Digital Assets

Custody & Infrastructure

EU Commission Launches Regulatory Sandbox for DLT Innovators

By Editors | 15/02/2023

The sandbox establishes a pan-European framework for regulatory dialogue to increase legal certainty for innovative blockchain solutions.

Fraud, Scams & Cybercrime

North Korean Crypto Thefts Broke Records in 2022 – Report

By Mark Johnston | 14/02/2023

A UN report says North Korea stole more crypto in 2022 than in any previous year, using cyber techniques that have grown in sophistication.

Trading & Investment

Hermès Wins Trademark Infringement Case Involving NFTs

By Mark Johnston | 13/02/2023

A jury ruled that an artist violated Hermès’ copyright and brand image by selling NFTs depicting the company’s Birkin handbags covered in fur.

Stablecoins

UPDATED: NYDFS, SEC Scrutinise Paxos Over BUSD Stablecoin

By Editors | 13/02/2023

Paxos is the issuer of a Binance-branded stablecoin that ranks as the third-largest, as well as its own stablecoin called Pax Dollar, the sixth largest.

PEPs & Sanctions

South Korea Issues First Independent DPRK Sanctions

By Editors | 12/02/2023

The sanctions came hours after South Korea and the US released a joint cybersecurity advisory detailing the threat posed by North Korean ransomware actors.

Tokenisation

Deutsche Börse, Google Cloud Establish Partnership on Digital Assets

By Sanday Chongo Kabange | 12/02/2023

Deutsche Börse Group will leverage Google Cloud to accelerate the development of digital securities platform D7, and deliver crypto spot and derivatives products.

Stablecoins

Visa Reveals Plans to Allow Direct Settlement Using USDC

By Sam Chen | 10/02/2023

Visa has tested the feasibility of accepting large value settlement payments in USDC, using the same process as for foreign currency transactions.

CBDCs

Laos Launches CBDC Proof of Concept with Soramitsu

By Editors | 10/02/2023

The PoC aims to assess how a CBDC can promote financial inclusion, improve cross-border remittances, and modernise Laotian payment systems.

Cryptocurrency

Dubai’s VARA Releases Comprehensive Virtual Asset Framework

By Mark Johnston | 10/02/2023

The regulations aim to provide clarity and certainty and reduce market risks. VASPs must now register to offer virtual asset services in Dubai.