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AML / KYC
How North Korean Cryptocurrency Abuse Is Expanding
By Sasha Erskine | 18/07/2022
Countries must secure new and emerging gateways that are used to circumvent sanctions, as North Korea’s exploitation of cryptocurrency continues.
Capital / Liquidity
BCBS Treatment of Banks’ Crypto Exposures Still Constraining: ISDA
By Manesh Samtani | 18/07/2022
ISDA chief executive Scott O’Malia says the new group 2 exposure limit presents a “significant constraint” on the extent to which banks can participate.
Crypto / Digital Assets
UK Commences Inquiry Into Crypto Asset Risks and Opportunities
By Editors | 17/07/2022
A UK parliamentary committee is collecting evidence on the opportunities and risks that crypto-assets may bring to consumers, businesses and the government.
Crypto / Digital Assets
US Treasury Consults on Digital Asset Risks and Opportunities
By Editors | 17/07/2022
The request for comment seeks input on the opportunities and risks digital assets may pose to consumers, investors, businesses, and financial markets.
Crypto / Digital Assets
Thailand Refines Rules for Crypto Firms, Issues Draft Rules for Banks
By Manesh Samtani | 15/07/2022
The SEC amended capital requirements and other rules for crypto firms. The BOT issued draft rules for banks dealing in crypto. Two crypto exchanges were penalised.
Crypto / Digital Assets
OECD Confirms Timeline Revision for New Global Tax Rules
By Editors | 15/07/2022
A new international treaty for the Pillar One reforms will be finalised by mid-2023 for entry into force in 2024.
Crypto / Digital Assets
BOJ to ‘Carefully’ Examine CBDC Impact on Bank Deposits
By Sanday Chongo Kabange | 14/07/2022
A shift away from bank deposits may not occur if banks offer “smooth exchange of CBDC and deposits” and “attractive services related to CBDC”.
Crypto / Digital Assets
CPMI, IOSCO Issue Final Guidance on Stablecoin Arrangements
By Editors | 14/07/2022
CPMI and IOSCO confirm that the PFMI apply to systemically important stablecoin arrangements that transfer stablecoins.
Crypto / Digital Assets
BOE Calls for Clear Regulatory Framework for Crypto Assets
By Mark Johnston | 14/07/2022
BOE’s Jon Cunliffe said the extension of a regulatory framework to encompass crypto must be grounded in the iron principle of ‘same risk, same regulatory outcome’.
Crypto / Digital Assets
FSB Updates G20 on Covid-19, Climate, Crypto Work
By Editors | 13/07/2022
Accompanying the letter to the G20 is a report on exit strategies to address COVID-19 scarring in the financial sector, and a statement on crypto-asset regulation.
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