Digital Assets

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    CBDCs

    BSP Concludes Tests on Streamlining Interbank Payments With CBDC

    By Editors | 06/12/2024

    The BSP said Project Agila testing found that off-hours transactions can safely be supported by open-source DLT through the Oracle Cloud Infrastructure.

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    Anti-Money Laundering

    AUSTRAC to Crack Down on Non-compliant Crypto ATM Providers

    By Editors | 06/12/2024

    AUSTRAC has established an internal taskforce to target crypto ATMs that are being exploited for money laundering, scams and money mule activities.

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    Custody & Infrastructure

    Thai SEC Revises Capital Requirements for Crypto Firms

    By Sanday Chongo Kabange | 05/12/2024

    The revised requirements aim to increase trust in the digital asset market and enhance investor protection.

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    CBDCs

    BIS Paper Examines Choice Between Retail CBDC, FPS, or Both

    By Editors | 05/12/2024

    The choice depends on the market features, ecosystem, and degree of maturity and innovation of existing payment infrastructures in a country.

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    PEPs & Sanctions

    US, UK Target Major Russian Sanctions Evasion Network

    By Editors | 05/12/2024

    OFAC sanctioned five individuals and five entities associated with the network. The NCA said 84 arrests have been made and $25mn has been seized.

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    Cryptocurrency

    ASIC Seeks Feedback on Updated Guidance for Digital Assets

    By Thisanka Siripala | 05/12/2024

    ASIC proposes to regulate digital assets like traditional financial products, requiring crypto firms to apply for an AFS licence.

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    Emerging Prudential Risks

    FSB Plenary Meets in Hong Kong to Discuss Financial Stability Issues

    By Editors | 05/12/2024

    The Plenary reviewed policy work on climate-related financial risks, crypto-assets and global stablecoins, cross-border payments, and NBFI.

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    Fraud, Scams & Cybercrime

    Former CEO of Celsius Network Pleads Guilty on Fraud Charges

    By Editors | 04/12/2024

    Alex Mashinsky misled investors about the financial condition of Celsius and used customer funds to manipulate the value of a digital token the company issued.

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    Cryptocurrency

    DMM Bitcoin to Shut Down, Transfers Assets to SBI Subsidiary

    By Mark Johnston | 04/12/2024

    DMM Bitcoin has been unable to recover from the May theft of approximately 4,502.9 Bitcoins and has decided to shut down operations.

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    Supervision & Enforcement

    UK FCA Finalises Updates to Financial Crime Guide

    By Editors | 04/12/2024

    The financial crime guide is updated to provide additional guidance on sanctions, proliferation financing, transaction monitoring and cryptoassets.

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