CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Nomura to Establish New Subsidiary Dedicated to Digital Assets

By Editors | 18/05/2022

The new subsidiary will combine digital asset services under a single entity that will have about 100 staff by end-2024.

Crypto / Digital Assets

Korea Regulators Probe Crypto Industry Over Terra Collapse

By Editors | 18/05/2022

Korean crypto exchanges have been asked to share their data on UST and LUNA transactions including and the number of affected investors.

AML / KYC

US Treasury Outlines Plans to Combat Illicit Finance

By Editors | 17/05/2022

Treasury highlighted efforts to address illicit finance risks associated with shell companies, all-cash real estate purchases, and virtual assets.

Crypto / Digital Assets

South Korea to Enact ‘Digital Assets Basic Act’ in 2023

By Editors | 17/05/2022

More banks will be able to offer services to crypto investors. The Bank of Korea Act will be revised to allow CBDC introduction.

Fintech / Regtech

FASB Commences Review of Accounting Rules for Digital Assets

By Editors | 16/05/2022

Crypto industry participants as well as ISDA are calling for the FASB to allow digital assets to be recorded on financial statements at fair value.

Crypto / Digital Assets

India’s NSDL Launches Blockchain Platform for NCD Market

By Editors | 16/05/2022

The new platform will record NCD creation, continuously monitor covenants and asset cover, and track credit ratings.

AML / KYC

ISDA AGM Highlights Global Scrutiny of Crypto Sector

By Manesh Samtani | 14/05/2022

Senior officials from the FSB, Basel Committee, US SEC, and CFTC spoke at ISDA’s AGM about the need for more regulation in the crypto sector.

Fintech / Regtech

CBOE Australia Commences Trading in First Three Crypto ETFs

By Editors | 13/05/2022

Cosmos launched a feeder ETF offering indirect bitcoin exposure. 21Shares and ETF Securities launched a bitcoin ETF and an ether ETF, offering direct exposure.

Market Infrastructure

UK Unveils Legislative Agenda for Financial Services, Markets

By Manesh Samtani | 12/05/2022

The agenda includes support for safe crypto adoption, stronger powers to tackle illicit finance, and better fraud protections for consumers.