Crypto / Digital Assets

Japan's organised crime law currently only allows seizures of real property, movable assets and monetary claims, but not crypto assets.

The BOE will seek views from the public later this year about the possible issuance of a CBDC in the "second half of the decade" at the earliest.

The guidance outlines criteria specifically addressing stablecoin redeemability, asset reserve requirements, and independent audit requirements.

The SEC is also investigating market making companies owned by Binance's CEO and whether company insiders may have engaged in trading abuses.

The paper says the US should help foreign nations develop the tools, technical expertise, and infrastructure necessary to conduct complex crypto-related investigations.

Australia has seen a sharp increase in investment scams this year. Text messages have become the most common scam contact mode.

The CFTC would be granted authority over crypto spot markets, based on the understanding that "most digital assets are more similar to commodities than securities".

Fragmentation without interoperability implies that cryptocurrencies cannot fulfil the role of money as a coordination device, the paper says.

Some NFTs have 'crossed the boundary' between a collectible and a financial asset, which would bring them under the SFC's remit and require licensing.

EBA, EIOPA and ESMA propose that AML/CTF compliance be a specific requirement for firms, including crypto firms, to obtain and maintain their licences.