Crypto / Digital Assets

Crypto / Digital Assets

Fraud Risk: An Industry Priority for the Crypto Space

By Editors | 20/07/2022

Experts say crypto firms have a responsibility and moral obligation to have anti-fraud controls in place, and that this will help create trust in the industry.

Crypto / Digital Assets

China CBDC Tests to be Extended to 23 Pilot Sites

By Editors | 20/07/2022

The PBOC’s Zou Lan said the digital currency has played a positive role in promoting consumption, boosting domestic demands, and stabilising economic growth.

Crypto / Digital Assets

MAS to Introduce More Comprehensive Rules for Crypto Sector

By Manesh Samtani | 19/07/2022

MAS will share its strategy for developing Singapore as a digital asset hub in August. New rules for crypto will be proposed in September or October.

Crypto / Digital Assets

BOK to Commence CDBC Testing with Ten Commercial Banks

By Sanday Chongo Kabange | 18/07/2022

The ten banks including Shinhan Bank and NH Nonghyup Bank will test CBDC remittances and payments between individual users.

AML / KYC

How North Korean Cryptocurrency Abuse Is Expanding

By Sasha Erskine | 18/07/2022

Countries must secure new and emerging gateways that are used to circumvent sanctions, as North Korea’s exploitation of cryptocurrency continues.

Capital / Liquidity

BCBS Treatment of Banks’ Crypto Exposures Still Constraining: ISDA

By Manesh Samtani | 18/07/2022

ISDA chief executive Scott O’Malia says the new group 2 exposure limit presents a “significant constraint” on the extent to which banks can participate.

Crypto / Digital Assets

UK Commences Inquiry Into Crypto Asset Risks and Opportunities

By Editors | 17/07/2022

A UK parliamentary committee is collecting evidence on the opportunities and risks that crypto-assets may bring to consumers, businesses and the government.

Crypto / Digital Assets

US Treasury Consults on Digital Asset Risks and Opportunities

By Editors | 17/07/2022

The request for comment seeks input on the opportunities and risks digital assets may pose to consumers, investors, businesses, and financial markets.

Crypto / Digital Assets

Thailand Refines Rules for Crypto Firms, Issues Draft Rules for Banks

By Manesh Samtani | 15/07/2022

The SEC amended capital requirements and other rules for crypto firms. The BOT issued draft rules for banks dealing in crypto. Two crypto exchanges were penalised.