Digital Assets

Cryptocurrency

ASX Commences Trading in Second Spot Bitcoin ETF

By Editors | 12/07/2024

The ETF is managed by DigitalX Limited in partnership with K2 Asset Management and Canadian firm 3iQ.

Cryptocurrency

Futu Securities Granted Approval to Offer Crypto in Hong Kong

By Editors | 11/07/2024

A licence upgrade allows Futu Securities to provide virtual asset dealing services to retail and professional investors in Hong Kong.

Cryptocurrency

Korean Regulators Outline Approach to Crypto Investigations

By Manesh Samtani | 10/07/2024

The new investigation system will be immediately activated on 19 July, when the new Virtual Asset User Protection Act takes effect.

Anti-Money Laundering

Global Implementation of AML Measures for Crypto “Still Lagging”

By Manesh Samtani | 10/07/2024

The FATF says there has been “negligible improvement” in regulating virtual assets and “insufficient progress” in implementing the travel rule.

Stablecoins

Philippine Crypto Firm Launches First Peso Stablecoin

By Sanday Chongo Kabange | 09/07/2024

Coins.ph has launched its Peso-backed stablecoin to enhance efficiency and reduce costs of transactions and payments.

Cryptocurrency

Defunct Crypto Exchange Mt Gox Starts Repaying Creditors

By Editors | 09/07/2024

Mt. Gox was forced to close in 2014 after a major hack. Creditors have waited 10 years for repayments, which are now expected to be completed within 90 days.

Credit Risk

BCBS Consults on Technical Amendments and New FAQs

By Editors | 09/07/2024

One amendment addresses an inconsistency in how “specialised lending” is defined between the SA and IRB approach to credit risk.

Tokenisation

Schroders Launches Pilot Project to Tokenisation ILS Assets

By Editors | 06/07/2024

The project aims to enhance transparency, streamline investment processes and improve client experience in the reinsurance sector.

Stablecoins

Circle Secures First Stablecoin License under EU’s MiCA Framework

By Nithya Subramanian | 05/07/2024

Circle Mint France will issue the euro-denominated EURC stablecoin and USDC in the European Union in compliance with MiCA.