Digital Assets

Cryptocurrency

US SEC Accepts Application from BlackRock to List Spot Bitcoin ETF

By Mark Johnston | 14/07/2023

The US SEC’s acceptance of BlackRock’s proposal marks the commencement of an official review of other Bitcoin ETF applications.

CBDCs

HDFC Bank Implements Interoperability between CBDC and UPI

By Editors | 13/07/2023

HDFC Bank customers with UPI IDs can use the QR code at retail shops to transfer funds directly from their CBDC wallets.

Structural Regulation

UK Treasury Consults on Digital Securities Sandbox

By Sanday Chongo Kabange | 13/07/2023

The proposed Digital Securities Sandbox will enable firms to test issuance and trading of digital securities.

CBDCs

BIS Releases Three Reports Covering Crypto, Stablecoins, CBDC

By Manesh Samtani | 13/07/2023

One report says explains why crypto assets are ill-suited to play a significant role in the monetary system. The other two discuss CBDC progress.

Cryptocurrency

Korea Issues Guidelines on Crypto Accounting & Disclosures

By Sanday Chongo Kabange | 13/07/2023

The new guidelines seek to enhance accounting and disclosure requirements for companies that issue or hold virtual assets.

Stablecoins

Terra Co-Founder Daniel Shin Faces First Terra Hearing in Korea

By Mark Johnston | 13/07/2023

Daniel Shin and seven other Terra staff are accused of violating capital markets laws, making false representations, and causing the de-pegging of TerraUSD.

Fraud, Scams & Cybercrime

Korea Prosecutors to Form New Unit Dedicated to Crypto Crime

By Sanday Chongo Kabange | 12/07/2023

The new Virtual Asset Joint Investigation Unit will launch by the end of the month and focus on investigating crypto-related crime including fraud.

Cryptocurrency

GDF Finalises Standards for Global Cryptoasset Market

By Manesh Samtani | 11/07/2023

Similar to the FX Global Code, the Standards include a “Statement of Commitment” form, allowing market participants to voluntarily sign up.

Fraud, Scams & Cybercrime

US Indicts Moroccan for Crypto and NFT Spoofing Scam

By Mark Johnston | 11/07/2023

A Moroccan man is accused of stealing cryptocurrency and NFTs by creating a fake OpenSea website.