Digital Assets

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    Stablecoins

    Mastercard Working on Integration to Enable Stablecoin Spending

    By Sanday Chongo Kabange | 21/03/2023

    The Mastercard-Stables project will allow users to spend stablecoin balances on everyday purchases without first converting it to fiat.

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    Anti-Money Laundering

    Upbit’s Azman Hamid Discusses Travel Rule Adoption in APAC

    By Editors | 21/03/2023

    Upbit’s Azman Hamid discusses the UAE’s addition to the FATF grey list and APAC’s implementation of the FATF recommendations on virtual assets.

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    Resolution & Recovery

    Flagstar Bank to Assume Signature Bank Deposits, FDIC Says

    By Editors | 21/03/2023

    The New York Community Bancorp subsidiary will assume “substantially all” the deposits of Signature Bank and buy $12.9bn of its loans at a discount.

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    Stablecoins

    Gibraltar’s Xapo Bank to “Fully Integrate” with USDC Stablecoin

    By Mark Johnston | 20/03/2023

    Users can send USDC using USD funds in their Xapo Bank accounts, with no fees incurred. Any USDC received is instantly converted to dollars.

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    Cryptocurrency

    Ripple’s Rahul Advani Discusses Regulatory Landscape for Digital Assets

    By Editors | 20/03/2023

    Rahul Advani, Policy Director for APAC at Ripple, discusses the regulatory landscape for digital assets and the potential for a globally harmonised framework.

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    Tokenisation

    SFC Grants First In-Principle Approval to STO Platform

    By Editors | 19/03/2023

    The approval was granted to Signum Digital Limited, a joint venture between Coinstreet Holdings and Somerley Capital Holdings.

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    Anti-Money Laundering

    Jarek Jakubcek Discusses How Binance Works With Law Enforcement

    By Editors | 19/03/2023

    Jarek Jakubcek, Head of Law Enforcement Training at Binance, discusses working with law enforcement and how the technology used in investigations has evolved over time.

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    CBDCs

    India, UAE To Collaborate on Building CBDC Bridge

    By Editors | 16/03/2023

    The RBI and CBUAE will conduct PoC and pilots on a bilateral bridge to facilitate cross-border CBDC transactions.

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    Anti-Money Laundering

    US, German Authorities Coordinate on Takedown of Crypto Mixer

    By Editors | 16/03/2023

    Authorities dismantled ChipMixer’s infrastructure and seized four servers, about USD 46 million worth of bitcoin, 7 TB of data, two domains, and a Github account.

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    Fraud, Scams & Cybercrime

    FATF Publishes First Comprehensive Report on Ransomware

    By Manesh Samtani | 16/03/2023

    The report says the payment and subsequent laundering of ransomware proceeds is “almost exclusively conducted through virtual assets”.

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