CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

BCBS Paper Warns of Risks in Permissionless DLT Systems

By Manesh Samtani | 30/08/2024

New working paper describes the risks associated with permissionless DLT, highlighting the need for banks to adopt robust risk management strategies.

Crypto / Digital Assets

US SEC Settles Charges Against Crypto Firm Abra

By Editors | 30/08/2024

The SEC said Abra operated as an unregistered investment company and sold a retail crypto asset lending product that should have been registered.

Crypto / Digital Assets

HSBC Completes 3 PoC Use Cases in Project Ensemble Sandbox

By Sanday Chongo Kabange | 30/08/2024

The three PoC use cases involve digital bonds, interbank transfers of tokenised deposits, and eBL settlement via tokenised deposits.

Crypto / Digital Assets

US SEC Planning Legal Action Against NFT Platform OpenSea

By Editors | 29/08/2024

OpenSea CEO Devin Finzer said the SEC is threatening to sue because “they believe NFTs on our platform are securities”.

Crypto / Digital Assets

HKMA Launches New Sandbox for Tokenised Asset Transactions

By Sanday Chongo Kabange | 29/08/2024

The Project Ensemble Sandbox will facilitate interbank settlement using tokenised money for transactions involving tokenised assets.

Sanctions

Russia Set to Start Testing Crypto in International Payments

By Editors | 29/08/2024

The trials will commence in September. If successful, Russia may allow the Moscow Exchange to set up crypto platforms next year.

Crypto / Digital Assets

CME to Launch Weekly Bitcoin Futures on 30 September

By Editors | 29/08/2024

The new contracts will be cash-settled at 4pm New York time every Friday to help investors mitigate weekend price moves.

Crypto / Digital Assets

Crypto Founder Pleads Guilty for Defrauding Investor

By Editors | 28/08/2024

CluCoin founder Austin Michael Taylor used $1.14mn of investor funds at online casinos and “lost these investor funds to gambling”.

Crypto / Digital Assets

Thai SEC Enhances Governance Standards for Crypto Firms

By Editors | 27/08/2024

Crypto firms must have at least five directors on their board, including two independent directors, and establish an audit committee.