Digital Assets

Cryptocurrency

Japan FSA Issues Warnings to Five Crypto Firms for Unregistered Operations

By Thisanka Siripala | 01/12/2024

The FSA issued warnings to Bitcastle, Bitget, Bybit, KuCoin, and MEXC, notifying them of non-compliance with Japanese law.

CBDCs

Central Banks Offers Legal and System Design Lessons for Retail CBDC

By Manesh Samtani | 01/12/2024

Seven central banks have published two new papers summarising key legal and system design aspects of retail CBDC.

Tokenisation

HKMA Announces Launch of Digital Bond Grant Scheme

By Editors | 30/11/2024

The scheme offers grants of up to HK$2.5mn for each eligible digital bond issuance to promote bond tokenisation in Hong Kong.

Cloud & Infrastructure

China Issues Action Plan for Further Developing Digital Finance

By Editors | 30/11/2024

FIs are directed to designate a leading department for digital transformation and improve the quality and efficiency of digital financial services.

Credit Risk

BCBS Finalises Technical Amendments to Basel Framework

By Editors | 29/11/2024

The amendments concern the standardised approach to credit risk and the capital charge for Group 2a cryptoassets. An amendment to the CCR framework is also proposed.

Cryptocurrency

CFTC Poised to Lead US Digital Asset Regulation Under Trump

By Thisanka Siripala | 29/11/2024

President-elect Donald Trump is expected to scale back the SEC role in favour of a more innovation-friendly regulatory framework led by the CFTC.

PEPs & Sanctions

US Appeals Court Overturns Tornado Cash Sanctions

By Editors | 28/11/2024

The court said federal law only gives OFAC the authority to sanction property, and Tornado Cash’s smart contracts do not qualify as property.

Anti-Money Laundering

Taiwan FSC Fines Two Crypto Exchanges for AML Violations

By Mark Johnston | 28/11/2024

FSC investigations found lapses involving CDD, transaction monitoring, record-keeping, and suspicious transaction reporting.

Cryptocurrency

UK FCA Unveils Plans for Crypto Regulation, Tokenisation

By Manesh Samtani | 28/11/2024

Several discussion papers and consultations will be issued between now and early 2026. The new crypto regime will go live within 2026.