The framework will require crypto exchanges to define token listing standards, strengthen rules for intermediaries and custodians, and introduce a crypto market abuse regime.
February 2, 2023Stablecoins must be fully backed, redemption at par must be available at all times, and issuers must be licenced. Algorithmic stablecoins will not be accepted.
February 1, 2023The initiatives seek to mitigate risks related to financial stability, insolvencies, scams, and virtual assets, while also promoting innovation and fintech.
February 1, 2023Congress should strengthen disclosure requirements for crypto firms and expand regulators’ powers to prevent misuses of customers’ assets and mitigate conflicts of interest, officials say.
January 30, 2023New Zealand will look to increase its foreign reserves holdings over "a number of years" in order to minimise the market impact.
January 27, 2023Banque de France official says tokenisation increases operational risks, especially cyber risks, and needs to be regulated "as swiftly as possible".
January 26, 2023Jurisdictions have not finished implementing Basel III reforms to mitigate spillovers between banks and non-bank financial entities.
January 19, 2023Foreign shareholders can own up to 25% of a virtual bank. A BOT waiver raises this to a 49% limit. Three licences will be granted next year.
January 17, 2023The report calls on financial sector regulators to implement and align E&S risk management requirements for banks to ensure financial stability.
January 16, 2023RBI stress tests for credit risk showed that commercial banks can meet minimum capital requirements even under severe stress situations.
January 8, 2023