Digital Assets

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    CBDCs

    UK Unveils Roadmap to Potential Digital Pound Issuance

    By Manesh Samtani | 08/02/2023

    If issued, the digital pound would be subject to strict privacy standards. It would be intended for payments, non-interest-bearing, and subject to an initial cap on holdings.

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    Stablecoins

    BIS Innovation Hub to Develop Stablecoin Monitoring Tools

    By Editors | 08/02/2023

    Project Pyxtrial will investigate technological tools that can enable systemic monitoring of stablecoins and their balance sheets.

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    Cryptocurrency

    UK FCA Directs Crypto Firms to Prepare for New Ad Rules

    By Editors | 08/02/2023

    Breaches of the rules can result in takedowns of websites, public warnings, and other actions, including up to two years in prison.

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    Custody & Infrastructure

    StanChart-backed Zodia and SBI to Form Crypto Custodian in Japan

    By Sam Chen | 08/02/2023

    Zodia Custody and SBI Digital Asset Holdings aim to offer “gold-standard” crypto asset custody services in Japan.

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    Cryptocurrency

    Crypto Down Under: Unpacking Australia’s Token Mapping Consultation

    By Angela Ang | 07/02/2023

    Angela Ang and TRM’s policy team unpack the key themes discussed in the token mapping consultation paper and what it means for the industry.

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    Cryptocurrency

    Thailand Grants Crypto Fund Managers Greater FX Flexibility

    By Editors | 07/02/2023

    The amendment will give digital asset fund managers greater flexibility to purchase digital assets overseas and make payments for related expenses.

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    Cryptocurrency

    FASB to Propose New Crypto Accounting Standard in March

    By Editors | 07/02/2023

    An exposure draft to be issued by end-March will require companies to measure crypto assets using fair value accounting.

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    Cryptocurrency

    Coinbase’s Exit From Japan Complicates Travel Rule Adoption

    By Manesh Samtani | 07/02/2023

    With Coinbase leaving the market, Japanese VASPs using TRUST will likely have to switch to a different travel rule solution.

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    Anti-Money Laundering

    FATF Publishes Annual Report for 2021-2022

    By Editors | 07/02/2023

    The report sets out the achievements of the FATF under the second year of Marcus Pleyer’s Presidency.

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    Anti-Money Laundering

    Korean Crypto Firms Face AML Inspections, Disclosure Rules

    By Sanday Chongo Kabange | 06/02/2023

    The inspections will prioritise high-volume crypto businesses with high money laundering risks. The disclosure system will cover issuance, listing and circulation.

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