Digital Assets

Fraud, Scams & Cybercrime

Singapore-Based Crypto Wallet BitKeep Suffers $8m Hack

By Editors | 05/01/2023

BitKeep said it is working to recover the stolen funds, some of which have already been frozen. Compensating victimised users is a top priority.

Tokenisation

Russia’s Sberbank Issues Gold-Backed Digital Financial Assets

By Editors | 04/01/2023

Gold-backed DFAs “may be a great alternative to investments amid de-dollarisation”, said Sber’s first deputy chairman, Alexander Vedyakhin.

Fraud, Scams & Cybercrime

Korean Court Jails Former Crypto Execs for Running Ponzi Scheme

By Editors | 04/01/2023

Crypto exchange V Global promised to triple investments in six months, then used funds from new members to make payouts to existing members.

Anti-Money Laundering

HKMA to Scale Up AML Efforts in 2023: Carmen Chu

By Bradley Maclean | 04/01/2023

Executive Director Carmen Chu discusses the actions the HKMA is taking to disrupt AML threats to Hong Kong, and technology initiatives that are making a difference.

Cryptocurrency

US Banking Regulators Issue Statement Warning of Crypto Risks

By Editors | 04/01/2023

“It is important that risks related to the crypto-asset sector that cannot be mitigated or controlled do not migrate to the banking system,” the statement says.

Custody & Infrastructure

CBIRC Proposes Stricter Rules for Banks’ Custody Businesses

By Editors | 04/01/2023

The draft rules strengthen requirements on internal governance, risk management systems, data protection and security controls within banks’ custody businesses.

Tokenisation

China Launching National Digital Assets Platform

By Editors | 03/01/2023

The platform will allow users to register, store and protect intellectual property rights and digital collectibles.

Stablecoins

Japan Relaxing Rules on Stablecoins, Token Listings

By Editors | 03/01/2023

FSA proposes to allow crypto firms to handle transactions using foreign issued stablecoins. The JVCEA has relaxed its token listing rules.

CBDCs

Boston Fed, MIT Conclude CBDC Research Project

By Editors | 02/01/2023

Project Hamilton focused on better understanding the capabilities and limitations of different technologies that might be used to manage and transfer CBDCs.