Digital Assets

CBDCs

RBA Selects Use Cases to be Tested in Live CBDC Pilot

By Manesh Samtani | 03/03/2023

ANZ is involved in four case proposals; CBA is involved in two. Mastercard and Cuscal propose to use CBDC to enable consumers to buy NFTs.

Cryptocurrency

Korea FSS is Investigating Crypto Staking Services – Reports

By Editors | 02/03/2023

The FSS has asked at least three crypto exchanges for data related to crypto staking services.

Fraud, Scams & Cybercrime

Korea to Address Phishing Scams Targeting Crypto Assets

By Editors | 01/03/2023

Planned legislative changes will include crypto-related phishing scams under the existing law on telecommunications-based financial fraud.

Custody & Infrastructure

AIMA Publishes New Due Diligence Questionnaires for Digital Assets

By Editors | 01/03/2023

The DDQs are primarily designed for investors to evaluate investment and operational risks associated with allocations to digital asset investment funds.

Cryptocurrency

SFC Authorises HashKey to Conduct OTC Crypto Trades

By Editors | 01/03/2023

The approval allows HashKey to act as an intermediary to facilitate trades between parties including for unlisted tokens.

Anti-Money Laundering

FATF Agrees Roadmap to Strengthen Adoption of Crypto AML Standards

By Editors | 28/02/2023

The roadmap will include a stocktake of steps taken globally to regulate and supervise virtual asset service providers.

Cryptocurrency

New York AG Files Suit Against Crypto Exchange CoinEx

By Editors | 28/02/2023

CoinEx falsely represented itself as being an exchange and did not register as a securities and commodities broker-dealer.

Cryptocurrency

FTX Japan Processes $50m in Withdrawals on Day One of Reopening

By Editors | 25/02/2023

Japan law requires crypto exchanges to keep users’ assets segregated, which prevented FTX Japan from being included in the US bankruptcy proceedings.

CBDCs

BIS Head Outlines Vision for Future Monetary System

By Mark Johnston | 24/02/2023

Agustin Carstens said the disappearance of $2tr in value from the crypto market in 2022 proves that cryptocurrencies cannot be a viable alternative to fiat.