Cryptocurrency

Cryptocurrency

WEF Consortium Assesses Macro Impact of Crypto, Stablecoins

By Editors | 26/07/2022

Allowing crypto and stablecoins to play a role in the economy will bring the “highest macroeconomic net benefit to society”, the research finds.

PEPs & Sanctions

UK Requires Crypto Firms to Report Sanctions Breaches

By Editors | 26/07/2022

New regulations will require crypto exchanges and wallet providers to comply with OFSI’s reporting obligations from 30 August 2022.

Cryptocurrency

US SEC Plans to Require Registration from Crypto Lending Firms

By Mark Johnston | 26/07/2022

SEC Chair Gary Gensler said many crypto lenders operate investment companies or banks, and that they should have to be registered under securities law.

Cryptocurrency

South Korea Deferred Crypto Tax Plans Two Years

By Editors | 25/07/2022

The plan to tax crypto was deferred due to stagnant market conditions and a desire to first improve investor protections in the crypto sector.

DeFi & Web3

Hong Kong as a Legal Centre of Excellence for Digital Finance

By Troy Song | 25/07/2022

Many crypto exchanges and institutions already choose Hong Kong as the place to resolve their disputes, but more need to be done, says Troy Song.

Market Abuse

US DOJ Charges Ex-Coinbase Employee for Insider Trading

By Manesh Samtani | 25/07/2022

A former Coinbase employee and two others were charged. The SEC’s parallel action classifies 9 crypto tokens as securities. Coinbase files a petition.

Climate Risk

ECB Calls Out Crypto Assets for ‘Outsized Carbon Footprint’

By Editors | 24/07/2022

The ECB calls on investors and financial institutions to evaluate whether crypto undermines their ESG objectives and climate strategy.

Tokenisation

ISSA Finds ‘Major Upsurge’ in DLT Use in Financial Markets

By Editors | 24/07/2022

Over 30% of the industry using DLT in live production, finds ISSA survey, conducted by the ValueExchange with support from Accenture, Broadridge and VMWare.

Cryptocurrency

Japan FSA Dissatisfied With Crypto Industry Self-Regulation – Report

By Editors | 24/07/2022

Japan’s self-regulatory body for the crypto industry is being criticised for poor governance, lack of skilled staff, and slow implementation of AML rules.