Digital Assets

    Cryptocurrency

    Ripple Calls on Korea to Further Develop Digital Assets Framework

    By Editors | 19/03/2022

    New policy paper calls for the implementation of a “risk-sensitive” digital asset regulatory framework to provide certainty and encourage innovation in the sector.

    Cryptocurrency

    CFTC Consults on Crypto Derivatives Model Proposed by FTX

    By Mark Johnston | 19/03/2022

    Under the proposed model, customers would have to post margin to open a position, and the margin level will be recalculated every 30 seconds as positions are marked to market.

    Cryptocurrency

    Australian Regulators Call for Action to Regulate Crypto Sector

    By Sanday Chongo Kabange | 18/03/2022

    The RBA’s Philip Lowe, ASIC’s Joe Longo and APRA’s Wayne Byres are calling additional regulation to protect consumers from risks associated with the crypto sector.

    Cryptocurrency

    SIX, LMAX Group to Launch 24/7 Traded Crypto Futures

    By Editors | 17/03/2022

    The launch will initially include centrally cleared USD settled Bitcoin and Ethereum futures, trading 23 hours, five days a week.

    PEPs & Sanctions

    MAS Issues Guidance on Russia Sanctions Compliance

    By Manesh Samtani | 17/03/2022

    Crypto exchange operators have all been instructed to provide details of their Russia-linked clients to the regulator.

    PEPs & Sanctions

    Japan Crypto Exchanges Ordered to Comply with Sanctions

    By Editors | 17/03/2022

    Fines up to JPY 1 million and up to three years’ imprisonment are specified for non-compliance with sanctions by crypto exchange platforms.

    Cryptocurrency

    DTC, Hodlnaut Get In-Principle Approval for DPT Services in SG

    By Editors | 17/03/2022

    Digital Treasures Center enables merchants to accept crypto in payments. Hodlnaut offers cryptocurrency borrowing and lending services.

    Cryptocurrency

    US Treasury Forms Educational Subgroup on Digital Assets

    By Editors | 16/03/2022

    The new subgroup will develop educational materials to help consumers make informed decisions about digital assets.

    CBDCs

    BSP to Initiate Pilot Project to Test CBDC Use Cases

    By Sanday Chongo Kabange | 16/03/2022

    The BSP is looking to explore the use of CBDC in account-based distribution of cash assistance, as well as in cross-border money transfers.

    Cryptocurrency

    S. Korea Elects Pro-Crypto President, Yoon Suk-yeol

    By Mark Johnston | 16/03/2022

    President-elect Yoon Suk-yeol has promised to overhaul Korea’s regulatory framework for cryptocurrency, and to relax crypto taxation policies.

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