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Digital Assets
Cryptocurrency
FSB, IMF Publish Global Regulatory Roadmap for Crypto
By Manesh Samtani | 08/09/2023
The joint report says comprehensive regulatory and supervisory oversight of crypto-assets should be a baseline to address macroeconomic and financial stability risks.
CBDCs
RBI Seeking to Develop More Use Cases for CBDC
By Editors | 07/09/2023
The RBI plans to start allowing the use of CBDC in the call money market, which is used for short-term interbank borrowing.
Cryptocurrency
Taiwan Set to Issue New Regulatory Guidelines for Crypto Sector
By Editors | 07/09/2023
The guidelines will prohibit unregistered overseas firms from operating in and soliciting business from Taiwan.
Cryptocurrency
FASB Votes to Adopt New Crypto Accounting Standard
By Manesh Samtani | 07/09/2023
Under the new rules, companies will be required to measure crypto assets using fair value accounting, instead of the existing cost-less-impairment model.
Custody & Infrastructure
Korea: Hana Bank, BitGo to Jointly Develop Crypto Custody Business
By Editors | 07/09/2023
Hana Bank says the custody business will help strengthen trust in the domestic digital asset market and reinforce consumer protection.
CBDCs
UK Completes Discovery Phase of ‘Regulated Liability Network’
By Editors | 06/09/2023
In the next phase, a PoC will continue testing the Regulated Liability Network for consumer domestic payments involving retail CBDC.
Custody & Infrastructure
MAS Grants RMO Licence to Digital Asset Exchange AsiaNext
By Editors | 06/09/2023
AsiaNext, formed in 2021 as a joint venture between SBI Digital Asset Holdings and SIX Group, will cater exclusively to institutions.
Cryptocurrency
WFE Publishes Research on Exchange Engagement with Crypto Market
By Manesh Samtani | 06/09/2023
WFE survey found that almost half of the respondent exchanges already offer some crypto-related product or service in response to mostly retail demand.
Emerging Prudential Risks
FSB Warns of ‘Further Shocks’ in G20 Progress Update
By Manesh Samtani | 06/09/2023
The update also discusses the FSB’s work to address NBFI risks, implement its recommendations on crypto regulations, and respond to climate-related risks.
Anti-Money Laundering
India Ministry Gazettes Enhancements to AML/CFT Rules
By Editors | 05/09/2023
The amendments lower the shareholding threshold for company partners to be considered beneficial owners, from 15 percent to 10 percent
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