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PEPs & Sanctions
European Council Adopts Eighth Russia Sanctions Package
By Editors | 06/10/2022
The package completely bans the provision of crypto wallets, accounts, or custody services to Russian nationals and entities, among other measures.
Cryptocurrency
Russia Seeks to Legalise Crypto Mining in Some Regions
By Editors | 06/10/2022
The bill may be rejected by Russia’s parliament, because it does not specify tax procedures or requirements for data centres and mining operators.
CBDCs
SWIFT Publishes Results of CBDC, Tokenised Asset Experiments
By Editors | 06/10/2022
The experiments show SWIFT can enable central banks to connect their CBDC networks to all other payment systems in the world through a single gateway.
Cryptocurrency
European Council Approves Final MiCA Legislation
By Manesh Samtani | 06/10/2022
The next step before MiCA is formally adopted is for the European Parliament to vote on the proposal on Monday.
DeFi & Web3
CFTC Allowed to Serve Complaint to DAO Through Website
By Editors | 05/10/2022
The CFTC intends to hold any voting member of the Ooki DAO individually liable for violations of the Commodity Exchange Act and CFTC regulations.
Stablecoins
US Regulators Call for New Laws for Crypto, Stablecoins
By Manesh Samtani | 04/10/2022
FSOC report calls for legislation to establish stablecoin regulation, supervisory authority over crypto asset entities, and rulemaking authority over crypto-asset spot markets.
Payments & Settlements
Australian Regulators Propose Measures to Address De-Banking
By Editors | 04/10/2022
A CFR policy paper provides four recommendations to address de‑banking of fintechs, crypto exchanges and remittance firms.
Cryptocurrency
US SEC Fines Celebrity Kim Kardashian for Promoting Crypto
By Editors | 04/10/2022
Kardashian failed to disclose the compensation she received to promote EMAX tokens on Instagram. The case is a warning to other celebrities and influencers.
Emerging Prudential Risks
BCBS Cryptoasset Treatment Will Hinder Innovation: JBA
By Manesh Samtani | 04/10/2022
Japan Bankers Association says the proposed infrastructure risk add-on will discourage banks from developing new DLT businesses.
Custody & Infrastructure
SWIFT, Chainlink Working on Blockchain Interoperability POC
By Editors | 02/10/2022
Chainlink’s open-source cross-chain interoperability protocol will enable SWIFT messages to instruct on-chain token transfers.
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