CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Rabobank Executes €2b in Commercial Paper Transactions on Blockchain

By Sanday Chongo Kabange | 29/02/2024

Rabobank has completed a series of pilots to execute commercial paper transactions on a blockchain platform called ‘Ubermorgen’.

Crypto / Digital Assets

HashKey OTC Arm Gets On-Principle Approval in Singapore

By Nithya Subramanian | 29/02/2024

In-principle approval brings HashKey OTC a step closer to being fully regulated in Singapore.

Crypto / Digital Assets

HK Budget Promises Financial Sector Development, Boost for Property Market

By Manesh Samtani | 28/02/2024

Restrictions on property transactions removed. Property lending requirements eased. HK$100mn pledged to promote financial services.

Sanctions

Russia Closer to Allow Digital Assets in International Settlements

By Editors | 28/02/2024

Approval of draft legislation by Russian lawmakers comes amid threats that the US would sanction third-country FIs that facilitate trade with Russia.

Crypto / Digital Assets

EU Adopts Four Delegated Regulations Under MiCA

By Mark Johnston | 27/02/2024

The regulations cover penalties, criteria for significant, EBA supervisory fees, and product intervention powers.

Crypto / Digital Assets

HK-based Crypto Firm BitForex Disappears With User Funds

By Mark Johnston | 27/02/2024

$56mn in crypto was removed from the exchange before it stopped processing transactions and responding to user queries.

Crypto / Digital Assets

Crypto Firm Kraken Files Motion to Dismiss SEC Lawsuit

By Mark Johnston | 27/02/2024

Kraken argues that the SEC has no authority over its operations as the cryptocurrencies it offers are not securities or investment contracts.

Big Picture

Fed Paper Explores How Stablecoins Differ in Crisis

By Ranamita Chakraborty | 27/02/2024

The paper discusses four stablecoins – USDC, USDT, BUSD, DAI – using the events of March 2023 when SVB collapsed as a case study.

Crypto / Digital Assets

Swiss Crypto Hedge Fund Faces Legal Dispute Over FTX Exposure

By Mark Johnston | 27/02/2024

TGT accuses Tyr Capital of criminal mismanagement and ignoring internal risk limits in its exposure to FTX.