Digital Assets

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    Tokenisation

    UK Proposes Two New Use Cases for Fund Tokenisation

    By Manesh Samtani | 29/03/2024

    Tokenising MMF units could facilitate their use as collateral, and reduce redemption pressures on MMFs during market stress.

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    PEPs & Sanctions

    US, UK Probing $20b in Tether Transfers to Russia’s Garantex – Report

    By Editors | 28/03/2024

    There is no immediate suggestion of wrongdoing by Tether Holdings, the BVI-incorporated issuer of USDT.

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    Tokenisation

    MAS to Clarify Regulatory Treatment of Tokenised Funds

    By Ranamita Chakraborty | 28/03/2024

    MAS is reviewing its regulatory framework to ensure it addresses the legal and regulatory implications of tokenised funds.

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    Cryptocurrency

    LSE Proposes 28 May Launch for Crypto ETN Market Segment

    By Manesh Samtani | 28/03/2024

    Issuers seeking to list a Bitcoin- or Ethereum-backed crypto ETN on 28 May 2024 need to submit information to the LSE by 15 April 2024.

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    Tokenisation

    HSBC Launches Tokenised Gold Product in Hong Kong

    By Editors | 28/03/2024

    The product allows investors to acquire fractional ownership of physical gold represented by tokens recorded on a distributed ledger.

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    CBDCs

    SWIFT Concludes Second Phase of CBDC Sandbox Tests

    By Ranamita Chakraborty | 27/03/2024

    SWIFT will extend its CBDC interlinking solution to support a wider range of emerging digital networks, including platforms for tokenised deposits.

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    Anti-Money Laundering

    US Authorities Announce Charges Against Crypto Exchange KuCoin

    By Editors | 27/03/2024

    Four KuCoin units and two founders were charged by the CFTC and DOJ for serving US clients without registering and for AML-related violations.

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    Cryptocurrency

    ESMA Finalises First MiCA Rules, Issues New Consultation

    By Manesh Samtani | 26/03/2024

    The rules set out authorisation requirements for CASPs and notification requirements for regulated financial entities seeking to provide crypto services.

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    PEPs & Sanctions

    OFAC Sanctions Crypto Targets Over Russia Sanctions Evasion

    By Editors | 26/03/2024

    The sanctioned entities either helped build or operate blockchain-based services or enabled virtual currency payments in the Russian financial sector, enabling potential sanctions evasion.

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    Fraud, Scams & Cybercrime

    ASIC Bans Director for Operating Unlicensed Crypto Fund Dishonestly

    By Mark Johnston | 26/03/2024

    ASIC found, among other things, that Brian Creigh used investor money to invest in an overseas investment scam. costing them A$7.7mn.

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