – Binance Faces Added Regulatory Pressures Amid CFTC Charges

By Editors | 05/04/2023

Dubai’s VARA is asking Binance for more information. ASIC is meanwhile reviewing Binance’s Australia derivatives business and has cancelled its licence.

Capital / Liquidity

FDIC Retains BlackRock Unit to Sell SVB, Signature Bank Securities

By Editors | 05/04/2023

The FDIC retained BlackRock Financial Market Advisory to sell about $114bn in securities. Signature Bank loans still in receivership will be marketed “later this summer”.

Crypto / Digital Assets

Four Crypto Platforms Directed to Stop Offering Services in Japan

By Editors | 05/04/2023

Bybit, MEXC Global, Bitforex, and Bitget were warned against offering services to Japanese residents without registration.

Crypto / Digital Assets

Delay of Voyager-Binance.US Deal Could Cost $100m

By Editors | 05/04/2023

The acquisition of Voyager by Binance.US is being appealed by the DOJ. Creditors say the deal must be consummated by 13 April or they stand to lose $100mn.