Crypto / Digital Assets

Crypto / Digital Assets

Dubai’s VARA Releases Comprehensive Virtual Asset Framework

By Mark Johnston | 10/02/2023

The regulations aim to provide clarity and certainty and reduce market risks. VASPs must now register to offer virtual asset services in Dubai.

AML / KYC

Japan FSA Issues Draft Rules for Travel Rule Implementation

By Editors | 10/02/2023

The rules will implement laws passed in Japan last year, establishing requirements for Japanese crypto firms to comply with the travel rule.

Crypto / Digital Assets

US SEC Fines Kraken, Forced Shutter of Crypto Staking Programme

By Editors | 10/02/2023

Commissioner Hester Peirce disagreed with the action, saying there isn’t sufficient guidance on the SEC’s regulatory approach to staking programmes.

Crypto / Digital Assets

US SEC Close to Settling Probe Against Crypto Firm Kraken

By Editors | 09/02/2023

Commissioner Hester Peirce says the SEC “has not done a good job” in providing regulatory clarity on crypto.

Crypto / Digital Assets

UK Unveils Roadmap to Potential Digital Pound Issuance

By Manesh Samtani | 08/02/2023

If issued, the digital pound would be subject to strict privacy standards. It would be intended for payments, non-interest-bearing, and subject to an initial cap on holdings.

Crypto / Digital Assets

BIS Innovation Hub to Develop Stablecoin Monitoring Tools

By Editors | 08/02/2023

Project Pyxtrial will investigate technological tools that can enable systemic monitoring of stablecoins and their balance sheets.

Crypto / Digital Assets

UK FCA Directs Crypto Firms to Prepare for New Ad Rules

By Editors | 08/02/2023

Breaches of the rules can result in takedowns of websites, public warnings, and other actions, including up to two years in prison.

Crypto / Digital Assets

StanChart-backed Zodia and SBI to Form Crypto Custodian in Japan

By Sam Chen | 08/02/2023

Zodia Custody and SBI Digital Asset Holdings aim to offer “gold-standard” crypto asset custody services in Japan.

Crypto / Digital Assets

Crypto Down Under: Unpacking Australia’s Token Mapping Consultation

By Angela Ang | 07/02/2023

Angela Ang and TRM’s policy team unpack the key themes discussed in the token mapping consultation paper and what it means for the industry.