Crypto / Digital Assets

BIS says crypto and DeFi have structural limitations and inherent risks that make them unsuitable for the future digital monetary system.

The UK scrapped a proposal to require both fiat currency and cryptoasset transfers to be considered when calculating the de minimis threshold, which has been set at EUR 1,000.

Crypto miners can choose which transactions they add to ledgers and in which order, allowing them to front-run markets.

Circulars were sent to listed companies regarding digital assets. The SEC's final advertising rules will take effect on 16 July. Huobi has exited the Thai market.

The FSS will be led by former prosecutor Lee Bok-hyun, while the FSC will be led by Kim Joo-hyun, who helped guide Korea through the 2008 crisis.

Under a new system being proposed, crypto exchanges will coordinate to stop trading in tokens that become excessively volatile within 24 hours.

The first three Eurosystem Centre projects will focus on crypto markets, quantum-resistant cryptography for payments, and climate-related disclosures.

Withdrawals have been suspended one week. Celsius says it is continuing efforts to stabilise its liquidity and operations, and that the process "will take time".

FATF will soon publish an update on travel rule implementation in the crypto industry, a report on collaborative analytics, and new guidance for the real estate sector.

The SEC is reportedly seeking information about how crypto exchanges protect their users from insider trading on their platforms.