Crypto / Digital Assets

Crypto / Digital Assets

BCBS Publishes Final Standards for Bank Crypto Exposures

By Manesh Samtani | 17/07/2024

The BCBS published final amendments to the prudential standard and the final disclosure framework for banks’ cryptoasset exposures.

Crypto / Digital Assets

US to List First Spot Ether ETFs Next Week – Reports

By Editors | 17/07/2024

Final approvals for up to eight spot ether ETFs are expected on Monday. Trading is expected to start the next day.

Crypto / Digital Assets

GDF, GLEIF Announce Digital Asset Industry Partnership

By Editors | 17/07/2024

GDF said the partnership with GLEIF aims to raise awareness of the value of consistent party identification via the LEI.

Crypto / Digital Assets

Korean Lawmakers Propose Revision Bill to Postpone Crypto Tax

By Editors | 17/07/2024

The financial investment income tax, which would impose a 20-25% capital gains tax on stock, bond and fund investments, is also expected to be abolished or postponed.

Enforcement

Australia Convicts Ex-Crypto Promoter for Unlicensed Financial Advice

By Sanday Chongo Kabange | 16/07/2024

John Bigatton was convicted for providing unlicensed financial advice when he promoted BitConnect in seminars and on social media.

Crypto / Digital Assets

Hong Kong to Release Stablecoin Consultation Results “Soon”

By Sanday Chongo Kabange | 16/07/2024

The FSTB said it will “soon” release the results of a 2023 consultation on the proposed regulatory regime for fiat-referenced stablecoins.

Crypto / Digital Assets

World Bank Paper Explores Interoperability Between CBDC and FPS

By Editors | 16/07/2024

The paper says internal experimentation demonstrated how CBDC systems could interoperate with retail payment systems through an interlinking bridge.

Crypto / Digital Assets

Thai SEC Proposes New Requirements for Crypto Exchanges

By Editors | 16/07/2024

Digital asset exchanges will be required to establish and disclose rules regarding token listing, delisting, trading, clearing, settlement, and market making.

Crypto / Digital Assets

FSC Korea Issues Regulations for New Virtual Assets Law

By Manesh Samtani | 16/07/2024

The regulations specify how the virtual asset market will be supervised and illegal activities will be investigated. The new law takes effect on Friday.