Crypto firms are directed to freeze assets of targets listed under the Consolidated List and report suspected sanctions breaches to the OFSI.
September 8, 2022OFSI provides no recognition (i.e., a 100% haircut) for Group 2 cryptoassets held as collateral, but is seeking views on hedging practices that could warrant a lower haircut.
August 29, 2022The FCA approved 35 crypto firms out of 273 that applied for registration with the FCA under AML regulations.
July 27, 2022CPMI and IOSCO confirm that the PFMI apply to systemically important stablecoin arrangements that transfer stablecoins.
July 14, 2022Total 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, 2022NFTs are not suitable for retail investors, due to a lack of regulation, liquidity, and clarity over ownership, the central bank says.
June 22, 2022The UK scrapped a proposal to require both fiat currency and cryptoasset transfers to be considered when calculating the de minimis threshold, which has been set at EUR 1,000.
June 21, 2022The BOE will seek views from the public later this year about the possible issuance of a CBDC in the "second half of the decade" at the earliest.
June 10, 2022The BCBS will soon publish its final set of principles on managing climate-related financial risks, and a second consultation on the treatment of banks' crypto-asset exposures.
June 1, 2022The world's fourth largest stablecoin lost its peg this week, trading as low as 23 cents to the dollar on Wednesday.
May 12, 2022