Cryptocurrency

    Reporting on regulatory frameworks, enforcement actions, adoption trends, and risks associated with decentralised digital currencies like Bitcoin and Ethereum.

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    Cryptocurrency

    FTX Japan Processes $50m in Withdrawals on Day One of Reopening

    By Editors | 25/02/2023

    Japan law requires crypto exchanges to keep users’ assets segregated, which prevented FTX Japan from being included in the US bankruptcy proceedings.

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    CBDCs

    BIS Head Outlines Vision for Future Monetary System

    By Mark Johnston | 24/02/2023

    Agustin Carstens said the disappearance of $2tr in value from the crypto market in 2022 proves that cryptocurrencies cannot be a viable alternative to fiat.

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    Liquidity Risk

    US Regulators Warn of Liquidity Risks Tied to Crypto Assets

    By Editors | 24/02/2023

    US federal banking regulators highlight key liquidity risks and some effective practices to monitor and appropriately manage those risks. US […]

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    Stablecoins

    Regulatory Scrutiny Causing Seismic Shifts in Stablecoin Market

    By Sam Chen | 24/02/2023

    Since the NYDFS ordered Paxos to stop minting BUSD, the world’s third-largest stablecoin, its market cap has shrunk by over $4bn.

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    Sustainable Finance

    Hong Kong Budget to Advance Green, Crypto Hub Ambitions

    By Manesh Samtani | 23/02/2023

    Financial Secretary Paul Chan announced in the government’s 2023-2024 budget that he will establish and lead a task force on virtual asset development.

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    Cryptocurrency

    Australian Crypto Exchange Reopens After FTX Loss

    By Editors | 22/02/2023

    Customers of Digital Surge are allowed to make deposits, withdrawals, and trade, months after AUD 33 million of its digital assets became locked up in FTX.

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    Cryptocurrency

    NYDFS Enhances Capabilities to Detect Crypt-related Crime

    By Editors | 22/02/2023

    The additional capabilities will help NYDFS detect insider trading, market manipulation, and front-running activity.

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    Cryptocurrency

    SFC Consults on New Licensing Regime for Crypto Trading Platforms

    By Manesh Samtani | 20/02/2023

    The consultation sets out requirements under the new licensing regime, including safeguards for retail investors, travel rule requirements, and maximum penalties for misconduct.

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    Anti-Money Laundering

    Hong Kong Re-rated on Two FATF Recommendations

    By Manesh Samtani | 20/02/2023

    Hong Kong was upgraded for extending AML/CFT supervision to most DNFBP sectors, but downgraded for virtual asset-related deficiencies.

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    DeFi & Web3

    GBBC Digital Finance Joins IOSCO as Affiliate Member

    By Editors | 20/02/2023

    GBBC Digital Finance will this year prioritising work to construct a DeFi education and engagement platform.

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