A retail CBDC could ultimately hurt commercial banks, as it would translate to a fall in deposits and a reduction in the availability of funds for lending to households and businesses, the RBA says.
January 13, 2020Technology has displaced the 2008 financial crisis as the main issue driving the international regulatory agenda, says a new report from Thomson Reuters.
January 9, 2020The BCBS consultation will likely give an indication of the banking industry's mindset towards holding cryptoassets in the future, says Douglas Cheung at Wolters Kluwer.
December 23, 2019New OECD research has found a strong likelihood of misalignment between the risk profiles of some financial consumers and the riskiness of cryptoassets.
December 18, 2019The BCBS proposes to allocate direct crypto-asset holdings to the banking book, and indirect exposures to the trading book, while prohibiting the use of internal models to calculate market risk.
December 12, 2019A bill passed by the national policy committee will subject digital asset businesses to penalties for not meeting FATF standards in their oversight systems for preventing money laundering.
November 27, 2019Under Thailand's regulatory framework, 'ICO portals' help screen ICOs, conduct due diligence, prove smart contract source codes and verify KYC processes before they are released to the market.
October 23, 2019The syndicate is said to have used fraudulently-obtained identities to steal millions of dollars from the superannuation and share trading accounts of innocent victims.
September 18, 2019Tech Bureau Corp – the ex-operator of hacked exchange Zaif – will become the first FSA-registered crypto exchange operator to shut down its operations.
August 24, 2019Criminal organisations are increasing seeking the use of bank accounts in Japan to disguise illicit profits, with incidents of money laundering rising 40% year-on-year.
July 30, 2019