Digital Assets

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    Cryptocurrency

    Korea Showing Leadership on Crypto Assets, Says IMF Head

    By Mark Johnston | 18/12/2023

    Korea is showing leadership by amending its AML law and setting up new legislation on crypto assets, said the IMF’s Kristalina Georgieva.

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    Tokenisation

    India’s GIFT City Set to Launch Market for Tokenised Assets

    By Ajoy K Das | 18/12/2023

    GIFT City’s first regulated trading platform for tokenised commercial real estate assets is expected to launch in January 2024.

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    Cryptocurrency

    FASB Issues Standards to Implement ‘Fair Value’ Accounting for Crypto

    By Mark Johnston | 18/12/2023

    Fair value accounting allows firms to provide a clearer view of their financial position and the actual economic value of their crypto holdings.

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    Fraud, Scams & Cybercrime

    IOSCO Calls for Stronger Response to Online Threats to Retail Investors

    By Manesh Samtani | 17/12/2023

    Collaboration is needed between regulators, law enforcement, and stakeholders in the broader online ecosystem like search engine operators and social media platforms.

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    Cryptocurrency

    US SEC Denies Coinbase Rule-making Petition

    By Editors | 17/12/2023

    SEC Chair Gary Gensler said the existing securities regime already appropriately governs crypto asset securities.

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    Payments & Settlements

    RBA Sets Out Focus Areas for Upcoming Payments System Review

    By Editors | 15/12/2023

    The key focus areas for next year’s review are mobile wallets, BNPL services, and least-cost routing, Michele Bullock said.

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    Capital Adequacy

    BCBS Proposes Targeted Amendments to Cryptoasset Standard

    By Manesh Samtani | 15/12/2023

    The BCBS proposes to update the requirements relating to banks’ exposures to stablecoins, and other technical amendments.

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    CBDCs

    Japan: Expert Panel Calls for CBDC Preparations to Start

    By Editors | 14/12/2023

    A panel of experts said work should begin “without delay” on laying the legal groundwork for the issuance of a digital yen.

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    Cryptocurrency

    NYAG Announces $22m Settlement With Crypto Firm KuCoin

    By Editors | 13/12/2023

    KuCoin is required to refund more than USD 16.7 million to New York investors and pay more than USD 5.3 million to the state.

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    Cryptocurrency

    Taiwan FSC to Form New Financial Technology Bureau

    By Editors | 13/12/2023

    The new bureau, operating alongside the FSC’s four other bureaus, will be charged with regulating and supervising the crypto sector.

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