Cryptocurrency

Stablecoins

UK Gov Publishes Financial Services and Markets Bill

By Editors | 22/07/2022

The bill establishes HM Treasury’s authority to make regulations for digital assets including stablecoins.

Fraud, Scams & Cybercrime

ACCC Chair Calls for Joint Response to Financial Scams

By Sanday Chongo Kabange | 21/07/2022

ACCC chair Gina Cass-Gottlieb says banks have a responsibility to protect customers from investing in scam cryptocurrency schemes.

Cryptocurrency

Korean Banks Seek Regulatory Easing to Enter Crypto Market

By Editors | 21/07/2022

Korean banks have reportedly asked the FSC to ease regulations and issue licenses allowing them to operate digital asset businesses.

Fraud, Scams & Cybercrime

Fraud Risk: An Industry Priority for the Crypto Space

By Editors | 20/07/2022

Experts say crypto firms have a responsibility and moral obligation to have anti-fraud controls in place, and that this will help create trust in the industry.

CBDCs

China CBDC Tests to be Extended to 23 Pilot Sites

By Editors | 20/07/2022

The PBOC’s Zou Lan said the digital currency has played a positive role in promoting consumption, boosting domestic demands, and stabilising economic growth.

Cryptocurrency

MAS to Introduce More Comprehensive Rules for Crypto Sector

By Manesh Samtani | 19/07/2022

MAS will share its strategy for developing Singapore as a digital asset hub in August. New rules for crypto will be proposed in September or October.

PEPs & Sanctions

How North Korean Cryptocurrency Abuse Is Expanding

By Sasha Erskine | 18/07/2022

Countries must secure new and emerging gateways that are used to circumvent sanctions, as North Korea’s exploitation of cryptocurrency continues.

Capital Adequacy

BCBS Treatment of Banks’ Crypto Exposures Still Constraining: ISDA

By Manesh Samtani | 18/07/2022

ISDA chief executive Scott O’Malia says the new group 2 exposure limit presents a “significant constraint” on the extent to which banks can participate.

Cryptocurrency

UK Commences Inquiry Into Crypto Asset Risks and Opportunities

By Editors | 17/07/2022

A UK parliamentary committee is collecting evidence on the opportunities and risks that crypto-assets may bring to consumers, businesses and the government.