Digital Assets

    image

    Fraud, Scams & Cybercrime

    Westpac Blocks Payments to Crypto Firms, Including Binance

    By Sanday Chongo Kabange | 22/05/2023

    Westpac said the move could save millions after it found that a third of all scam payments were transferred directly to crypto exchanges.

    image

    Clearing & Post-Trade

    ASX Will No Longer Use Blockchain for CHESS Replacement System

    By Mark Johnston | 22/05/2023

    ASX said the rebuild will need to use “a more conventional technology” and no longer involve blockchain or DLT.

    image

    Cryptocurrency

    NYAG Fines Crypto Wallet Provider for Misleading Investors

    By Editors | 21/05/2023

    Coin Cafe had advertised free wallet storage for Bitcoin, but then routinely charged and increased its fees “without properly informing investors”.

    image

    Cryptocurrency

    UK Lawmakers Propose to Regulate Crypto as Gambling Products

    By Mark Johnston | 19/05/2023

    Report says unbacked crypto assets such as Bitcoin and Ether do not have intrinsic value and pose significant risks to consumers.

    image

    Anti-Money Laundering

    FATF President Calls on G7 to Act on Crypto Assets

    By Editors | 19/05/2023

    T Raja Kumar called on the G7 to “lead by example” in fully and effectively implementing the FATF Recommendations on crypto assets.

    image

    CBDCs

    NY Fed, MAS Publish Results from Cross-Border Payments Study

    By Editors | 19/05/2023

    Each simulated payment scenario achieved end-to-end settlement in under thirty seconds on average using wholesale CBDCs.

    image

    CBDCs

    HKMA Launches e-HKD Pilot Programme With 16 Firms

    By Editors | 19/05/2023

    HSBC, StanChart, BOCHK, CCB, ICBC, Hang Seng Bank, Alipay, Ripple, Visa, Mastercard and ZA Bank are among those involved in HKMA’s pilot.

    image

    Tokenisation

    GFMA Report Details How DLT Will Benefit Capital Markets

    By Editors | 18/05/2023

    The report calls for market participants to proactively shape the future use of DLT and for policymakers to provide greater regulatory clarity.

    image

    DeFi & Web3

    BIS Paper Identifies Gaps in Regulatory Frameworks for Crypto

    By Manesh Samtani | 18/05/2023

    The paper says authorities should consider regulations for utility tokens, governance tokens, DeFi actors, and crypto firms that resemble financial conglomerates.

    image

    CBDCs

    Canvas Completes First FX Transaction Using Australian CBDC

    By Sanday Chongo Kabange | 18/05/2023

    The eAUD was traded for foreign currency stablecoin USDC, representing the first foreign exchange transaction using the RBA’s pilot CBDC.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.