Digital Assets

Supervision & Enforcement

PBOC Official Calls Out ‘Illegal’ Foreign Investment Channels

By Darien Choong | 13/02/2022

The PBOC’s Sun Tianqi has warned domestic securities firms against using their offshore units to facilitate cross-border securities trading.

Anti-Money Laundering

HK Gov Issues Discussion Paper on Proposed VASP Regime

By Manesh Samtani | 11/02/2022

Licensing will be available to companies incorporated elsewhere as long as they have a registration in Hong Kong.

Cryptocurrency

FSB Working on Global Regulatory Framework for Crypto

By Manesh Samtani | 11/02/2022

The FSB is reportedly “going full steam” on the issue of developing global regulatory standards for the crypto asset market.

Market Abuse

Wash Trading Undermines Trust in NFT Markets: Report

By Manesh Samtani | 10/02/2022

Wash trading profits are likely derived from sales to “unsuspecting buyers”, who believe the NFTs they purchase have been growing in value.

Tokenisation

SETL, Digital Asset to Create Regulated Network for Tokens

By Editors | 10/02/2022

The network will enable central banks and regulated institutions to create tokens for customers, where each token will represent a regulated liability.

Anti-Money Laundering

US DOJ Makes Largest Ever Cryptocurrency Seizure

By Sanday Chongo Kabange | 10/02/2022

The DOJ seized a record USD 3.6 billion in bitcoin tied to the 2016 Bitfinex hack, representing the largest financial seizure in its history.

CBDCs

RBNZ to Commence Design Work on CBDC Proof of Concept

By Mark Johnston | 10/02/2022

Governor Adrian Orr said falling behind other central banks is “not an option” and the RBNZ will soon begin POC design and testing for a CBDC.

CBDCs

Boston Fed, MIT Research Shows Potential For CBDC

By Sanday Chongo Kabange | 10/02/2022

Project Hamilton produced a code base capable of handling 1.7 million transactions per second, 99% of which reached settlement finality in under one second.

Structural Regulation

China Issues Five Year Plan for Financial Standardisation

By Editors | 10/02/2022

The plan envisions the development of a financial standard system that is in line with international standards and driven by market forces, led by the government.