Digital Assets

Cryptocurrency

Crypto Lender Celsius Network Emerges from Bankruptcy

By Editors | 31/01/2024

Celsius, which filed for bankruptcy in July 2022, has commenced distributions of over $3bn of crypto and fiat to creditors.

CBDCs

UAE Completes First Cross-border Payment Using CBDC

By Editors | 31/01/2024

The transaction was sent to China through the “mBridge” platform, developed by the BIS Innovation Hub, HKMA, CBUAE, BOT, and PBOC.

CBDCs

BOJ to Catalogue Legal Issues for CBDC by April

By Editors | 31/01/2024

BOJ and Ministry of Finance officials held a meeting to discuss the legal issues that need to be resolved for the issuance of a CBDC.

Stablecoins

BIS Research Reveals Role of Public Perception in Stablecoin Values

By Ranamita Chakraborty | 31/01/2024

New paper examines how public information shapes coordination risk among stablecoin holders in relation to their beliefs about peg stability.

Structural Regulation

WFE Announces 2024 Priorities For Exchange and Clearing Industry

By Editors | 31/01/2024

The WFE will focus on corporate governance, reinforcing CCPs, ESG issues, and new tech like crypto and AI.

Cryptocurrency

ESMA Consults on New Guidelines for MiCA Regime

By Editors | 30/01/2024

Third-country crypto firms will be prohibited from soliciting EU clients unless the client is the “exclusive initiator” of the crypto-asset service.

Cryptocurrency

Harvest Becomes First Hong Kong Applicant for Spot Bitcoin ETF

By Manesh Samtani | 30/01/2024

Harvest Global Investments has applied to list a spot Bitcoin ETF in Hong Kong, and also plans to participate in HKMA’s stablecoin sandbox.

Fraud, Scams & Cybercrime

FSS Korea to Restructure Virtual Asset Fraud Reporting Centre

By Manesh Samtani | 30/01/2024

Users can report unfair trades, not just frauds and scams. Reporting process, investigation support and coordination to also improve.

CBDCs

UK Publishes Response to Digital Pound Consultation

By Editors | 28/01/2024

No final decision has been made to pursue a digital pound, but work will continue to explore its feasibility and potential design choices.