Crypto / Digital Assets

Fintech / Regtech

Stanchart, PwC Examine CBDC Opportunities in GBA

By Sanday Chongo Kabange | 06/06/2023

The paper says the GBA is an ideal launch pad for CBDC pilots given its use of three different currencies and monetary authorities.

Crypto / Digital Assets

Hong Kong Firms Launch Virtual Asset Rating Agency

By Editors | 06/06/2023

The Hong Kong Virtual Assets Consortium will provide a ratings service for crypto asset exchanges and exchange-traded products.

Crypto / Digital Assets

Russia Drops Plan to Establish National Crypto Exchange

By Mark Johnston | 06/06/2023

The country now plans to create rules that will enable multiple crypto trading platforms to be established and conduct cross-border transactions.

Crypto / Digital Assets

US SEC Charges Coinbase for Alleged Securities Law Violations

By Manesh Samtani | 06/06/2023

Ten US states separately accused Coinbase of securities law violations. CEO Brian Armstrong said the SEC lawsuit will help establish clarity around crypto rules.

Crypto / Digital Assets

US Lawmakers Propose Crypto Bill to Clarify SEC, CFTC Oversight Roles

By Mark Johnston | 06/06/2023

The bill would create a new category of regulated entities under the CFTC called digital commodity exchanges.

Crypto / Digital Assets

Crypto.com Receives Licence to Offer Crypto Services in Singapore

By Sanday Chongo Kabange | 06/06/2023

CEO Kris Marszalek said Crypto.com is proud to receive a licence from a regulator that “prioritises consumer protection, safety and security”.

Crypto / Digital Assets

US SEC Charges Binance for “Elaborate Scheme” to Evade Law

By Manesh Samtani | 06/06/2023

CEO Changpeng Zhao said the lawsuit was the latest example of “regulation by enforcement” and that the SEC seeks a “near eradication” of the crypto industry.

Securities / Derivatives

CFTC Proposes Rule Update to Account for Crypto and Cyber Risks

By Editors | 05/06/2023

The CFTC is considering requiring firms to update their risk management frameworks to account for related to crypto, AI, cyber, and climate.

AML / KYC

SFC Issues Guidance on Crypto Licensing Transitional Arrangements

By Manesh Samtani | 05/06/2023

Crypto firms with “meaningful and substantial presence” in Hong Kong prior to 1 June 2023 can continue to provide services.