Crypto / Digital Assets

Crypto / Digital Assets

FSB, IMF Publish Global Regulatory Roadmap for Crypto

By Manesh Samtani | 08/09/2023

The joint report says comprehensive regulatory and supervisory oversight of crypto-assets should be a baseline to address macroeconomic and financial stability risks.

Crypto / Digital Assets

RBI Seeking to Develop More Use Cases for CBDC

By Editors | 07/09/2023

The RBI plans to start allowing the use of CBDC in the call money market, which is used for short-term interbank borrowing.

AML / KYC

Taiwan Set to Issue New Regulatory Guidelines for Crypto Sector

By Editors | 07/09/2023

The guidelines will prohibit unregistered overseas firms from operating in and soliciting business from Taiwan.

Crypto / Digital Assets

FASB Votes to Adopt New Crypto Accounting Standard

By Manesh Samtani | 07/09/2023

Under the new rules, companies will be required to measure crypto assets using fair value accounting, instead of the existing cost-less-impairment model.

Crypto / Digital Assets

Korea: Hana Bank, BitGo to Jointly Develop Crypto Custody Business

By Editors | 07/09/2023

Hana Bank says the custody business will help strengthen trust in the domestic digital asset market and reinforce consumer protection.

Crypto / Digital Assets

UK Completes Discovery Phase of ‘Regulated Liability Network’

By Editors | 06/09/2023

In the next phase, a PoC will continue testing the Regulated Liability Network for consumer domestic payments involving retail CBDC.

Crypto / Digital Assets

MAS Grants RMO Licence to Digital Asset Exchange AsiaNext

By Editors | 06/09/2023

AsiaNext, formed in 2021 as a joint venture between SBI Digital Asset Holdings and SIX Group, will cater exclusively to institutions.

Crypto / Digital Assets

WFE Publishes Research on Exchange Engagement with Crypto Market

By Manesh Samtani | 06/09/2023

WFE survey found that almost half of the respondent exchanges already offer some crypto-related product or service in response to mostly retail demand.

Capital / Liquidity

FSB Warns of ‘Further Shocks’ in G20 Progress Update

By Manesh Samtani | 06/09/2023

The update also discusses the FSB’s work to address NBFI risks, implement its recommendations on crypto regulations, and respond to climate-related risks.