CRYPTO / DIGITAL ASSETS

    Crypto / Digital Assets

    Bangladesh Bank to Assess Feasibility of Introducing CBDC

    By Editors | 14/06/2022

    A CBDC is needed to facilitate the growth of digital transactions and encourage startups and e-commerce businesses, the finance minister said.

    AML / KYC

    IMF Calls on Philippines to Enhance AML Supervision

    By Sanday Chongo Kabange | 14/06/2022

    Limited actions to amend bank secrecy laws present risks to the Philippines. Casinos, the gaming industry, and crypto exchanges are flagged as risky.

    Crypto / Digital Assets

    Regulating the Metaverse: A “Metacode” of Conduct

    By Kanv Pandit | 14/06/2022

    Kanv Pandit highlights the need for a ‘metacode of conduct’ to protect metaverse users from loss and fraud until regulation catches up.

    Crypto / Digital Assets

    ADDX to Recognise Crypto Assets for Investor Onboarding

    By Sanday Chongo Kabange | 14/06/2022

    ADDX will begin recognising bitcoin and ether using a 50 percent haircut and stablecoin USDC using a 10 percent haircut.

    ESG / Sustainability

    UK, Japan Formalise Arrangements on Regulatory Cooperation

    By Editors | 13/06/2022

    UK and Japan participants agreed to establish an innovation working group to provide a space for collaboration on payments, cryptoassets and financial innovation.

    Crypto / Digital Assets

    Korean Police Probe Possible Embezzlement at Terraform Labs

    By Editors | 13/06/2022

    Crypto exchanges are also being asked to draft guidelines on the listing and delisting of digital tokens, so as to protect investors from another Terra-like collapse.

    AML / KYC

    Japan Ministry Seeks Powers to Confiscate Crypto Assets

    By Editors | 12/06/2022

    Japan’s organised crime law currently only allows seizures of real property, movable assets and monetary claims, but not crypto assets.

    Crypto / Digital Assets

    BOE Publishes Primer Explaining Plans for Possible CBDC

    By Editors | 09/06/2022

    The BOE will seek views from the public later this year about the possible issuance of a CBDC in the “second half of the decade” at the earliest.

    Crypto / Digital Assets

    NYDFS Issues Regulatory Guidance for Stablecoin Issuers

    By Editors | 09/06/2022

    The guidance outlines criteria specifically addressing stablecoin redeemability, asset reserve requirements, and independent audit requirements.

    Crypto / Digital Assets

    US SEC Reportedly Probing Binance 2017 Token Offering

    By Editors | 09/06/2022

    The SEC is also investigating market making companies owned by Binance’s CEO and whether company insiders may have engaged in trading abuses.

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