Digital Assets

Cryptocurrency

Hong Kong Seeks Status as Global Hub for Virtual Assets

By Manesh Samtani | 17/10/2022

A new policy statement to be issued at Hong Kong FinTech Week may spell out plans to include retail investors in the city’s VASP regime.

Cryptocurrency

China Blocks 13 Crypto Apps Found to be Locally Accessible

By Editors | 16/10/2022

13 mobile apps for crypto trading that were still accessible in China have been removed from app stores at the direction of a Beijing court.

Stablecoins

Tether Eliminates Commercial Paper from Stablecoin Reserves

By Manesh Samtani | 15/10/2022

“Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market,” the company said.

Cryptocurrency

Thai SEC Orders Bitkub to Fix Standards of Native Token

By Editors | 15/10/2022

The SEC says KUB Coin’s so-called “adminTransfer” function could be used by attackers to transfer digital assets from any wallet.

Cryptocurrency

FASB is Moving to Fair Value Accounting for Crypto Assets

By Manesh Samtani | 14/10/2022

The FASB has decided to move away from the current impairment model in favour of fair value accounting for crypto assets.

PEPs & Sanctions

US Treasury Facing 2nd Lawsuit Over Tornado Cash Sanctions

By Editors | 14/10/2022

Think tank Coin Center argues that the Tornado Cash sanctions harm US citizens and their ability to transact privately using the Ethereum network.

Custody & Infrastructure

BNY Mellon Launches Digital Asset Custody Platform

By Editors | 13/10/2022

BNY Mellon is the first systemically important US bank to launch a crypto custody platform, leveraging technology from Fireblocks and Chainalysis.

Conduct, Culture & Accountability

IOSCO Offers Guidance on Curbing Online Misconduct

By Editors | 13/10/2022

IOSCO’s new report offers recommendations to address risks from online marketing and distribution of financial products targeting retail investors.

Cryptocurrency

Coinbase, Blockchain.com Win In-principle Approval in Singapore

By Editors | 12/10/2022

MAS has granted in-principle approval to Coinbase and Blockchain.com. Currently, nine firms have full licences to offer regulated crypto services in Singapore.