Crypto / Digital Assets

Fintech / Regtech

MAS to Exempt Some Market Operators from ACH/RCH Rules

By Editors | 10/09/2023

The exemption applies to platforms that provide services to facilitate trading and settlement, but don’t actually act as a central counterparty of clear or settle trades centrally.

Crypto / Digital Assets

Fourth Former FTX Executive Pleads Guilty to US Charges

By Editors | 10/09/2023

The former co-chief of FTX Bahamas pleaded guilty to making unlawful political donations and operating an illegal money-transmitting business.

Crypto / Digital Assets

CFTC Commissioner Urges Creation of Crypto Regulatory Sandbox

By Manesh Samtani | 10/09/2023

CFTC commissioner Caroline Pham said creating a pilot programme will enable the safe exploration of innovations involving crypto, digital assets, and tokenisation.

Crypto / Digital Assets

DeFi Unlikely to Be Used for Real-world Assets: BIS Paper

By Manesh Samtani | 10/09/2023

BIS paper examines the problems associated with oracles, which collect and disseminate data for use in DeFi smart contracts.

Crypto / Digital Assets

UK FCA Issues Guidance on New Crypto Advertising Rules

By Manesh Samtani | 10/09/2023

The FCA is “concerned” about crypto firms that have not engaged with it on the new advertising rules, which come into force next month.

Crypto / Digital Assets

BSP Announces Key Technology Decision for CBDC Pilot

By Sanday Chongo Kabange | 10/09/2023

Participating financial institutions will test the use of wholesale CBDC technology alongside PhilPaSSplus in a sandbox environment.

Crypto / Digital Assets

Turkish Court Sentences Crypto Founder to 11,000 Year Jail Term

By Mark Johnston | 08/09/2023

The founder of Thodex and his two siblings were sentenced for fraud, money laundering and leading a criminal organisation.

Crypto / Digital Assets

IOSCO Proposes Global Approach to Address DeFi Risks

By Manesh Samtani | 08/09/2023

The recommendations are predicated on the need to identify “responsible persons”, regardless of the operating model of the DeFi arrangement.

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.