Digital Assets

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    Cryptocurrency

    US SEC Settles Charges Against Crypto Firm Abra

    By Editors | 30/08/2024

    The SEC said Abra operated as an unregistered investment company and sold a retail crypto asset lending product that should have been registered.

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    Tokenisation

    HSBC Completes 3 PoC Use Cases in Project Ensemble Sandbox

    By Sanday Chongo Kabange | 30/08/2024

    The three PoC use cases involve digital bonds, interbank transfers of tokenised deposits, and eBL settlement via tokenised deposits.

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    Tokenisation

    US SEC Planning Legal Action Against NFT Platform OpenSea

    By Editors | 29/08/2024

    OpenSea CEO Devin Finzer said the SEC is threatening to sue because “they believe NFTs on our platform are securities”.

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    Tokenisation

    HKMA Launches New Sandbox for Tokenised Asset Transactions

    By Sanday Chongo Kabange | 29/08/2024

    The Project Ensemble Sandbox will facilitate interbank settlement using tokenised money for transactions involving tokenised assets.

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    Cryptocurrency

    Russia Set to Start Testing Crypto in International Payments

    By Editors | 29/08/2024

    The trials will commence in September. If successful, Russia may allow the Moscow Exchange to set up crypto platforms next year.

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    Cryptocurrency

    CME to Launch Weekly Bitcoin Futures on 30 September

    By Editors | 29/08/2024

    The new contracts will be cash-settled at 4pm New York time every Friday to help investors mitigate weekend price moves.

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    AI Risk & Governance

    RBI Developing New Unified Platform to Facilitate Lending

    By Ajoy K Das | 28/08/2024

    The so-called “Unified Lending Interface” will provide lenders digital access to customer data from land records and other sources.

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    Fraud, Scams & Cybercrime

    Crypto Founder Pleads Guilty for Defrauding Investor

    By Editors | 28/08/2024

    CluCoin founder Austin Michael Taylor used $1.14mn of investor funds at online casinos and “lost these investor funds to gambling”.

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    Custody & Infrastructure

    Thai SEC Enhances Governance Standards for Crypto Firms

    By Editors | 27/08/2024

    Crypto firms must have at least five directors on their board, including two independent directors, and establish an audit committee.

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    Tokenisation

    AIIB Becomes First in Asia to Issue Digital Note via Euroclear

    By Ranamita Chakraborty | 27/08/2024

    The digital securities raised $300mn for AIIB’s sustainable development bond programme, with clearing possible through HKMA’s CMU and SIX.

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