Digital Assets

Cryptocurrency

Ripple Scores Partial Victory in SEC Case

By Manesh Samtani | 17/07/2023

The court ruled that XRP is not a security when sold in the secondary market. The case will proceed to trial to determine if institutional sales of XRP were unregistered securities offerings.

Stablecoins

Stablecoins Can Destabilise Financial Markets: NY Fed

By Jill Wong | 17/07/2023

A report by the Federal Reserve Bank of New York says the run on Terra shows how stablecoins can potentially destabilise financial markets and economies.

Anti-Money Laundering

US Probe Prompts Staff and Executive Departures at Binance – Reports

By Editors | 17/07/2023

Over 1,000 employees have reportedly been laid off in recent weeks. A number of key senior executives have also departed.

Fraud, Scams & Cybercrime

US Agencies Settle Charges Against Crypto Lender Celsius Network

By Manesh Samtani | 16/07/2023

Celsius Network and founder Alexander Mashinsky charged for failing to register crypto lending product, defrauding customers, manipulating price of CEL token.

Cryptocurrency

US Judge Skeptical of SEC Stance Against Coinbase

By Editors | 15/07/2023

In a pre-motion hearing, the judge suggested it was reasonable for Coinbase to think they were not breaking the law based on the SEC’s issuance of the S-1 form.

Stablecoins

Stablecoins Threaten Policy Sovereignty, Says RBI Deputy Governor

By Mark Johnston | 14/07/2023

Stablecoins are only beneficial to linked economies, such as the US and Europe, but not to India, said T Rabi Sankar.

Cryptocurrency

FSB Delivers Key Updates on Crypto, Climate to G20

By Manesh Samtani | 14/07/2023

The FSB said attention must now turn to implementation of its new crypto regulatory standards; Updated roadmap on climate risks is published.

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.