Cryptocurrency

Cryptocurrency

CFTC Fines Crypto Firm FalconX $1.8m for Failure to Register

By Editors | 14/05/2024

FalconX allowed US customers to trade in crypto derivatives without registering as a futures commission merchant.

Cryptocurrency

MAS Grants Major Payment License to XREX Singapore

By Nithya Subramanian | 14/05/2024

The approval authorises six payment services, including cross-border money transfer, e-money issuance and DPT services.

Cryptocurrency

US Orders Chinese-owned Crypto Miner to Sell Land

By Editors | 14/05/2024

Presidential order says MineOne Partners did not notify CFIUS before buying land next to an Air Force base.

Emerging Prudential Risks

Global Implementation of BCBS Cryptoasset Standard Deferred

By Manesh Samtani | 14/05/2024

The BCBS oversight body said implementation will be deferred one year. It also announced the appointment of a new BCBS Chair.

PEPs & Sanctions

Australia Publishes Sanctions Advisory for Crypto Exchanges

By Nithya Subramanian | 10/05/2024

Digital currency exchanges should take “reasonable precautions” and exercise due diligence to prevent sanctions evasion.

Stablecoins

EBA Publishes MiCA Standards for Stablecoin Authorisation

By Editors | 09/05/2024

New standards also set out the information that must be submitted for acquisitions in issuers of asset-referenced tokens.

Cryptocurrency

FTX to Make Full Repayment to Non-Government Creditors

By Manesh Samtani | 09/05/2024

Under the reorganisation plan, up to 98% of non-government creditors will receive about 118% of their claims in cash.

Sustainable Finance

Singapore, UK to Boost Fintech, Green Finance Cooperation

By Nithya Subramanian | 09/05/2024

MAS and HM Treasury will collaborate to develop and finance green finance and energy transition projects in APAC.

Structural Regulation

ESMA Seeks Input on Changes to UCITS Framework

By Mark Johnston | 09/05/2024

ESMA seeks input on expanding UCITS eligible assets to crypto, catastrophe bonds, emission allowances and other asset classes.