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Fraud, Scams & Cybercrime
ACCC Chair Calls for Joint Response to Financial Scams
By Sanday Chongo Kabange | 21/07/2022
ACCC chair Gina Cass-Gottlieb says banks have a responsibility to protect customers from investing in scam cryptocurrency schemes.
Cryptocurrency
Korean Banks Seek Regulatory Easing to Enter Crypto Market
By Editors | 21/07/2022
Korean banks have reportedly asked the FSC to ease regulations and issue licenses allowing them to operate digital asset businesses.
Fraud, Scams & Cybercrime
Fraud Risk: An Industry Priority for the Crypto Space
By Editors | 20/07/2022
Experts say crypto firms have a responsibility and moral obligation to have anti-fraud controls in place, and that this will help create trust in the industry.
CBDCs
China CBDC Tests to be Extended to 23 Pilot Sites
By Editors | 20/07/2022
The PBOC’s Zou Lan said the digital currency has played a positive role in promoting consumption, boosting domestic demands, and stabilising economic growth.
Cryptocurrency
MAS to Introduce More Comprehensive Rules for Crypto Sector
By Manesh Samtani | 19/07/2022
MAS will share its strategy for developing Singapore as a digital asset hub in August. New rules for crypto will be proposed in September or October.
CBDCs
BOK to Commence CDBC Testing with Ten Commercial Banks
By Sanday Chongo Kabange | 18/07/2022
The ten banks including Shinhan Bank and NH Nonghyup Bank will test CBDC remittances and payments between individual users.
PEPs & Sanctions
How North Korean Cryptocurrency Abuse Is Expanding
By Sasha Erskine | 18/07/2022
Countries must secure new and emerging gateways that are used to circumvent sanctions, as North Korea’s exploitation of cryptocurrency continues.
Capital Adequacy
BCBS Treatment of Banks’ Crypto Exposures Still Constraining: ISDA
By Manesh Samtani | 18/07/2022
ISDA chief executive Scott O’Malia says the new group 2 exposure limit presents a “significant constraint” on the extent to which banks can participate.
Cryptocurrency
UK Commences Inquiry Into Crypto Asset Risks and Opportunities
By Editors | 17/07/2022
A UK parliamentary committee is collecting evidence on the opportunities and risks that crypto-assets may bring to consumers, businesses and the government.
Cryptocurrency
US Treasury Consults on Digital Asset Risks and Opportunities
By Editors | 17/07/2022
The request for comment seeks input on the opportunities and risks digital assets may pose to consumers, investors, businesses, and financial markets.
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