Crypto / Digital Assets

AML / KYC

Hong Kong Seeks Status as Global Hub for Virtual Assets

By Manesh Samtani | 17/10/2022

A new policy statement to be issued at Hong Kong FinTech Week may spell out plans to include retail investors in the city’s VASP regime.

Crypto / Digital Assets

China Blocks 13 Crypto Apps Found to be Locally Accessible

By Editors | 16/10/2022

13 mobile apps for crypto trading that were still accessible in China have been removed from app stores at the direction of a Beijing court.

Crypto / Digital Assets

Tether Eliminates Commercial Paper from Stablecoin Reserves

By Manesh Samtani | 15/10/2022

“Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market,” the company said.

Crypto / Digital Assets

Thai SEC Orders Bitkub to Fix Standards of Native Token

By Editors | 15/10/2022

The SEC says KUB Coin’s so-called “adminTransfer” function could be used by attackers to transfer digital assets from any wallet.

Crypto / Digital Assets

FASB is Moving to Fair Value Accounting for Crypto Assets

By Manesh Samtani | 14/10/2022

The FASB has decided to move away from the current impairment model in favour of fair value accounting for crypto assets.

AML / KYC

US Treasury Facing 2nd Lawsuit Over Tornado Cash Sanctions

By Editors | 14/10/2022

Think tank Coin Center argues that the Tornado Cash sanctions harm US citizens and their ability to transact privately using the Ethereum network.

Crypto / Digital Assets

BNY Mellon Launches Digital Asset Custody Platform

By Editors | 13/10/2022

BNY Mellon is the first systemically important US bank to launch a crypto custody platform, leveraging technology from Fireblocks and Chainalysis.

Crypto / Digital Assets

Coinbase, Blockchain.com Win In-principle Approval in Singapore

By Editors | 12/10/2022

MAS has granted in-principle approval to Coinbase and Blockchain.com. Currently, nine firms have full licences to offer regulated crypto services in Singapore.

Market Infrastructure

FSB Updates G20 on Work to Strengthen Financial System Resilience

By Editors | 12/10/2022

FSB chair Klaas Knot says the outlook for global financial stability remains challenging, citing tighter financial conditions and higher inflation.