Crypto / Digital Assets

Crypto / Digital Assets

NYIC, US Banks Launch PoC to Test Digital Money Platform

By Editors | 17/11/2022

Participants include BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, US Bank, Wells Fargo, SETL, Digital Asset, AWS, SWIFT, Sullivan & Cromwell, and Deloitte.

Crypto / Digital Assets

Korea FSS to Issue Accounting Guidelines for Crypto Firms

By Editors | 17/11/2022

The current accounting system in Korea does not provide options for companies dealing in crypto.

Crypto / Digital Assets

ISDA to Publish Draft Standards for Crypto Derivatives by Year End

By Manesh Samtani | 15/11/2022

ISDA will also consider developing collateral documentation for OTC crypto derivatives transactions and standard contracts for crypto swaps and physically-settled transactions.

Crypto / Digital Assets

Singapore and Hong Kong Regulators Address FTX Queries

By Editors | 15/11/2022

MAS said FTX is neither licensed nor exempt from licensing in Singapore. Hong Kong’s SFC said licensed fund managers’ exposure to FTX is “immaterial”.

Crypto / Digital Assets

EU Parliament Adopts DORA Text, Enforcement Expected in 2025

By Editors | 14/11/2022

New requirements on network and information system security will apply to all financial system participants, including crypto firms and cloud services providers.

Crypto / Digital Assets

BISIH to Tackle Key CBDC Challenges with Project Tourbillon

By Editors | 14/11/2022

Project Tourbillon aims to reconcile trade-offs between cyber resiliency, scalability, and privacy through experimentation with a prototype CBDC.

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.