Digital Assets

    Emerging Prudential Risks

    FSB Letter to G20 Highlights Risks from Debt, Crypto, Climate

    By Manesh Samtani | 13/11/2022

    The FSB is concerned with record-high debt levels, structural vulnerabilities in crypto, and climate-related financial risks.

    Cryptocurrency

    KakaoBank to Open Accounts for Coinone Exchange Users

    By Editors | 13/11/2022

    Coinone will end its partnership with Nonghyup Bank to increase online withdrawal and deposit limits with KakaoBank.

    CBDCs

    NY Fed, MAS to Test CBDC-based Cross-Border Payments

    By Editors | 11/11/2022

    “Project Cedar Phase II x Ubin+” will seek to enhance designs for atomic settlement of cross-border cross-currency transactions, leveraging wholesale CBDCs as a settlement asset.

    Cryptocurrency

    RBNZ Considers Need to Regulate Crypto Assets

    By Editors | 11/11/2022

    The RBNZ plans to publish an issues paper on the potential need to regulate private cryptoassets early next month.

    Cryptocurrency

    HashKey Obtains New Approvals in Hong Kong, Singapore

    By Editors | 10/11/2022

    HashKey has full approval to operate a crypto trading platform in Hong Kong and in-principle approval to offer fund management services in Singapore.

    PEPs & Sanctions

    OFAC Redesignated Tornado Cash to Link to DPRK WMD Programme

    By Editors | 10/11/2022

    The August designation did not connect Tornado Cash to North Korea’s nuclear programme.

    Cryptocurrency

    Binance Backs Out of FTX Deal, Citing Regulatory Probes

    By Manesh Samtani | 10/11/2022

    The US DOJ, SEC and CFTC are investigating FTX over its crypto lending products, handling of customer funds, and relationship with its US entity.

    Cryptocurrency

    StanChart to Consider Offering Retail Crypto Services in Hong Kong

    By Editors | 10/11/2022

    CEO Bill Winters said Standard Chartered Bank will consider offering crypto trading services to Hong Kong retail customers.

    Tokenisation

    HSBC to Launch Tokenisation Platform for Digital Bond Issuance

    By Editors | 09/11/2022

    HSBC said the European Investment Bank is exploring using the platform to issue the market’s first-ever GBP tokenised bond.

    Cryptocurrency

    Philippines: Union Bank Starts Offering Crypto Services

    By Editors | 09/11/2022

    Union Bank’s digital asset platform, developed by Swiss firm Metaco, went live last week, offering trading in bitcoin and ether.

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