Digital Assets

CBDCs

Bank Indonesia Completes Stage One PoC Testing for CBDC

By Manesh Samtani | 17/12/2024

Bank Indonesia published a report presenting the PoC findings and outlining focus areas for future exploration, including digital securities.

Cryptocurrency

Korea Halts Implementation of New Crypto and Securities Tax

By Editors | 16/12/2024

A revision bill was passed to prevent new taxes on gains from crypto, stocks, bonds, and funds from taking effect on 1 January 2025.

Cryptocurrency

Hong Kong Commits to Implementing OECD Crypto Reporting Framework

By Editors | 13/12/2024

The government aims to commence the first automatic exchanges with relevant jurisdictions under CARF from 2028.

Custody & Infrastructure

ASIC Issues New Guidance on Crypto Asset Custody

By Thisanka Siripala | 13/12/2024

ASIC revised a regulatory guide for funds management and custodial services to address crypto asset custody.

Tokenisation

ICMA Publishes Guidance on DLT Based Debt Securities

By Editors | 13/12/2024

The guide highlights considerations for the end-to-end lifecycle of DLT-based debt securities, intended to promote wider adoption of tokenised assets.

Cryptocurrency

Australia Court Orders Kraken to Pay A$8m for DDO Breaches

By Sanday Chongo Kabange | 13/12/2024

ASIC believes many crypto products are subject to the same design and distribution requirements that resulted in Kraken’s penalty.

PEPs & Sanctions

Iran, Russia to Soon Formalise Anti-Sanctions Alliance – Reports

By Editors | 11/12/2024

Both Iran and Russia are also planning to allow the use of cryptocurrencies as a way to circumvent Western sanctions.

CBDCs

RBNZ Publishes Results of ‘Digital Cash’ Consultation

By Sanday Chongo Kabange | 11/12/2024

If ‘digital cash’ is introduced, the earliest it would be is 2030. The RBNZ confirmed that issuing physical cash would remain a priority.

Cryptocurrency

FDIC Blocked Banks from Servicing Crypto Firms Throughout 2022

By Thisanka Siripala | 10/12/2024

Coinbase obtained FDIC letters showing that the regulator prevented banks from engaging in crypto-related activities throughout 2022.