Digital Assets

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    Trading & Investment

    Hermès Wins Trademark Infringement Case Involving NFTs

    By Mark Johnston | 13/02/2023

    A jury ruled that an artist violated Hermès’ copyright and brand image by selling NFTs depicting the company’s Birkin handbags covered in fur.

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    Stablecoins

    UPDATED: NYDFS, SEC Scrutinise Paxos Over BUSD Stablecoin

    By Editors | 13/02/2023

    Paxos is the issuer of a Binance-branded stablecoin that ranks as the third-largest, as well as its own stablecoin called Pax Dollar, the sixth largest.

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    PEPs & Sanctions

    South Korea Issues First Independent DPRK Sanctions

    By Editors | 12/02/2023

    The sanctions came hours after South Korea and the US released a joint cybersecurity advisory detailing the threat posed by North Korean ransomware actors.

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    Tokenisation

    Deutsche Börse, Google Cloud Establish Partnership on Digital Assets

    By Sanday Chongo Kabange | 12/02/2023

    Deutsche Börse Group will leverage Google Cloud to accelerate the development of digital securities platform D7, and deliver crypto spot and derivatives products.

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    Stablecoins

    Visa Reveals Plans to Allow Direct Settlement Using USDC

    By Sam Chen | 10/02/2023

    Visa has tested the feasibility of accepting large value settlement payments in USDC, using the same process as for foreign currency transactions.

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    CBDCs

    Laos Launches CBDC Proof of Concept with Soramitsu

    By Editors | 10/02/2023

    The PoC aims to assess how a CBDC can promote financial inclusion, improve cross-border remittances, and modernise Laotian payment systems.

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    Cryptocurrency

    Dubai’s VARA Releases Comprehensive Virtual Asset Framework

    By Mark Johnston | 10/02/2023

    The regulations aim to provide clarity and certainty and reduce market risks. VASPs must now register to offer virtual asset services in Dubai.

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    Anti-Money Laundering

    Japan FSA Issues Draft Rules for Travel Rule Implementation

    By Editors | 10/02/2023

    The rules will implement laws passed in Japan last year, establishing requirements for Japanese crypto firms to comply with the travel rule.

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    Cryptocurrency

    US SEC Fines Kraken, Forced Shutter of Crypto Staking Programme

    By Editors | 10/02/2023

    Commissioner Hester Peirce disagreed with the action, saying there isn’t sufficient guidance on the SEC’s regulatory approach to staking programmes.

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    Cryptocurrency

    US SEC Close to Settling Probe Against Crypto Firm Kraken

    By Editors | 09/02/2023

    Commissioner Hester Peirce says the SEC “has not done a good job” in providing regulatory clarity on crypto.

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