Digital Assets

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    Stablecoins

    Upper House of UK Parliament Approves Financial Services and Markets Bill

    By Editors | 23/06/2023

    The bill will give regulators powers to regulate stablecoins and crypto activities and enable the PSR to force banks to reimburse APP fraud victims.

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    Fraud, Scams & Cybercrime

    CFTC Files Charges in First Romance Scam Case Involving Crypto

    By Sanday Chongo Kabange | 22/06/2023

    The CFTC says it is the first time it is handling a romance scam case involving digital asset commodities and forex.

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    Cryptocurrency

    Wall Street Firms Launch New Crypto Exchange, EDX Markets

    By Editors | 22/06/2023

    EDX Markets is backed by Charles Schwab, Citadel Securities, Fidelity Digital AssetsSM, Paradigm, Sequoia Capital, and Virtu Financial, among others.

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    Cryptocurrency

    MAS Grants Ripple In-Principle Approval to Offer DPT Services

    By Editors | 22/06/2023

    Ripple said the licence will allow it to offer regulated digital payment token products and services in Singapore and scale on-demand liquidity service.

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    Cryptocurrency

    Japan Crypto Firms Call for Looser Margin Trading Restrictions

    By Editors | 22/06/2023

    An existing 2x leverage cap for retail investors is intended to curb excessive speculation and protect investors from significant losses.

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    Cryptocurrency

    Cuscal Introduces New Requirements for Crypto Firms in Australia

    By Ranamita Chakraborty | 22/06/2023

    Digital currency exchanges have to meet additional requirements to continue using services on Cuscal’s platform.

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    Fraud, Scams & Cybercrime

    Terra Founder Jailed for Four Months in Montenegro

    By Mark Johnston | 22/06/2023

    Do Kwon and another former Terra executive were arrested in Montenegro in March for possessing fake passports.

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    DeFi & Web3

    French Regulator Calls for Global Approach to DeFi Regulation

    By Editors | 21/06/2023

    The AMF seeks a “balanced regulatory framework that will help support the sound development of decentralised finance in the long run”.

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    CBDCs

    MAS Proposes Common Digital Money Standards

    By Karen Ng | 21/06/2023

    MAS has published a whitepaper specifying conditions for the use of digital money.

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    Tokenisation

    BIS Offers Blueprint for Future Monetary & Financial System

    By Editors | 21/06/2023

    The BIS says the future financial system will combine tokenised money and assets on a programmable platform.

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