Crypto / Digital Assets

Crypto / Digital Assets

FTX Bankruptcy, Secret Transfers, and Regulatory Probes

By Manesh Samtani | 14/11/2022

FTX files for Chapter 11 bankruptcy protection in Delaware as regulators in multiple jurisdictions investigate allegations of illegal activity.

Big Picture

FSB Letter to G20 Highlights Risks from Debt, Crypto, Climate

By Manesh Samtani | 13/11/2022

The FSB is concerned with record-high debt levels, structural vulnerabilities in crypto, and climate-related financial risks.

Crypto / Digital Assets

KakaoBank to Open Accounts for Coinone Exchange Users

By Editors | 13/11/2022

Coinone will end its partnership with Nonghyup Bank to increase online withdrawal and deposit limits with KakaoBank.

Crypto / Digital Assets

NY Fed, MAS to Test CBDC-based Cross-Border Payments

By Editors | 11/11/2022

“Project Cedar Phase II x Ubin+” will seek to enhance designs for atomic settlement of cross-border cross-currency transactions, leveraging wholesale CBDCs as a settlement asset.

Fintech / Regtech

RBNZ Considers Need to Regulate Crypto Assets

By Editors | 11/11/2022

The RBNZ plans to publish an issues paper on the potential need to regulate private cryptoassets early next month.

Crypto / Digital Assets

HashKey Obtains New Approvals in Hong Kong, Singapore

By Editors | 10/11/2022

HashKey has full approval to operate a crypto trading platform in Hong Kong and in-principle approval to offer fund management services in Singapore.

Crypto / Digital Assets

OFAC Redesignated Tornado Cash to Link to DPRK WMD Programme

By Editors | 10/11/2022

The August designation did not connect Tornado Cash to North Korea’s nuclear programme.

Crypto / Digital Assets

Binance Backs Out of FTX Deal, Citing Regulatory Probes

By Manesh Samtani | 10/11/2022

The US DOJ, SEC and CFTC are investigating FTX over its crypto lending products, handling of customer funds, and relationship with its US entity.

Crypto / Digital Assets

StanChart to Consider Offering Retail Crypto Services in Hong Kong

By Editors | 10/11/2022

CEO Bill Winters said Standard Chartered Bank will consider offering crypto trading services to Hong Kong retail customers.