Digital Assets

CBDCs

IMF Proposes Global Marketplace for Trading Between CBDCs

By Mark Johnston | 14/03/2023

A global marketplace for trading tokenised money such as CBDCs would reduce the need for bilateral trust relationships and improve cross-border payments.

Cybersecurity

CFTC Unveils Newly Constituted Tech Advisory Committee

By Editors | 14/03/2023

Carole House from Terranet Ventures and Ari Redbord from TRM Labs will serve as committee chair and vice chair, respectively.

Stablecoins

NAB Completes First Cross-border Stablecoin Transaction

By Editors | 14/03/2023

NAB expects to be supporting select corporate and institutional clients to transact using digital assets by the end of 2023.

Cryptocurrency

FSB’s Eva Hupkes Discusses Crypto, Stablecoin and DeFi Regulation

By Editors | 13/03/2023

The FSB’s Eva Hupkes discusses the work underway to bring about globally harmonised regulatory frameworks for crypto assets, stablecoins, and DeFi.

Tokenisation

Thailand Offers Tax Breaks to ICO Issuers and Investors

By Editors | 10/03/2023

Under a draft royal decree approved by lawmakers, corporate income tax and VAT will be waived for companies issuing digital tokens for investment purposes.

Anti-Money Laundering

Indian Crypto Businesses Now Subject to AML Laws

By Editors | 10/03/2023

Indian crypto firms are now formally required to perform KYC due diligence, verify client identities, monitor transactions, and report suspicious activities.

CBDCs

Swift Concludes 12 Weeks of Tests on CBDC Interlinking Solution

By Editors | 10/03/2023

Nine banks and three central banks participated in testing Swift’s API-based CBDC connector across two blockchain networks and fiat-based payment systems.

Resolution & Recovery

Crypto Focused Bank Silvergate to Enter Into Liquidation

By Editors | 09/03/2023

Silvergate has served as one of the main banks for crypto companies. The wind down and liquidation plan includes full repayment of all deposits.

Cryptocurrency

NYAG Files Lawsuit Against Crypto Platform KuCoin

By Editors | 09/03/2023

In a first by a US authority, the lawsuit claims that Ether is a security, meaning KuCoin was required to register as a securities broker or dealer.