Digital Assets

Tokenisation

ESMA Goes Live With New DLT Pilot Regime

By Editors | 23/03/2023

Firms can apply for permission to operate DLT-based market infrastructures and receive exemptions from the MiFIR, MiFID II and CSDR.

Cryptocurrency

FASB Opens Consultation on New Crypto Accounting Standard

By Editors | 23/03/2023

Fair value accounting will more accurately reflect the underlying economics of crypto assets and provide more decision-useful information.

Capital Adequacy

BCBS to Assess Financial Stability Risks of Higher Interest Rates

By Editors | 23/03/2023

The BCBS will also consult on revisions to its Core principles for effective banking supervision and on a Pillar 3 disclosure framework for climate-related financial risks.

Emerging Prudential Risks

APRA Directs Banks to Declare Links to Crypto Firms

By Sanday Chongo Kabange | 23/03/2023

APRA has asked banks to declare and report their business ties to crypto firms and start-ups, which worry increased supervision will make it harder to access financial services.

Cryptocurrency

Eurex to Launch Europe’s First Bitcoin Futures Contract

By Editors | 23/03/2023

The contract, developed in partnership with FTSE Russell and Digital Asset Research, will launch on 17 April 2023.

Cryptocurrency

US Authorities Consider Taxing NFTs as Collectibles

By Editors | 23/03/2023

Under the US tax code, collectibles are subject to a 28% capital gains tax rate, compared to 20% for stocks, bonds and cryptocurrencies.

Sustainable Finance

StoneX, ACX Launch US Digital Carbon Marketplace

By ESG Investor | 23/03/2023

Financial services firm StoneX and Singapore-based AirCarbon Exchange have signed an agreement to create a US-based digital carbon marketplace.

Cryptocurrency

US SEC Simultaneously Charges Crypto Founder, Eight Celebrities

By Editors | 23/03/2023

Tron founder Justin Sun sold unregistered securities to US investors, manipulated TRX and BTT markets, and paid celebrities to tout the offerings without disclosing their compensation.

Stablecoins

Stablecoin Reserves Should be Held at Central Banks: Circle

By Editors | 22/03/2023

Circle is seeking to be able to hold USD reserves with the Fed rather than with various financial partners. In the long run, a wholesale CBDC could be used.