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Digital Assets
Liquidity Risk
UK FCA Seeks to Enhance Rules for Asset Management Sector
By Mark Johnston | 23/02/2023
The FCA wants to improve liquidity risk management and stress testing practices. It is also considering whether authorised funds should be able to hold crypto.
Custody & Infrastructure
Deutsche Bank Develops Investment Servicing Platform for Digital Funds
By Editors | 23/02/2023
The platform will make it easier for firms to launch and administer digital investment funds, which may comprise crypto, tokenised securities and other digital assets.
Cryptocurrency
Australian Crypto Exchange Reopens After FTX Loss
By Editors | 22/02/2023
Customers of Digital Surge are allowed to make deposits, withdrawals, and trade, months after AUD 33 million of its digital assets became locked up in FTX.
Custody & Infrastructure
Digital Assets Industry is Shifting Focus to “Real Utility”: Report
By Editors | 22/02/2023
New report from Oliver Wyman, Elevandi and MAS says the downturn in the digital assets ecosystem could mark an inflection point.
Cryptocurrency
NYDFS Enhances Capabilities to Detect Crypt-related Crime
By Editors | 22/02/2023
The additional capabilities will help NYDFS detect insider trading, market manipulation, and front-running activity.
Emerging Prudential Risks
FSB Highlights NBFI, Crypto and DeFi as Key Priorities for 2023
By Editors | 21/02/2023
In a letter to G20 ministers, FSB chair Klaas Knot discusses commodity market vulnerabilities and work to address DeFi/crypto risks and enhance cross-border payments.
Payments & Settlements
BOE Sets Out Vision for UK Payments with RTGS Roadmap
By Mark Johnston | 21/02/2023
The BOE will improve its RTGS through a new core settlement engine, migration to ISO 20022 messaging, and build-in CBDC functionality.
CBDCs
RBI Launches Second Global Digital Innovation Hackathon
By Editors | 21/02/2023
The problem statements relate to digital banking services, priority sector lending, CBDC transactions, and blockchain scalability.
Cryptocurrency
SFC Consults on New Licensing Regime for Crypto Trading Platforms
By Manesh Samtani | 20/02/2023
The consultation sets out requirements under the new licensing regime, including safeguards for retail investors, travel rule requirements, and maximum penalties for misconduct.
Anti-Money Laundering
Hong Kong Re-rated on Two FATF Recommendations
By Manesh Samtani | 20/02/2023
Hong Kong was upgraded for extending AML/CFT supervision to most DNFBP sectors, but downgraded for virtual asset-related deficiencies.
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