Crypto / Digital Assets

Crypto / Digital Assets

US SEC Fines Former NBA Star Over Crypto Promotion

By Editors | 20/02/2023

Paul Pierce promoted crypto asset securities known as EMAX tokens on social media without disclosing that he was paid to do so.

Crypto / Digital Assets

BOJ Confirms Plans to Launch CBDC Pilot Programme in April

By Editors | 19/02/2023

The BOJ will conduct simulated digital yen transactions with private firms starting in April to test the “end-to-end” process flow and identify connectivity challenges.

Capital / Liquidity

EU Banks Will Have to Meet 1,250% Crypto Risk Weight Early

By Manesh Samtani | 19/02/2023

A draft law confirms that the 1,250% risk weight set by the BCBS will apply to crypto asset exposures. But EU banks are asked to comply before the rule is legally binding.

AML / KYC

All Crypto ATMs Operating in the UK Are Illegal: FCA

By Editors | 18/02/2023

No crypto ATM operators currently have FCA registration, but the locations of several such machines have been established by authorities.

Crypto / Digital Assets

Crypto Crime Rose to Over $20b in 2022: Chainalysis

By Editors | 17/02/2023

Overall, Chainalysis says illicit activity in cryptocurrency remains a small share of total volume at less than 1 percent.

Crypto / Digital Assets

CFTC Charges California Firm for ‘Ponzi-like’ Crypto Fraud

By Editors | 17/02/2023

Vista Network Technologies and its CEO advertised to customers that it would trade their digital assets using “robot traders” which did not exist.

Crypto / Digital Assets

US SEC Files Securities Fraud Charges Over Terra Collapse

By Editors | 17/02/2023

The Terraform ecosystem was ‘simply a fraud propped up by a so-called algorithmic stablecoin’, says Gurbir Grewal.

Crypto / Digital Assets

Hong Kong Issues First-of-its-kind Tokenised Green Bond

By Editors | 17/02/2023

Financial Secretary Paul Chan said the issuance demonstrates Hong Kong’s strengths in combining bond market, green and sustainable finance, and fintech.

Crypto / Digital Assets

Siemens Issues First Blockchain-based Digital Bond

By Editors | 17/02/2023

Siemens said it sold the bond directly to investors without engaging CSDs, and the transaction was completed within two days.