Cryptocurrency

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

    Cryptocurrency

    UnionBank Becomes First Philippine Bank to Enable Crypto Trading

    By Editors | 30/08/2022

    UnionBank has also been exploring other uses of blockchain technology, as it seeks to future-proof its business and expand its metaverse footprint.

    Cryptocurrency

    MAS Seeking Granular Business Activity Info From Crypto Firms

    By Editors | 29/08/2022

    The exercise is reportedly aimed at gathering information from crypto-related firms in Singapore ahead of planned regulatory changes for the sector.

    PEPs & Sanctions

    US Lawmaker Seeks Clarity on Tornado Cash Sanctions

    By Editors | 28/08/2022

    US Congressman Tom Emmer says the designations against Tornado Cash wallet addresses are a “divergence from previous OFAC precedent”.

    Emerging Prudential Risks

    Canada OFSI Issues Guidance on Bank Treatment of Crypto

    By Mark Johnston | 28/08/2022

    OFSI provides no recognition (i.e., a 100% haircut) for Group 2 cryptoassets held as collateral, but is seeking views on hedging practices that could warrant a lower haircut.

    Tokenisation

    Shanghai Data Exchange Opens New Board for NFT-Like Assets

    By Editors | 27/08/2022

    Digital assets that can be traded on the new board are “non-monetary assets” owned in digital form for cultural and creative purposes.

    Cryptocurrency

    Malaysia SC Adds Huobi to Investor Alert List

    By Editors | 25/08/2022

    The Securities Commission said Huobi is operating a digital asset exchange without being registered with the regulator.

    Cryptocurrency

    FDIC Orders Crypto Firms to Correct Misrepresentations

    By Editors | 24/08/2022

    Five crypto firms were ordered to correct false representations stating or suggesting that certain crypto-related products are FDIC-insured.

    Cryptocurrency

    Korean Police Pilots Crypto Seizures to Settle Unpaid Fines

    By Editors | 24/08/2022

    The programme was introduced as a way to collect unpaid fines in a contactless way. The amount seized reportedly exceeded all collections made in the last three years.

    Conduct, Culture & Accountability

    ASIC Outlines Strategic Priorities in New Corporate Plan

    By Sanday Chongo Kabange | 24/08/2022

    ASIC will prioritise work to protect investors from the crypto risks, misconduct including greenwashing, and other harms.

    Cryptocurrency

    Indonesia Stops Registering New Crypto Businesses

    By Editors | 24/08/2022

    The moratorium is intended to allow the regulator to focus on improving the governance of crypto exchanges that are already registered.

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