CRYPTO / DIGITAL ASSETS

Big Picture

Wholesale CBDCs More Likely to Gain Traction Than Retail CBDCs – Report

By Thisanka Siripala | 31/01/2025

Wholesale CBDCs are more likely to launch ahead of retail CBDCs on account of clearer efficiency gains and lower barriers to adoption.

Crypto / Digital Assets

Fed Chair Says Banks Can Provide Services for Crypto

By Thisanka Siripala | 30/01/2025

Jerome Powell said banks are free to provide services to cryptocurrency clients as long as it’s done in a safe and sound manner

Crypto / Digital Assets

Hong Kong SFC Grants Two New Crypto Licences

By Manesh Samtani | 30/01/2025

The licences were granted to YAX, a wholly-owned subsidiary of Tiger Brokers, and Panthertrade, a subsidiary of Futu Holdings.

Crypto / Digital Assets

US DOJ Imposes $300m Penalty on Crypto Firm KuCoin

By Nithya Subramanian | 28/01/2025

KuCoin also agreed to exit the US market for at least the next two years, and to ensure two co-founders are not involved in management or operations.

Crypto / Digital Assets

US to Form Presidential Working Group on Digital Assets

By Manesh Samtani | 26/01/2025

The SEC also officially rescinded Staff Accounting Bulletin No 121, which made it more costly for firms to keep custody of digital assets on behalf of others.

Crypto / Digital Assets

US Congress Investigates Debanking of Tech and Crypto Firms

By Thisanka Siripala | 25/01/2025

House Oversight Committee has contacted executives in the crypto industry to gather their testimonies on bank account closures.

Crypto / Digital Assets

FSB Publishes Work Programme for the Year Ahead

By Manesh Samtani | 25/01/2025

The work programme highlights digitalisation, climate change, and the shifting macroeconomic environment as key priorities

Crypto / Digital Assets

Taiwan to Consult on New Crypto Law in February

By Mark Johnston | 24/01/2025

The FSC will hold an industry public hearing in February and the draft legislation will be presented to the government’s executive branch by June.

Crypto / Digital Assets

US Authorities Secure Settlement With Crypto Market Maker

By Nithya Subramanian | 24/01/2025

CLS Global admitted to providing market-making services for NexFundAI, a token created by the FBI to help it uncover crime