Digital Assets

Cryptocurrency

CME to Launch Euro-denominated Crypto Futures

By Editors | 05/08/2022

The new EUR-denominated contracts will provide more precise tools to trade and hedge exposure to Bitcoin and Ether, said CME’s Tim McCourt.

Cryptocurrency

Senate Bill Would Grant CFTC Authority Over Bitcoin, Ether

By Manesh Samtani | 05/08/2022

The bill would amend the Commodity Exchange Act to include a new commodity category called “digital commodities” that includes Bitcoin and Ether.

Payments & Settlements

ECB Analyses Options for Enhancing Cross-Border Payments

By Manesh Samtani | 04/08/2022

Bitcoin and stablecoins are “unlikely” to be the “holy grail” of cross-border payments. Interlinked domestic payment systems and interoperable CBDCs show the most promise.

Fraud, Scams & Cybercrime

US SEC Charges 11 Over Crypto Pyramid and Ponzi Scheme

By Editors | 04/08/2022

Forsage investors earned profits by recruiting others into the scheme, which used assets from new investors to pay earlier investors.

Cryptocurrency

Laying the Groundwork for Digital Assets to Take Flight in Korea

By Susan Friedman | 04/08/2022

South Korea has an opportunity to bolster innovation in digital assets as it develops new regulations for the sector, say Ripple’s Susan Friedman and Rahul Advani.

Cryptocurrency

MAS Grants DPT Licences to Sparrow, Digital Treasures Center

By Manesh Samtani | 02/08/2022

Sparrow and DTC were granted in-principle approval earlier this year. MAS will be consulting on proposed measures to enhance its regulatory framework in the next few months.

Payments & Settlements

CPMI Explores Options, New Solutions to Increase PvP Adoption

By Editors | 02/08/2022

CPMI received “numerous promising proposals” for new solutions that may be capable of processing FX transactions that currently settle on a non-PvP basis.

Cryptocurrency

UK Law Commission Proposes Reforms to Accommodate Crypto

By Editors | 01/08/2022

New consultation paper proposes explicit recognition of digital assets under law as a distinct category of personal property, provisionally called ‘data objects’.

Trading & Investment

Taiwan FSC Allows Banks to Offer ‘One-Stop’ Investment Services

By Editors | 28/07/2022

Under new rules, bank customers will have the option to direct their bank to dispose of foreign securities obtained through the conversion of structured products.