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Digital Assets
Payments & Settlements
RBI Permits Banks to Use UPI With Credit Lines
By Sanday Chongo Kabange | 05/09/2023
Scheduled commercial banks can now transfer funds to and from credit lines through the UPI system.
Cryptocurrency
Australia: Senate Committee Rejects Andrew Bragg Crypto Bill
By Manesh Samtani | 05/09/2023
The committee said consultations planned by the government are the most appropriate way to develop a regulatory framework for digital assets.
Tokenisation
LSEG to Push Forward Plans to Develop Digital Markets Business
By Editors | 05/09/2023
LSEG has been exploring a possible blockchain-powered trading venue for about a year and has now reached an “inflection point”.
Cryptocurrency
Japan FSA Asks Government to Review Crypto Tax Policy
By Editors | 04/09/2023
The FSA is seeking a review of the existing requirement for companies to pay tax on unrealised crypto gains.
Anti-Money Laundering
Crypto Travel Rule Comes into Force in the UK
By Editors | 04/09/2023
The UK is now one of several jurisdictions to have now implemented the travel rule for the crypto sector.
Tokenisation
Swift Publishes Findings from Tokenisation Experiments
By Editors | 04/09/2023
Swift says its existing infrastructure can provide a single point of entry for FIs to move tokenised assets across blockchains.
Anti-Money Laundering
KoFIU Fines, Suspends Crypto Lender for AML Violations
By Editors | 04/09/2023
Crypto lender Delio failed to assess money laundering risks, had KYC lapses, and failed to restrict transactions with unregistered VASPs.
Cryptocurrency
SFC Grants In-Principle Approval to Swiss Crypto Bank, SEBA
By Manesh Samtani | 30/08/2023
SEBA plans to offer brokerage, advisory and asset management services in Hong Kong, covering securities, derivatives and crypto products.
Cryptocurrency
US Court Orders SEC to Review Grayscale Bitcoin ETF Application
By Editors | 30/08/2023
The court said the SEC failed to adequately explain why it approved the listing of bitcoin futures ETPs but not Grayscale’s proposed spot bitcoin ETF.
Fraud, Scams & Cybercrime
UK Proposes Blanket Ban on Cold Calls for Financial Services
By Editors | 30/08/2023
The ban on cold calling, as proposed, would cover banking, payments, insurance, mortgages, various tangible investments, and cryptoassets.
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