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International
Big Picture
Responsible Innovation in Financial Markets: Observations from the Trenches
By Manoj Ramia | 01/02/2023
Digital Asset’s Manoj Ramia says responsible financial innovation should be informed by reality, focus on solving real problems and stay within regulatory guardrails.
AML / KYC
FINTRAC Issues Guidance on Detecting Illegal Wildlife Trade
By Editors | 01/02/2023
The guidance provides money laundering indicators based on analysis of approximately 200 STRs related to illegal wildlife trade between 2011 and 2022.
Crypto / Digital Assets
Bankman-Fried Lawyers Request Access to Crypto Held by FTX
By Editors | 31/01/2023
The DOJ asked for a communications ban against Bankman-Fried as an additional bail condition. Last week, a 116-page list of the FTX’s creditors was filed to the bankruptcy court.
Crypto / Digital Assets
Moody’s is Developing a Scoring System for Stablecoins – Report
By Editors | 31/01/2023
The project, still in the early stages of development, will produce scores for up to 20 stablecoins based on reserve attestation quality.
ESG / Sustainability
Climate Consultancy South Pole Accused of Over-issuing Carbon Credits
By Editors | 30/01/2023
South Pole is alleged to have oversold 27 million tonnes of carbon credits and then failed to notify clients when the mistake was discovered.
AML / KYC
US, EU Authorities Take Down HIVE Ransomware Gang
By Editors | 30/01/2023
“Simply put, using lawful means, we hacked the hackers,” said deputy attorney general Lisa Monaco.
Crypto / Digital Assets
Allowing Self-Custody Should be Considered in CBDC Design
By Sanday Chongo Kabange | 30/01/2023
World Economic Forum article suggests CBDC designers should consider allowing self-custody as an option to increase overall user dignity and welfare.
Sanctions
West Imposes More Iran Sanctions in Response to Protest Handling
By Editors | 29/01/2023
Iran responded with sanctions against EU and UK individuals and entities. IAEA director general Rafael Grossi plans to visit Iran in February for “much needed” political dialogue.
Crypto / Digital Assets
ISDA Launches Standard Definitions for Digital Asset Derivatives
By Editors | 27/01/2023
ISDA says the definitions set clear provisions for execution and settlement and will help to reduce credit and market risk in digital asset trading.
Fintech / Regtech
New Network Launches to Facilitate Stablecoin, CBDC Transfers
By Editors | 27/01/2023
Several Tier 1 banks are participating in POCs to test the Universal Digital Payment Network (UDPN) for cross-border transfers and swaps.
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