CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

US Prosecutors Unveil More Charges Against FTX Founder

By Editors | 26/02/2023

The additional charges allege that Sam Bankman-Fried conspired to commit bank fraud and to make more than 300 illegal political donations.

Crypto / Digital Assets

Crypto-focused Custodia Bank Continues to Pursue Fed Master Account

By Editors | 26/02/2023

The Fed board refused to reconsider its decision to reject Custodia Bank’s application to become a member of the Federal Reserve System.

Crypto / Digital Assets

FTX Japan Processes $50m in Withdrawals on Day One of Reopening

By Editors | 25/02/2023

Japan law requires crypto exchanges to keep users’ assets segregated, which prevented FTX Japan from being included in the US bankruptcy proceedings.

Big Picture

BIS Head Outlines Vision for Future Monetary System

By Mark Johnston | 24/02/2023

Agustin Carstens said the disappearance of $2tr in value from the crypto market in 2022 proves that cryptocurrencies cannot be a viable alternative to fiat.

Crypto / Digital Assets

US Indicts Russian Actors Over Crypto Pyramid and Ponzi Scheme

By Editors | 24/02/2023

The charges include one count of conspiracy to commit wire fraud for each of the four defendants, who were among the 11 charged by the SEC last year.

Capital / Liquidity

US Regulators Warn of Liquidity Risks Tied to Crypto Assets

By Editors | 24/02/2023

US federal banking regulators highlight key liquidity risks and some effective practices to monitor and appropriately manage those risks. US […]

Crypto / Digital Assets

Regulatory Scrutiny Causing Seismic Shifts in Stablecoin Market

By Sam Chen | 24/02/2023

Since the NYDFS ordered Paxos to stop minting BUSD, the world’s third-largest stablecoin, its market cap has shrunk by over $4bn.

Crypto / Digital Assets

Hong Kong Budget to Advance Green, Crypto Hub Ambitions

By Manesh Samtani | 23/02/2023

Financial Secretary Paul Chan announced in the government’s 2023-2024 budget that he will establish and lead a task force on virtual asset development.

Fintech / Regtech

Deutsche Bank Develops Investment Servicing Platform for Digital Funds

By Editors | 23/02/2023

The platform will make it easier for firms to launch and administer digital investment funds, which may comprise crypto, tokenised securities and other digital assets.