CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

BSP Concludes Tests on Streamlining Interbank Payments With CBDC

By Editors | 06/12/2024

The BSP said Project Agila testing found that off-hours transactions can safely be supported by open-source DLT through the Oracle Cloud Infrastructure.

AML / KYC

AUSTRAC to Crack Down on Non-compliant Crypto ATM Providers

By Editors | 06/12/2024

AUSTRAC has established an internal taskforce to target crypto ATMs that are being exploited for money laundering, scams and money mule activities.

Crypto / Digital Assets

Thai SEC Revises Capital Requirements for Crypto Firms

By Sanday Chongo Kabange | 05/12/2024

The revised requirements aim to increase trust in the digital asset market and enhance investor protection.

Big Picture

BIS Paper Examines Choice Between Retail CBDC, FPS, or Both

By Editors | 05/12/2024

The choice depends on the market features, ecosystem, and degree of maturity and innovation of existing payment infrastructures in a country.

Crypto / Digital Assets

ASIC Seeks Feedback on Updated Guidance for Digital Assets

By Thisanka Siripala | 05/12/2024

ASIC proposes to regulate digital assets like traditional financial products, requiring crypto firms to apply for an AFS licence.

Enforcement

Former CEO of Celsius Network Pleads Guilty on Fraud Charges

By Editors | 04/12/2024

Alex Mashinsky misled investors about the financial condition of Celsius and used customer funds to manipulate the value of a digital token the company issued.

Crypto / Digital Assets

DMM Bitcoin to Shut Down, Transfers Assets to SBI Subsidiary

By Mark Johnston | 04/12/2024

DMM Bitcoin has been unable to recover from the May theft of approximately 4,502.9 Bitcoins and has decided to shut down operations.

AML / KYC

Taiwan Executive Yuan Approves “Version 2.0” Anti-Fraud Action Plan

By Manesh Samtani | 03/12/2024

The FSC also issued new regulatory guidelines for FIs and VASPs on preventing the fraudulent use of financial services.

Crypto / Digital Assets

Permissionless Blockchains Can Enhance Traditional Financial Services

By Editors | 03/12/2024

European Commission report says public permissionless blockchains represent a promising alternative to permissioned platforms.