Total bank exposures to Group 2 cryptossets would be capped at 1% of Tier 1 capital. Banks would be permitted to recognise hedging for certain Group 2 cryptoassets.
July 1, 2022The court said virtual currencies are not legal tender, referencing the 2017 declaration from the PBOC. A higher court upheld the ruling.
June 27, 2022Research report finds that the Lightning network enables a single Bitcoin transaction to become 194 million times more energy-efficient than a classical payment.
June 26, 2022Since April, Indian crypto exchanges have not been able to accept deposits via the UPI. BACC members are asking for a reversal of the decision.
June 23, 2022Crypto mining has continued in China despite a government ban on such activities since May 2021.
June 17, 2022ADDX will begin recognising bitcoin and ether using a 50 percent haircut and stablecoin USDC using a 10 percent haircut.
June 14, 2022The CFTC says Gemini misled the regulator about whether it could prevent manipulation in the prices used as a benchmark for a bitcoin futures contract.
June 3, 2022New non-tradable EUR-denominated reference rates and real-time indices for Bitcoin and Ether will be published starting 6 June.
May 25, 2022The analysis suggests that a less punitive capital framework should be considered for banks' exposures to Bitcoin and Ethereum.
May 24, 2022A newly unsealed federal court opinion supports the DOJ's first criminal prosecution involving the use of crypto for sanctions evasion.
May 20, 2022