Crypto / Digital Assets

Crypto / Digital Assets

Hong Kong’s Favourable Crypto Climate Powers Transaction Volumes

By Nithya Subramanian | 02/10/2023

Hong Kong’s growing status as a crypto hub may be an indication of the Chinese government becoming more open to digital assets, said a study by Chainalysis.

Big Picture

Fed Report Assesses Financial Stability Risks of Stablecoins

By Mark Johnston | 01/10/2023

In a separate note, JP Morgan says the Fed’s decision to prevent stablecoins from accessing its overnight facilities could risk disruption in funding markets.

Crypto / Digital Assets

SFC Publishes Names of VATP Licence Applicants

By Editors | 01/10/2023

Four VATP operators have submitted licence applications to the SFC. Six entities are listed as ‘suspicious VATPs’.

Crypto / Digital Assets

BIS Innovation Hub Concludes Project Mariana Trials

By Editors | 29/09/2023

The project explored the use of DeFi automated market makers for the cross-border exchange of CBDC in different currencies.

Crypto / Digital Assets

BIS Calls for Greater Efforts on Legal Frameworks to Support CBDC

By Editors | 29/09/2023

BIS general manager Agustín Carstens said it is “simply unacceptable” that unclear or outdated legal frameworks could hinder CBDC deployment.

Enforcement

Korea Jails Four Individuals in Coinone Bribery Case

By Editors | 28/09/2023

Two former employees of Coinone were jailed for accepting bribes. Two brokers were also jailed for facilitating the bribes.

Crypto / Digital Assets

US Lawmakers Introduce Bill on Custody of Digital Assets

By Editors | 28/09/2023

The Uniform Treatment of Custodial Assets Act would rescind an SEC accounting bulletin that prevents banks from providing custodial services to digital assets investors.

Crypto / Digital Assets

ASIC Punishes Fintech Firm for Misrepresenting Crypto Product

By Sanday Chongo Kabange | 28/09/2023

Bobbob and its sole director are prohibited from providing financial services to retail clients for 12 months and paid A$53,000 in penalties.

Crypto / Digital Assets

WFE Issues Recommendations for Regulating Crypto Trading Platforms

By Editors | 28/09/2023

The six key principles will safeguard markets and enable the crypto sector to grow, said Nandini Sukumar, CEO of the World Federation of Exchanges.