Crypto / Digital Assets

Crypto / Digital Assets

New Report Offers Guidance to Central Banks on CBDC Design

By Editors | 12/07/2022

A report from CPMI, BISIH, IMF and World Bank assesses the options for access to and interoperability of CBDCs, to ensure they improve cross-border payments.

Crypto / Digital Assets

Crypto Firm Celsius Network Accused of Running Ponzi Scheme

By Editors | 12/07/2022

A lawsuit filed by a former Celsius money manager says the company mismanaged customer funds, failed to perform basic internal auditing, and manipulated crypto-assets.

AML / KYC

Hong Kong Publishes ML/TF Risk Assessment Report

By Manesh Samtani | 12/07/2022

The most prominent ML threats to banks come from fraud, corruption and tax crimes. The main ML threats to the crypto sector relate to fraud and theft.

Crypto / Digital Assets

FSB Issues Statement on Crypto Assets Ahead of G20 Meeting

By Editors | 11/07/2022

The statement clarifies that so-called stablecoins and other crypto-assets “do not operate in a regulation-free space”.

Crypto / Digital Assets

Fed Vice Chair Calls for Swift Action on Crypto Regulation

By Editors | 11/07/2022

This is the right time to establish which crypto activities are permissible for regulated entities and under what constraints, Lael Brainard said.

Crypto / Digital Assets

US Treasury Outlines Approach to International Engagement on Crypto

By Editors | 11/07/2022

The US will promote the adoption and implementation of international standards while ensuring a “coordinated message” and limiting duplication of work.

Crypto / Digital Assets

Crypto Firm Voyager Digital Files for Bankruptcy, FDIC Opens Probes

By Editors | 08/07/2022

Voyager previously used wording on a company web page implying that deposit protection could apply in the event of the company’s own failure.

Crypto / Digital Assets

IOSCO Outlines Planned Work to Address Crypto Market Risks

By Editors | 07/07/2022

The roadmap will initially focus IOSCO’s Fintech Taskforce on work to analyse and respond to market integrity and investor protection concerns.

Crypto / Digital Assets

South Korea Launches First Crypto Bank Service

By Editors | 07/07/2022

The “crypto bank” offers multiple financial services for crypto assets including deposits, loans, asset transactions, and withdrawals.