Digital Assets

Cryptocurrency

SEC Lawsuit Against Binance May Proceed, Court Rules

By Manesh Samtani | 03/07/2024

Binance already settled DOJ, Treasury and CFTC charges for $4.3bn, but the SEC’s case was not included in the settlement.

Stablecoins

MAS Grants Paxos Full Approval to Offer Stablecoins in Singapore

By Nithya Subramanian | 03/07/2024

Paxos is partnering with DBS Bank for cash management and the custody of stablecoin reserves.

Custody & Infrastructure

Canton Network Launches Decentralised Interoperability Infrastructure

By Editors | 02/07/2024

The “Global Synchronizer” enhances interoperability on the Canton Network, which is designed to enable tokenisation and frictionless exchange of regulated financial assets and liabilities.

Anti-Money Laundering

Singapore Releases Two Reports Tackling Terrorism Financing

By Nithya Subramanian | 02/07/2024

The updated TF National Risk Assessment found that money remittances remain High-Risk, while the refreshed strategy for CFT calls for robust regulatory regimes.

Tokenisation

Trade Bodies to Develop Disclosure Guidelines for Digital Assets

By Editors | 02/07/2024

Four trade associations have organised a Steering Committee to propose new disclosure guidelines for digital asset tokens offered in the US.

Clearing & Post-Trade

Euroclear, Clearstream Enable Omnibus Access to KTB Market

By Editors | 01/07/2024

Euroclear and Clearstream have launched direct links with Korea allowing global investors to trade Korean government bonds using omnibus accounts.

Cryptocurrency

US Treasury Finalises New Crypto-Tax Regulations

By Nithya Subramanian | 01/07/2024

While the new rule will go into effect for transactions starting in 2025, non-custodial brokers will be subject to a separate set of regulations.

Anti-Money Laundering

FATF Adds Monaco, Venezuela to Grey List; Removes Two Others

By Manesh Samtani | 01/07/2024

The Plenary also adopted two new country assessments and approved five priorities for the incoming Mexican Presidency.

CBDCs

HKMA, BDF To Collaborate on Cross-border CBDC Experiments

By Sanday Chongo Kabange | 28/06/2024

The HKMA and BDF will collaborate on cross-border transfers and settlement of tokenised assets.