Crypto / Digital Assets

New measures may include placing limits on retail participation, and introducing new rules on the use of leverage in crypto transactions.

The bankruptcy filing came three days after Three Arrows entered into liquidation in the British Virgin Islands.

ANZ client Victor Smorgon Group successfully purchased tokenised Australian carbon credits from Zerocap using A$DC as a medium of exchange.

Crypto asset service providers will be required to implement customer protection measures and robust AML/CFT safeguards including the travel rule.

Binance signed an MoU with Cambodia's securities regulator to support the development of a legal framework for regulating digital asset businesses.

Criminal charges were filed in four separate cases of alleged crypto-related fraud, including the largest known NFT scheme charged to date.

The FSB expressed concerns over the outlook for financial stability, volatility in commodity markets, and strains in crypto-asset markets.

Jurisdictions have made "only limited progress" over the last year to implement the travel rule in the crypto industry, the FATF says.

MAS said Three Arrows Capital exceeded its allowable AUM and gave the regulator a false representation. The company entered into liquidation this week.

Total bank exposures to Group 2 cryptossets would be capped at 1% of Tier 1 capital. Banks would be permitted to recognise hedging for certain Group 2 cryptoassets.