CRYPTO / DIGITAL ASSETS

Enforcement

Korean Prosecutors Impose Flight Ban on Terra Employees

By Editors | 23/06/2022

The travel ban is meant to prevent dozens of Terraform Labs employees in Korea from leaving the country to avoid being summoned for questioning.

Crypto / Digital Assets

BIS Innovation Hub Outlines Lessons from CBDC Experiments

By Manesh Samtani | 23/06/2022

The report covers four experiments, Project Inthanon-LionRock, Project Jura, Project Dunbar, and Project mBridge.

Crypto / Digital Assets

MAS Grants Three More In-Principle Approvals to Crypto Firms

By Manesh Samtani | 22/06/2022

Deputy PM Heng Swee Keat said in-principle approvals were being issued to three more DPT licence applicants, later identified as Crypto.com, Genesis and Sparrowtech.

Crypto / Digital Assets

India: Crypto Exchanges Call on NPCI to Restore UPI Services

By Mark Johnston | 22/06/2022

Since April, Indian crypto exchanges have not been able to accept deposits via the UPI. BACC members are asking for a reversal of the decision.

Crypto / Digital Assets

BISIH London to Develop API Prototypes for Retail CBDC

By Editors | 22/06/2022

Project Rosalind aims to develop APIs for retail CBDC distribution that best enable a central bank ledger to interact with private sector service providers.

Crypto / Digital Assets

Taiwan Central Bank Warns Against Investing in NFT Market

By Darien Choong | 22/06/2022

NFTs are not suitable for retail investors, due to a lack of regulation, liquidity, and clarity over ownership, the central bank says.

Crypto / Digital Assets

BIS Vision for Monetary System Doesn’t Include Crypto

By Manesh Samtani | 21/06/2022

BIS says crypto and DeFi have structural limitations and inherent risks that make them unsuitable for the future digital monetary system.

Crypto / Digital Assets

UK Crypto Firms Required to Comply with Travel Rule by Sep 2023

By Manesh Samtani | 20/06/2022

The UK scrapped a proposal to require both fiat currency and cryptoasset transfers to be considered when calculating the de minimis threshold, which has been set at EUR 1,000.

Big Picture

BIS Bulletin Raises Concerns Over Front-running by Crypto Miners

By Editors | 20/06/2022

Crypto miners can choose which transactions they add to ledgers and in which order, allowing them to front-run markets.