Digital Assets

Fraud, Scams & Cybercrime

US Jury Finds Terraform Labs, Do Kwon Liable for Fraud

By Editors | 06/04/2024

Terraform Labs and founder Do Kwon deceived investors about its algorithmic stablecoin UST, a jury found after a nine-day trial.

Stablecoins

Ripple Announces Plans to Issue USD-backed Stablecoin

By Editors | 05/04/2024

Ripple said its reserve assets will be audited by a third-party accounting firm and that it will publish monthly attestations.

Cryptocurrency

MAS Grants MPI License to Crypto Market Maker GSR

By Nithya Subramanian | 05/04/2024

The new licence enables GSR Markets to offer marketing making and over-the-counter trading services in Singapore.

Payments & Settlements

ECB Announces Participants for Upcoming DLT Settlement Trials

By Editors | 05/04/2024

The first wave of trials will involve ten market participants, six market DLT operators, and five central banks.

Tokenisation

Thai SEC Tightens Requirements for Sustainability-related Digital Tokens

By Editors | 04/04/2024

Issues of sustainability-related digital tokens will have to make additional disclosures and engage external reviewers to assess whether sustainability standards are met.

CBDCs

How HKMA Aims to Prevent Fragmented Digital Money Ecosystem

By Nithya Subramanian | 04/04/2024

HKMA aims to ensure that different types of tokenised money issued in the city can interact with each other.

Custody & Infrastructure

UK Sets Out Proposed Approach to Digital Securities Sandbox

By Editors | 04/04/2024

The sandbox will allow experimentation with DLT and “may lead to a new permanent regulatory regime for securities settlement”.

Tokenisation

New BIS Project Seeks Overhaul of Global Payment System

By Manesh Samtani | 04/04/2024

Seven central banks will develop common infrastructure that can accommodate tokenised versions of wholesale central bank money and commercial bank deposits.

Cryptocurrency

Indonesia’s Crypto Approval Process Will Require Sandbox Testing

By Editors | 04/04/2024

The requirement for crypto firms to be evaluated in a regulatory sandbox prior to authorisation is intended to ensure consumers are protected.