Digital Assets

CBDCs

HK CBDC May Be Developed on Permissioned Blockchain

By Sanday Chongo Kabange | 21/04/2023

The HKMA has asked banks to “review and research and then propose” an implementation approach for the e-HKD.

Cryptocurrency

European Parliament Gives Final Approval on MiCA Law

By Manesh Samtani | 21/04/2023

MiCA is expected to come into force around July; provisions relating to stablecoins from July 2024; and provisions relating to CASPs and the travel rule from January 2025.

Fraud, Scams & Cybercrime

NBA Hall of Famer Shaquille O’Neal Served FTX Lawsuit

By Editors | 21/04/2023

Lawyers have been attempting to serve O’Neal since November 2022 but he reportedly evaded agents hired to serve the documents for months.

Stablecoins

US Lawmakers Propose Draft Stablecoin Legislation

By Editors | 21/04/2023

Applications from stablecoin issuers would be “deemed approved” if regulators do not reach a decision within 4.5 months from the application.

Cryptocurrency

Crypto Exchange Luno to Close Singapore Operations in June

By Sanday Chongo Kabange | 21/04/2023

Luno, which received in-principle approval from MAS last year, has decided to stop serving users in Singapore.

CBDCs

ECB Urged to Improve Design Features of Digital Euro

By Mark Johnston | 20/04/2023

A new study evaluates the ECB’s progress on the digital euro and suggests ways to enhance its attractiveness and functionality.

Anti-Money Laundering

FATF Reiterates Calls for Global Adoption of Crypto AML Rules

By Editors | 20/04/2023

At a meeting in Tokyo last week, officials and the private sector discussed global progress and challenges in regulating virtual assets.

Cryptocurrency

HK Court Declares Crypto is Property That Can be Held on Trust

By Editors | 19/04/2023

The ruling was related to the March 2019 winding up of Gatecoin, which suffered a hack in 2016 and lost around $2mn in digital assets.

Cryptocurrency

SEC Chair Gensler Defends Regulatory, Anti-Crypto Agenda

By Manesh Samtani | 19/04/2023

Regulation by enforcement is not sufficient nor sustainable, House Financial Services Committee chair Patrick McHenry told SEC chair Gary Gensler.