Digital Assets

Cryptocurrency

ASIC Cancels FTX Australia’s AFS Licence

By Sanday Chongo Kabange | 20/07/2023

FTX Australia may provide “limited financial services” related to termination of existing derivatives with clients until the end of 12 July 2024.

CBDCs

Total e-CNY Transactions Reach ¥1.8tr in China

By Mark Johnston | 19/07/2023

China’s digital yuan is gaining traction in domestic transactions, including in the aviation sector and in a Hong Kong shopping festival.

Fraud, Scams & Cybercrime

NAB Blocks Payments to “High-risk” Cryptocurrency Platforms

By Editors | 18/07/2023

NAB will initially block “several” cryptocurrency exchanges that it has concerns with, but this could be expanded further in future.

Cryptocurrency

Industry Working Group Opens Consultation on IVMS101 Enhancements

By Editors | 18/07/2023

The working group was formed in April and has met five times since to consider and approve revisions to the IVMS101 standard.

Conduct, Culture & Accountability

UK FCA Proposes New Guidance to Tackle Unlawful Social Media Promotions

By Editors | 18/07/2023

The guidance discusses how the use of ‘finfluencers’ and memes on social media could potentially breach the FCA’s rules on financial promotions.

Cryptocurrency

OECD Proposes Crypto-Asset Reporting Framework to G20

By Ranamita Chakraborty | 18/07/2023

OECD recommends that its crypto-asset reporting framework (CARF) be adopted as an international standard for the reporting and exchange of information about crypto-assets.

Cryptocurrency

FSB Finalises Global Regulatory Framework for Crypto-asset Activities

By Manesh Samtani | 18/07/2023

The recommendations were improved to better safeguard client assets, address conflicts of interest, and improve cross-border cooperation.

DeFi & Web3

Blockchain Technology to Transform Global Commerce through Merger

By Jill Wong | 18/07/2023

The merger aims to scale up the development of blockchain and Web3 technologies across the global supply chain.

Cryptocurrency

ASX Receives Application to List Retail Spot Bitcoin ETF

By Jill Wong | 18/07/2023

ASX has received its first application to list a spot Bitcoin ETF to retail investors under the cryptocurrency regulations issued in October 2021.