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Crypto / Digital Assets
Crypto / Digital Assets
Ripple Scores Partial Victory in SEC Case
By Manesh Samtani | 17/07/2023
The court ruled that XRP is not a security when sold in the secondary market. The case will proceed to trial to determine if institutional sales of XRP were unregistered securities offerings.
Crypto / Digital Assets
Stablecoins Can Destabilise Financial Markets: NY Fed
By Jill Wong | 17/07/2023
A report by the Federal Reserve Bank of New York says the run on Terra shows how stablecoins can potentially destabilise financial markets and economies.
Crypto / Digital Assets
US Probe Prompts Staff and Executive Departures at Binance – Reports
By Editors | 17/07/2023
Over 1,000 employees have reportedly been laid off in recent weeks. A number of key senior executives have also departed.
AML / KYC
Singapore ACIP Issues Guidance on Managing Crypto-Related ML/TF Risk
By Manesh Samtani | 17/07/2023
FIs are encouraged to actively identify customers with a nexus to cryptocurrencies, and to apply EDD where ML/TF and sanctions risks are assessed to be higher.
Crypto / Digital Assets
US Agencies Settle Charges Against Crypto Lender Celsius Network
By Manesh Samtani | 16/07/2023
Celsius Network and founder Alexander Mashinsky charged for failing to register crypto lending product, defrauding customers, manipulating price of CEL token.
Crypto / Digital Assets
US Judge Skeptical of SEC Stance Against Coinbase
By Editors | 15/07/2023
In a pre-motion hearing, the judge suggested it was reasonable for Coinbase to think they were not breaking the law based on the SEC’s issuance of the S-1 form.
Crypto / Digital Assets
Stablecoins Threaten Policy Sovereignty, Says RBI Deputy Governor
By Mark Johnston | 14/07/2023
Stablecoins are only beneficial to linked economies, such as the US and Europe, but not to India, said T Rabi Sankar.
Crypto / Digital Assets
FSB Delivers Key Updates on Crypto, Climate to G20
By Manesh Samtani | 14/07/2023
The FSB said attention must now turn to implementation of its new crypto regulatory standards; Updated roadmap on climate risks is published.
Crypto / Digital Assets
US SEC Accepts Application from BlackRock to List Spot Bitcoin ETF
By Mark Johnston | 14/07/2023
The US SEC’s acceptance of BlackRock’s proposal marks the commencement of an official review of other Bitcoin ETF applications.
Crypto / Digital Assets
HDFC Bank Implements Interoperability between CBDC and UPI
By Editors | 13/07/2023
HDFC Bank customers with UPI IDs can use the QR code at retail shops to transfer funds directly from their CBDC wallets.
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