Digital Assets

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    CBDCs

    Wholesale CBDCs More Likely to Gain Traction Than Retail CBDCs – Report

    By Thisanka Siripala | 31/01/2025

    Wholesale CBDCs are more likely to launch ahead of retail CBDCs on account of clearer efficiency gains and lower barriers to adoption.

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    Cryptocurrency

    Fed Chair Says Banks Can Provide Services for Crypto

    By Thisanka Siripala | 30/01/2025

    Jerome Powell said banks are free to provide services to cryptocurrency clients as long as it’s done in a safe and sound manner

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    Cryptocurrency

    Hong Kong SFC Grants Two New Crypto Licences

    By Manesh Samtani | 30/01/2025

    The licences were granted to YAX, a wholly-owned subsidiary of Tiger Brokers, and Panthertrade, a subsidiary of Futu Holdings.

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    Anti-Money Laundering

    US DOJ Imposes $300m Penalty on Crypto Firm KuCoin

    By Nithya Subramanian | 28/01/2025

    KuCoin also agreed to exit the US market for at least the next two years, and to ensure two co-founders are not involved in management or operations.

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    Cryptocurrency

    US to Form Presidential Working Group on Digital Assets

    By Manesh Samtani | 26/01/2025

    The SEC also officially rescinded Staff Accounting Bulletin No 121, which made it more costly for firms to keep custody of digital assets on behalf of others.

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    Anti-Money Laundering

    US Congress Investigates Debanking of Tech and Crypto Firms

    By Thisanka Siripala | 25/01/2025

    House Oversight Committee has contacted executives in the crypto industry to gather their testimonies on bank account closures.

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    Emerging Prudential Risks

    FSB Publishes Work Programme for the Year Ahead

    By Manesh Samtani | 25/01/2025

    The work programme highlights digitalisation, climate change, and the shifting macroeconomic environment as key priorities

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    Cryptocurrency

    Taiwan to Consult on New Crypto Law in February

    By Mark Johnston | 24/01/2025

    The FSC will hold an industry public hearing in February and the draft legislation will be presented to the government’s executive branch by June.

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    Market Abuse

    US Authorities Secure Settlement With Crypto Market Maker

    By Nithya Subramanian | 24/01/2025

    CLS Global admitted to providing market-making services for NexFundAI, a token created by the FBI to help it uncover crime

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    Tokenisation

    BoCom Become First Chinese Bank to Issue Digitally Native Bond

    By Mark Johnston | 23/01/2025

    Bank of Communications issued the $300mn bond via its Hong Kong branch using the HSBC Orion digital asset platform.

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