Digital Assets

Tokenisation

More Than 40 Private Sector Firms Join BIS Project Agora

By Manesh Samtani | 17/09/2024

Seven central banks will work with more than 40 financial firms to explore how tokenisation can enhance wholesale cross-border payments.

Payments & Settlements

SRS Funds Processing Goes Live on Singapore’s New Funds Infrastructure

By Manesh Samtani | 17/09/2024

The Fundnode platform aims to reduce settlement times for the Singapore funds industry from T+7 to T+2.

AI Risk & Governance

New Zealand FMA Joins Global Financial Innovation Network

By Editors | 17/09/2024

The FMA said GFIN will provide it greater opportunities to collaborate with other regulators and work on topics such as AI and tokenisation.

Cryptocurrency

US SEC Fines eToro $1.5m for Not Registering Crypto Services

By Nithya Subramanian | 16/09/2024

As part of the settlement, eToro is required to delist 102 crypto tokens, leaving only Bitcoin, Bitcoin Cash, and Ether available to investors.

Cryptocurrency

UK Introduces Bill to Clarify Legal Status of Digital Assets

By Thisanka Siripala | 16/09/2024

The legislation will formally classify crypto, NFTs and certain tokenised assets as property, enabling courts to more effectively handle disputes.

Stablecoins

Ripple Considers Issuing Japanese Yen Stablecoin – Reports

By Thisanka Siripala | 12/09/2024

Ripple CEO Brad Garlinghouse hinted that Ripple could issue a yen stablecoin once its planned USD stablecoin is approved in the US.

Fraud, Scams & Cybercrime

Singapore Court Jails Crypto Firm Director for Ponzi Scheme

By Nithya Subramanian | 12/09/2024

Chen Wei, Director of A&A Blockchain Technology Innovation, has been sentenced to four years in prison for deceiving over 700 investors.

Anti-Money Laundering

UK FCA Charges Man for Operating Illegal Crypto ATM Network

By Nithya Subramanian | 12/09/2024

The London resident is the first individual to be criminally prosecuted for unregistered crypto activity in the UK.

Cryptocurrency

Indonesia’s OJK is Preparing New Tax Rules for Crypto – Report

By Nithya Subramanian | 10/09/2024

The new tax regulations are part of a transition of crypto supervision in Indonesia from Bappebti to OJK, expected by early 2025.