International

China Establishes Communication Platform for Belt-and-Road Regulators

By Editors | 12/09/2023

The new communication platform was developed to enhance cross-border regulatory cooperation between countries participating in the “Belt and Road” initiative.

Fintech / Regtech

BIS, CBUAE Jointly Launch Sustainable Finance TechSprint

By Editors | 12/09/2023

The Techsprint is developed by CBUAE, alongside the COP28 Presidency, the Emirates Institute of Finance and the BIS.

Crypto / Digital Assets

G20 Endorses Crypto Regulatory Roadmap, India Unlikely to Impose Ban

By Manesh Samtani | 12/09/2023

The G20 finance ministers and central bank governors will meet again next month to take the IMF-FSB crypto regulatory roadmap forward.

Sanctions

HSBC to Halt Russia, Belarus Payments for Corporate Clients – Reports

By Editors | 11/09/2023

HSBC reportedly told customers that the sanctions and trade restrictions imposed on Russia and Belarus have made it “increasingly challenging” to operate.

Crypto / Digital Assets

Fourth Former FTX Executive Pleads Guilty to US Charges

By Editors | 10/09/2023

The former co-chief of FTX Bahamas pleaded guilty to making unlawful political donations and operating an illegal money-transmitting business.

Crypto / Digital Assets

DeFi Unlikely to Be Used for Real-world Assets: BIS Paper

By Manesh Samtani | 10/09/2023

BIS paper examines the problems associated with oracles, which collect and disseminate data for use in DeFi smart contracts.

Crypto / Digital Assets

Turkish Court Sentences Crypto Founder to 11,000 Year Jail Term

By Mark Johnston | 08/09/2023

The founder of Thodex and his two siblings were sentenced for fraud, money laundering and leading a criminal organisation.

ESG / Sustainability

NGFS Publishes Conceptual Framework for Nature Risk

By Editors | 08/09/2023

The framework provides a common language to the financial system and guides action by central banks and financial supervisors.

Crypto / Digital Assets

IOSCO Proposes Global Approach to Address DeFi Risks

By Manesh Samtani | 08/09/2023

The recommendations are predicated on the need to identify “responsible persons”, regardless of the operating model of the DeFi arrangement.