Digital Assets

Tokenisation

BIS Outlines Vision for Future Financial System, Called “Finternet”

By Manesh Samtani | 23/04/2024

The “Finternet” would enable multiple financial ecosystems to interconnect with each other, like the internet, using technologies such as tokenisation and unified ledgers.

Fraud, Scams & Cybercrime

HK Police Offers Update on JPEX Fraud Investigation

By Mark Johnston | 23/04/2024

A total 72 individuals have been arrested and HKD 228 million worth of assets have been seized in connection with JPEX.

Market Abuse

US Jury Convicts Mango Markets Trader for Crypto Manipulation

By Nithya Subramanian | 23/04/2024

Avraham Eisenberg was found guilty in the first US prosecution involving the manipulation of cryptocurrency through open-market trades.

Cryptocurrency

Binance, KuCoin to Return to India as Compliant Crypto Exchanges

By Ajoy K Das | 19/04/2024

Binance will pay a $2mn penalty and return to India as a registered firm. Kucoin announced its return last month.

Stablecoins

Two US Senators Propose New Payment Stablecoin Bill

By Mark Johnston | 19/04/2024

The proposed legislation would impose registration and operational requirements on stablecoin issuers, and require them to publicly disclose their reserve assets.

Tokenisation

SDAX Launches Securitised Gold Tokens in Singapore

By Nithya Subramanian | 19/04/2024

The securitised tokens allow accredited investors to gain gold exposure without having to physically store the metal.

Payments & Settlements

UK Banks Launch Digital Money Experimental Phase

By Editors | 19/04/2024

Barclays, Citi, HSBC, and Lloyds are among those that have signed up to experiment with the so-called ‘Regulated Liability Network’.

CBDCs

RBNZ Consults on Design Options for ‘Digital Cash’

By Sanday Chongo Kabange | 17/04/2024

The RBNZ is seeking feedback on its judgments and design options for digital cash, which would be designed as a general-purpose CBDC.

Cloud & Infrastructure

HKMA Issues Risk Management Guidance for DLT Adoption

By Sanday Chongo Kabange | 17/04/2024

The guidance covers DLT network and smart contract design and governance, the associated risks, and the need for interoperability.