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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.
Cybersecurity
Thai SEC Calls on Crypto Businesses to Improve Cybersecurity
By Editors | 09/02/2022
The SEC reminds crypto businesses to bolsters their cybersecurity systems, safeguard customer assets, and comply with IT audit and penetration testing requirements.
Stablecoins
Mitsui to Launch Japan’s First Gold-Pegged Cryptocurrency
By Mark Johnston | 08/02/2022
ZipangCoin will be made available to retail investors this month through Digital Asset Markets Inc, which is partly owned by Mitsui & Co.
CBDCs
China Showcases CBDC at Beijing Winter Olympics
By Sanday Chongo Kabange | 08/02/2022
Observers say China’s “zero Covid policy” has limited its ability to showcase the e-CNY to a wider population.
DeFi & Web3
UK Issues Tax Guidance for DeFi Lending & Staking
By Editors | 07/02/2022
CryptoUK says the approach would create an “unnecessary burden” for crypto investors and create tax compliance confusion.
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