Crypto / Digital Assets

    Crypto / Digital Assets

    South Korea to Enact ‘Digital Assets Basic Act’ in 2023

    By Editors | 17/05/2022

    More banks will be able to offer services to crypto investors. The Bank of Korea Act will be revised to allow CBDC introduction.

    Fintech / Regtech

    FASB Commences Review of Accounting Rules for Digital Assets

    By Editors | 16/05/2022

    Crypto industry participants as well as ISDA are calling for the FASB to allow digital assets to be recorded on financial statements at fair value.

    Crypto / Digital Assets

    India’s NSDL Launches Blockchain Platform for NCD Market

    By Editors | 16/05/2022

    The new platform will record NCD creation, continuously monitor covenants and asset cover, and track credit ratings.

    AML / KYC

    ISDA AGM Highlights Global Scrutiny of Crypto Sector

    By Manesh Samtani | 14/05/2022

    Senior officials from the FSB, Basel Committee, US SEC, and CFTC spoke at ISDA’s AGM about the need for more regulation in the crypto sector.

    Fintech / Regtech

    CBOE Australia Commences Trading in First Three Crypto ETFs

    By Editors | 13/05/2022

    Cosmos launched a feeder ETF offering indirect bitcoin exposure. 21Shares and ETF Securities launched a bitcoin ETF and an ether ETF, offering direct exposure.

    Market Infrastructure

    UK Unveils Legislative Agenda for Financial Services, Markets

    By Manesh Samtani | 12/05/2022

    The agenda includes support for safe crypto adoption, stronger powers to tackle illicit finance, and better fraud protections for consumers.

    AML / KYC

    Countries Should Ensure Capital Controls Cover Crypto: IMF

    By Editors | 12/05/2022

    A new IMF paper calls on policymakers to preserve the effectiveness of capital controls by clarifying the legal status of crypto assets.

    Crypto / Digital Assets

    ASX Confirms Delay to Chess Replacement Go-Live Date

    By Editors | 12/05/2022

    ASX said a new go-live date will be determined after further planning with its technology partner and input from stakeholders.

    Fintech / Regtech

    TerraUSD Collapse Highlights Need for Stablecoin Regulation: Yellen

    By Manesh Samtani | 12/05/2022

    The world’s fourth largest stablecoin lost its peg this week, trading as low as 23 cents to the dollar on Wednesday.

    Crypto / Digital Assets

    SEC Thailand Proposes Stricter IT Security Rules for Capital Market

    By Editors | 11/05/2022

    The revised rules apply to securities and derivatives businesses, digital asset operators, clearinghouses, depositories, exchanges, digital token platforms, and crowdfunding platforms.

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