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Enforcement
Korean Prosecutors Impose Flight Ban on Terra Employees
By Editors | 23/06/2022
The travel ban is meant to prevent dozens of Terraform Labs employees in Korea from leaving the country to avoid being summoned for questioning.
Crypto / Digital Assets
BIS Innovation Hub Outlines Lessons from CBDC Experiments
By Manesh Samtani | 23/06/2022
The report covers four experiments, Project Inthanon-LionRock, Project Jura, Project Dunbar, and Project mBridge.
Crypto / Digital Assets
MAS Grants Three More In-Principle Approvals to Crypto Firms
By Manesh Samtani | 22/06/2022
Deputy PM Heng Swee Keat said in-principle approvals were being issued to three more DPT licence applicants, later identified as Crypto.com, Genesis and Sparrowtech.
Crypto / Digital Assets
India: Crypto Exchanges Call on NPCI to Restore UPI Services
By Mark Johnston | 22/06/2022
Since April, Indian crypto exchanges have not been able to accept deposits via the UPI. BACC members are asking for a reversal of the decision.
Crypto / Digital Assets
BISIH London to Develop API Prototypes for Retail CBDC
By Editors | 22/06/2022
Project Rosalind aims to develop APIs for retail CBDC distribution that best enable a central bank ledger to interact with private sector service providers.
Crypto / Digital Assets
Taiwan Central Bank Warns Against Investing in NFT Market
By Darien Choong | 22/06/2022
NFTs are not suitable for retail investors, due to a lack of regulation, liquidity, and clarity over ownership, the central bank says.
Crypto / Digital Assets
BIS Vision for Monetary System Doesn’t Include Crypto
By Manesh Samtani | 21/06/2022
BIS says crypto and DeFi have structural limitations and inherent risks that make them unsuitable for the future digital monetary system.
Crypto / Digital Assets
UK Crypto Firms Required to Comply with Travel Rule by Sep 2023
By Manesh Samtani | 20/06/2022
The UK scrapped a proposal to require both fiat currency and cryptoasset transfers to be considered when calculating the de minimis threshold, which has been set at EUR 1,000.
Big Picture
BIS Bulletin Raises Concerns Over Front-running by Crypto Miners
By Editors | 20/06/2022
Crypto miners can choose which transactions they add to ledgers and in which order, allowing them to front-run markets.
Securities / Derivatives
Thai SEC Directs Listcos to Exercise Prudence in Crypto Business
By Editors | 20/06/2022
Circulars were sent to listed companies regarding digital assets. The SEC’s final advertising rules will take effect on 16 July. Huobi has exited the Thai market.
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