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Cryptocurrency
Five Key Points From the FSB’s Review Of Crypto Assets
By John Ho | 25/10/2022
John Ho and Arushi Goel outline five key takeaways from the FSB’s proposals for regulating crypto assets and so-called global stablecoins.
Sustainable Finance
BIS Innovation Hub, HKMA Tackle Green Bond Transparency
By Editors | 25/10/2022
Project Genesis 2.0 prototypes provided investors real-time transparency on the environmental impact of the use of proceeds from green bonds.
Cryptocurrency
US Tax Filing Instructions Amendments Includes NFT Reference
By Editors | 24/10/2022
The new language obliged individual taxpayers to report income received from disposals of NFTs, as well as any other “digital asset”.
CBDCs
BIS Innovation Hub, HKMA Publish Project Aurum Findings
By Editors | 24/10/2022
A two-tier prototype system was developed to test intermediated CBDC as well as stablecoins backed by CBDC in the interbank system.
Cryptocurrency
Japan Set to Relax Rules for Crypto Token Listings – Report
By Sanday Chongo Kabange | 23/10/2022
Crypto tokens will reportedly be able to list within 30 days. Currently, the screening process for a new listing takes around six months to a year.
PEPs & Sanctions
US Sanctions, Files Criminal Charges Against Russians
By Editors | 21/10/2022
The sanctions target a procurement network supplying technology to Russia. The indictment explains that crypto was used to facilitate the payments.
Cryptocurrency
Bangladesh Banks Ordered to Stamp Out Crypto Activity
By Mark Johnston | 21/10/2022
Bangladesh Bank has ordered FIs to enhance their monitoring and report transactions suspected to be linked to crypto assets.
Fraud, Scams & Cybercrime
Japan Authorities Warn Crypto Firms of Lazarus Group Threat
By Manesh Samtani | 20/10/2022
An advisory calls on crypto firms to strengthen their security controls, and implement staff and user training programmes.
Data Privacy
Korea to Launch National Digital ID in 2024
By Editors | 20/10/2022
An app will be used to embed blockchain-powered digital IDs into mobile devices. Government officials will not have access to stored data.
Cybersecurity
Japan FSA Commences Annual Cyberattack Drills with FIs
By Editors | 20/10/2022
The participants include banks, credit unions, securities firms, payment providers, money transfer agents and crypto exchanges.
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