Digital Assets

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    Fraud, Scams & Cybercrime

    US Court Sentences Co-Founder of “OneCoin” Fraud to 20 Years

    By Editors | 14/09/2023

    OneCoin was a fraudulent cryptocurrency that was sold through a pyramid scheme to millions of people from 2014-2016, resulting in $4bn in worldwide losses.

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    Cryptocurrency

    EU Parliament Approves Crypto Tax Reporting Rules

    By Mark Johnston | 14/09/2023

    The rule, known as DAC8, aligns with the OECD’s crypto-asset reporting framework and will take effect on 1 January 2026.

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    Custody & Infrastructure

    Industry Bodies Call on SEC to Reassess Custody Rule Proposal

    By Editors | 14/09/2023

    A letter from 26 trade associations calls on the SEC to re-evaluate the costs and economic impacts of its custody rule proposal.

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    CBDCs

    HKMA, Central Banks to Beta Test CBDC Interoperability Solution

    By Editors | 14/09/2023

    New use cases for the solution, developed by Swift, are also being tested in a new sandbox environment by the RBA, BOT, CLS and other institutions.

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    DeFi & Web3

    Understanding AI in Blockchain Key to Smart Contracts Growth 

    By Jill Wong | 13/09/2023

    The interaction of AI and blockchain technology means the sophistication of smart contracts is breaking new ground.

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    CBDCs

    BIS Innovation Hub Unveils Findings from CBDC Project “Sela”

    By Editors | 13/09/2023

    The collaboration with HKMA and Bank of Israel demonstrated that retail CBDC can support access, cyber security and competition, while retaining cash features.

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    Tokenisation

    MUFG Tokenisation Platform Elevated to National Infrastructure in Japan

    By Manesh Samtani | 13/09/2023

    Progmat Inc will be jointly owned by JPX and seven other companies including the major Japanese banks, and work to advance the development of the country’s digital asset market.

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    Custody & Infrastructure

    JPMorgan Seeks Regulatory Approval to Launch ‘Digital Deposit Token’

    By Editors | 13/09/2023

    The deposit token would represent a digital claim against a commercial bank deposit, and could be used for instant payments and settlements across the financial system.

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    Cryptocurrency

    India’s Crypto Market Booms Despite Regulatory Challenges – Chainalysis

    By Jill Wong | 12/09/2023

    The global crypto adoption index seeks to rank markets based on the people’s share of wealth put into cryptocurrencies.

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    Cryptocurrency

    G20 Endorses Crypto Regulatory Roadmap, India Unlikely to Impose Ban

    By Manesh Samtani | 12/09/2023

    The G20 finance ministers and central bank governors will meet again next month to take the IMF-FSB crypto regulatory roadmap forward.

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