Crypto / Digital Assets

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    Crypto / Digital Assets

    Mainland Banks Offer Services to Hong Kong Crypto Firms

    By Editors | 28/03/2023

    Mainland Chinese banks have reportedly started offering banking services to crypto firms in Hong Kong, which is seeking to become a major digital assets hub.

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    AML / KYC

    CFTC Alleges Binance is Operating in the US Illegally

    By Editors | 28/03/2023

    The CFTC says Binance’s US activities were subject to registration and regulatory requirements but that key executives deliberately disregarded these requirements.

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    Crypto / Digital Assets

    US SEC Warns Against Investing in Crypto Assets

    By Sanday Chongo Kabange | 24/03/2023

    The SEC warns against dealing with unregistered crypto platforms and in unregistered crypto asset securities, though it doesn’t have a registration path for such products.

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    Crypto / Digital Assets

    UPDATED – Terraform Labs Founder Do Kwon Arrested and Charged

    By Editors | 24/03/2023

    Do Kwon was arrested in Montenegro. SDNY prosecutors released an indictment and will seek his extradition to the US.

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    Crypto / Digital Assets

    US SEC Warns Coinbase of Impending Enforcement Action

    By Manesh Samtani | 24/03/2023

    Coinbase met with the SEC 30 times over 9 months and spent millions of dollars trying to help it create a registration path for crypto exchanges.

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    Fintech / Regtech

    ESMA Goes Live With New DLT Pilot Regime

    By Editors | 23/03/2023

    Firms can apply for permission to operate DLT-based market infrastructures and receive exemptions from the MiFIR, MiFID II and CSDR.

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    Crypto / Digital Assets

    FASB Opens Consultation on New Crypto Accounting Standard

    By Editors | 23/03/2023

    Fair value accounting will more accurately reflect the underlying economics of crypto assets and provide more decision-useful information.

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    Capital / Liquidity

    BCBS to Assess Financial Stability Risks of Higher Interest Rates

    By Editors | 23/03/2023

    The BCBS will also consult on revisions to its Core principles for effective banking supervision and on a Pillar 3 disclosure framework for climate-related financial risks.

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    Capital / Liquidity

    APRA Directs Banks to Declare Links to Crypto Firms

    By Sanday Chongo Kabange | 23/03/2023

    APRA has asked banks to declare and report their business ties to crypto firms and start-ups, which worry increased supervision will make it harder to access financial services.

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    Crypto / Digital Assets

    Eurex to Launch Europe’s First Bitcoin Futures Contract

    By Editors | 23/03/2023

    The contract, developed in partnership with FTSE Russell and Digital Asset Research, will launch on 17 April 2023.

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