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Stablecoins
ANZ Launches First Bank-issued AUD Stablecoin
By Manesh Samtani | 24/03/2022
The stablecoin is expected to help investors avoid the costs and exchange rate risk associated with converting AUD into USD to trade in crypto markets.
Cryptocurrency
FCA, BOE Offer New Guidance on Addressing Crypto Risk
By Editors | 24/03/2022
Cryptoassets should be classified as an intangible asset for accounting purposes, meaning that in most cases direct holdings should be fully deducted from CET1.
Cryptocurrency
Thailand Bans Use of Crypto as Means of Payments
By Editors | 24/03/2022
From 1 April, digital asset business operators are prohibited from enabling merchants to accept digital assets as a means of payment for goods or services.
Tokenisation
Malaysia SC Registers Two IEO Platform Operators
By Editors | 24/03/2022
The Initial Exchange Offering platform operators are given nine months to comply with regulatory requirements before they can commence operations.
Fraud, Scams & Cybercrime
ACCC Launches Court Proceedings Over Crypto Ads on Facebook
By Editors | 23/03/2022
The ads contained links to fake media articles containing quotes attributed to public figures endorsing cryptocurrency or money-making schemes.
Fraud, Scams & Cybercrime
CBIRC Warns of Crypto and Metaverse Frauds at College Campuses
By Darien Choong | 23/03/2022
The CBIRC’s Beijing bureau warns that concepts such as the metaverse and blockchain are being used to defraud local college students.
CBDCs
BIS, Central Banks Complete Development of Multi-CBDC Prototypes
By Sanday Chongo Kabange | 23/03/2022
The initial phase of Project Dunbar has proved that the concept of multi-CBDCs is technically viable, says a new project report.
Cryptocurrency
Malaysian Minister Calls for Adoption of Bitcoin as Legal Tender
By Editors | 23/03/2022
Deputy minister Zahidi Zainul Abidin says the government should consider adopting bitcoin and other cryptocurrencies as legal tender.
Cryptocurrency
Australia Opens Consultation on Regulatory Regime for Crypto
By Manesh Samtani | 22/03/2022
The consultation proposes minimum standards of conduct, AML compliance obligations, and fit and proper requirements for directors and key persons.
Conduct, Culture & Accountability
IOSCO to Develop Regulatory Toolkit on Retail Investor Protection
By Manesh Samtani | 21/03/2022
IOSCO consultation asks whether certain gamification should be regulated or prohibited, and whether regulators should be monitoring crypto-asset trading by retail investors.
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