Crypto / Digital Assets

Crypto / Digital Assets

FDIC Blocked Banks from Servicing Crypto Firms Throughout 2022

By Thisanka Siripala | 10/12/2024

Coinbase obtained FDIC letters showing that the regulator prevented banks from engaging in crypto-related activities throughout 2022.

Crypto / Digital Assets

Etrading Software Designated as ISIN Issuer for Crypto Instruments

By Editors | 10/12/2024

Etrading Software is now the Designated Numbering Agency responsible for issuing ISINs for crypto instruments globally

Crypto / Digital Assets

Sifma Releases Findings from Regulated Settlement Network PoC

By Editors | 09/12/2024

The findings demonstrated the potential of shared ledger technology to settle tokenised money and securities and address current inefficiencies and operational risks.

Crypto / Digital Assets

Korean Securities Firms Asked to Prepare for Market Shocks

By Manesh Samtani | 08/12/2024

BOK promised “unlimited” liquidity. FSS met with 36 securities firms. FSC activated stabilisation funds. VASP operations impacted.

Crypto / Digital Assets

Hong Kong Announces Gazettal of Stablecoins Bill

By Sanday Chongo Kabange | 08/12/2024

The bill will implement a licensing and regulatory regime for issuers of fiat-referenced stablecoins. The first reading is set for 18 December.

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.