Cryptocurrency

Cryptocurrency

ISDA to Publish Draft Standards for Crypto Derivatives by Year End

By Manesh Samtani | 15/11/2022

ISDA will also consider developing collateral documentation for OTC crypto derivatives transactions and standard contracts for crypto swaps and physically-settled transactions.

Cryptocurrency

Singapore and Hong Kong Regulators Address FTX Queries

By Editors | 15/11/2022

MAS said FTX is neither licensed nor exempt from licensing in Singapore. Hong Kong’s SFC said licensed fund managers’ exposure to FTX is “immaterial”.

Anti-Money Laundering

FTX Bankruptcy, Secret Transfers, and Regulatory Probes

By Manesh Samtani | 14/11/2022

FTX files for Chapter 11 bankruptcy protection in Delaware as regulators in multiple jurisdictions investigate allegations of illegal activity.

Emerging Prudential Risks

FSB Letter to G20 Highlights Risks from Debt, Crypto, Climate

By Manesh Samtani | 13/11/2022

The FSB is concerned with record-high debt levels, structural vulnerabilities in crypto, and climate-related financial risks.

Cryptocurrency

KakaoBank to Open Accounts for Coinone Exchange Users

By Editors | 13/11/2022

Coinone will end its partnership with Nonghyup Bank to increase online withdrawal and deposit limits with KakaoBank.

Cryptocurrency

RBNZ Considers Need to Regulate Crypto Assets

By Editors | 11/11/2022

The RBNZ plans to publish an issues paper on the potential need to regulate private cryptoassets early next month.

Cryptocurrency

HashKey Obtains New Approvals in Hong Kong, Singapore

By Editors | 10/11/2022

HashKey has full approval to operate a crypto trading platform in Hong Kong and in-principle approval to offer fund management services in Singapore.

PEPs & Sanctions

OFAC Redesignated Tornado Cash to Link to DPRK WMD Programme

By Editors | 10/11/2022

The August designation did not connect Tornado Cash to North Korea’s nuclear programme.

Cryptocurrency

Binance Backs Out of FTX Deal, Citing Regulatory Probes

By Manesh Samtani | 10/11/2022

The US DOJ, SEC and CFTC are investigating FTX over its crypto lending products, handling of customer funds, and relationship with its US entity.