Digital Assets

    Cryptocurrency

    ISDA to Publish Draft Standards for Crypto Derivatives by Year End

    By Manesh Samtani | 15/11/2022

    ISDA will also consider developing collateral documentation for OTC crypto derivatives transactions and standard contracts for crypto swaps and physically-settled transactions.

    Cryptocurrency

    Singapore and Hong Kong Regulators Address FTX Queries

    By Editors | 15/11/2022

    MAS said FTX is neither licensed nor exempt from licensing in Singapore. Hong Kong’s SFC said licensed fund managers’ exposure to FTX is “immaterial”.

    CBDCs

    BISIH to Tackle Key CBDC Challenges with Project Tourbillon

    By Editors | 14/11/2022

    Project Tourbillon aims to reconcile trade-offs between cyber resiliency, scalability, and privacy through experimentation with a prototype CBDC.

    Anti-Money Laundering

    FTX Bankruptcy, Secret Transfers, and Regulatory Probes

    By Manesh Samtani | 14/11/2022

    FTX files for Chapter 11 bankruptcy protection in Delaware as regulators in multiple jurisdictions investigate allegations of illegal activity.

    Emerging Prudential Risks

    FSB Letter to G20 Highlights Risks from Debt, Crypto, Climate

    By Manesh Samtani | 13/11/2022

    The FSB is concerned with record-high debt levels, structural vulnerabilities in crypto, and climate-related financial risks.

    Cryptocurrency

    KakaoBank to Open Accounts for Coinone Exchange Users

    By Editors | 13/11/2022

    Coinone will end its partnership with Nonghyup Bank to increase online withdrawal and deposit limits with KakaoBank.

    CBDCs

    NY Fed, MAS to Test CBDC-based Cross-Border Payments

    By Editors | 11/11/2022

    “Project Cedar Phase II x Ubin+” will seek to enhance designs for atomic settlement of cross-border cross-currency transactions, leveraging wholesale CBDCs as a settlement asset.

    Cryptocurrency

    RBNZ Considers Need to Regulate Crypto Assets

    By Editors | 11/11/2022

    The RBNZ plans to publish an issues paper on the potential need to regulate private cryptoassets early next month.

    Cryptocurrency

    HashKey Obtains New Approvals in Hong Kong, Singapore

    By Editors | 10/11/2022

    HashKey has full approval to operate a crypto trading platform in Hong Kong and in-principle approval to offer fund management services in Singapore.

    PEPs & Sanctions

    OFAC Redesignated Tornado Cash to Link to DPRK WMD Programme

    By Editors | 10/11/2022

    The August designation did not connect Tornado Cash to North Korea’s nuclear programme.

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