Digital Assets

Cryptocurrency

California Governor Approves Digital Financial Assets Law

By Editors | 18/10/2023

The law grants California’s DFPI the authority to develop a regulatory framework for crypto activities in the state.

Cryptocurrency

BCBS Consults on Bank Disclosure Requirements for Crypto Exposures

By Editors | 17/10/2023

Major banks would have to disclose information on their crypto activities, crypto exposures, and related accounting classifications and capital and liquidity requirements.

Cryptocurrency

US SEC Publishes 2024 Examination Priorities Report

By Editors | 17/10/2023

Focus areas will include crypto-related securities, automated investment tools, artificial intelligence, trading algorithms, and investment adviser conduct.

Cryptocurrency

MAS Grants Major Payments Institution Licence to Upbit

By Editors | 16/10/2023

Upbit is South Korea’s largest crypto exchange. The group also has regulated digital asset exchanges in Indonesia and Thailand.

Cryptocurrency

G20 Leaders Adopt IMF-FSB Roadmap on Crypto Assets

By Editors | 16/10/2023

The G20 finance ministers and central bank governors called for “swift and coordinated implementation” of the roadmap.

Cryptocurrency

Australia Consults on Proposed Regulatory Framework for Crypto

By Manesh Samtani | 16/10/2023

Digital asset platforms would be subject to existing financial services laws and required to obtain a licence from ASIC.

Data Privacy

Bhutan Launches Blockchain-based Digital Identity System

By Editors | 16/10/2023

Bhutan has become the first sovereign state to implement a comprehensive decentralised digital identity framework.

Custody & Infrastructure

Singapore Builds Trust in Crypto with New Regulations

By Ranamita Chakraborty | 16/10/2023

Regulation Asia speaks to legal experts on what lies ahead for DPT service providers in Singapore as they navigate the evolving regulatory landscape.

DeFi & Web3

ESMA Publishes Two Papers on DeFi Risks and Categorisation

By Mark Johnston | 13/10/2023

One paper analyses the main features, benefits and challenges of DeFi. The other proposes a methodology to classify smart contracts.