Crypto / Digital Assets

AML / KYC

Tokenisation Will Improve Correspondent Banking Model: BIS Paper

By Manesh Samtani | 01/06/2024

The next generation of correspondent banking will make “previously closed corridors economically viable once again”.

Crypto / Digital Assets

UK Sees Launch of First Six Crypto ETN Products

By Editors | 31/05/2024

21Shares and WisdomTree launched a total six ETNs on the LSE, which are fully backed by physical holdings of Bitcoin or Ethereum.

Capital / Liquidity

EU Adopts Final Basel III Rules, Confirms Jan 2025 Roll-Out

By Manesh Samtani | 31/05/2024

Earlier this week, an ECB official said Basel III should be delayed in the EU if the US is too slow to adopt its own reform plan.

Crypto / Digital Assets

NYDFS Sets Customer Service Standards for Crypto Firms

By Editors | 31/05/2024

New NYDFS guidance sets expectations for crypto firms regarding customer service, complaints response and resolution, and reporting.

Crypto / Digital Assets

NYSE to Launch Cash-settled Bitcoin Index Options

By Editors | 31/05/2024

The options contracts will track the CoinDesk Bitcoin Price Index and are subject to regulatory approval.

Crypto / Digital Assets

‘Gemini Earn’ Investors Secure Return of $2b in Crypto Assets

By Editors | 30/05/2024

Investors are receiving their digital assets “in kind”, meaning they benefit from crypto price increases since withdrawals were halted in January 2023.

Securities / Derivatives

Major FMIs Offer Blueprint for Digital Asset Ecosystem

By Editors | 30/05/2024

DTCC, Clearstream And Euroclear seek to promote the adoption and acceptance of tokenisation and digital asset securities.

Crypto / Digital Assets

Authorities Take Down “World’s Largest” Malicious Botnet

By Editors | 30/05/2024

US authorities, with international partners, arrested the botnet’s administrator and seized infrastructure and assets.

Crypto / Digital Assets

US Treasury Publishes Illicit Finance Risk Assessment on NFTs

By Editors | 30/05/2024

NFTs are “highly susceptible” to use in fraud and scams, but “rarely” used for proliferation financing or terrorist financing.