CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

BIS Innovation Hub Announces New Set of Projects

By Editors | 20/06/2022

The first three Eurosystem Centre projects will focus on crypto markets, quantum-resistant cryptography for payments, and climate-related disclosures.

Enforcement

US Regulators Probe Celsius Suspension of Crypto Withdrawals

By Editors | 20/06/2022

Withdrawals have been suspended one week. Celsius says it is continuing efforts to stabilise its liquidity and operations, and that the process “will take time”.

AML / KYC

FATF Concludes Final Plenary Under German Presidency

By Editors | 19/06/2022

FATF will soon publish an update on travel rule implementation in the crypto industry, a report on collaborative analytics, and new guidance for the real estate sector.

Crypto / Digital Assets

US SEC Probes Insider Trading Controls at Crypto Firms: Reports

By Editors | 19/06/2022

The SEC is reportedly seeking information about how crypto exchanges protect their users from insider trading on their platforms.

Fintech / Regtech

‘Substantial Changes” Needed to Fully Reap Benefits of DeFi: BIS

By Sanday Chongo Kabange | 19/06/2022

A new BIS bulletin highlights a growing trend in DeFi to rely on forms of centralisation, and a need for it to ultimately fall within the regulatory umbrella.

Crypto / Digital Assets

Shanghai Strengthens Efforts to Curb Crypto Mining

By Darien Choong | 17/06/2022

Crypto mining has continued in China despite a government ban on such activities since May 2021.

AML / KYC

Russia Launches Blockchain-Based Alternative to SWIFT

By Editors | 14/06/2022

Russian state-owned firm Rostec said the blockchain-based platform will allow settlements in national currencies and eliminate the risk of sanctions.

Crypto / Digital Assets

Australia: New Govt to Push Ahead with BNPL, Crypto Regulation

By Editors | 14/06/2022

The government will also continue a consultation process started by Josh Frydenberg on a regulatory framework for the crypto sector.

Crypto / Digital Assets

Bangladesh Bank to Assess Feasibility of Introducing CBDC

By Editors | 14/06/2022

A CBDC is needed to facilitate the growth of digital transactions and encourage startups and e-commerce businesses, the finance minister said.