Digital Assets

Fraud, Scams & Cybercrime

HK SFC Adds Two New Suspicious VATPs on Alert List

By Sanday Chongo Kabange | 07/12/2023

The SFC has warned the public to be wary of two suspicious VATPs – HongKongDAO and BitCuped – and asked the police to block them.

CBDCs

Korea & Italy to Cooperate on RTGS Systems & CBDC

By Editors | 07/12/2023

Bank of Korea and Bank of Italy will share skills and knowledge and cooperate on technologies that support RTGS systems and CBDC.

Stablecoins

SocGen Becomes First Major Bank to List Stablecoin

By Editors | 07/12/2023

The euro-pegged stablecoin was listed on crypto exchange Bitstamp, which has licences in Luxembourg and France.

Cryptocurrency

KoFIU, DAXA Target Unlicensed Crypto Firms With New Initiative

By Editors | 06/12/2023

The public can report unlicensed crypto exchanges to DAXA, which will review the reports and then pass them to KoFIU for further action.

Cryptocurrency

Cristiano Ronaldo Facing Class Action Over Binance Endorsement

By Editors | 04/12/2023

The $1bn lawsuit claims the endorsement led the plaintiffs to make loss-making investments, including in “CR7” branded NFTs.

Cryptocurrency

IOSCO Chair Calls for Coordinated Response to Crypto Challenges

By Ranamita Chakraborty | 04/12/2023

Jean-Paul Servais and Tuang Lee Lim from IOSCO highlight the need for standardised guidelines for crypto, digital assets and sustainability.

CBDCs

Third Phase of CBDC Project “Helvetia” Gets Underway

By Manesh Samtani | 01/12/2023

The pilot programme allows participating banks to settle digital bonds and repo transactions against wholesale CBDC on a DvP basis.

Cybersecurity

Cyber Security is a Key Risk for CBDCs: BIS Paper

By Manesh Samtani | 01/12/2023

The report points to potential gaps in central banks’ internal capabilities and skills as a “key risk”.

PEPs & Sanctions

US Treasury Lobbies for Powers to Pursue Foreign Crypto Firms

By Editors | 30/11/2023

Deputy Secretary Wally Adeyemo said Treasury is calling for legislation authorising OFAC to exercise extraterritorial jurisdiction over transactions in USD-pegged stablecoins.