In the first sentencing of a crypto founder for a marketing fraud, prosecutors said Randall Crater defrauded investors of more than $7.5mn.
February 4, 2023The 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 guidance provides money laundering indicators based on analysis of approximately 200 STRs related to illegal wildlife trade between 2011 and 2022.
February 1, 2023World Economic Forum article suggests CBDC designers should consider allowing self-custody as an option to increase overall user dignity and welfare.
January 30, 2023The US's cautious approach to CBDCs could negatively impact the domestic economy, threaten the dollar's dominance and have implications for sanctions evasion.
January 30, 2023A CBDC could be supported by the use of privacy-enhancing technologies to anonymise data while still allowing for AML/CFT analysis, the BOJ says.
January 29, 2023Several Tier 1 banks are participating in POCs to test the Universal Digital Payment Network (UDPN) for cross-border transfers and swaps.
January 27, 2023NAB plans allow clients to use the stablecoin for repo transactions, cross-border remittances, and carbon credits trading.
January 20, 2023New paper from the BIS, IMF and World Bank assesses the benefits and challenges associated with using multilateral platforms for cross-border payments.
January 20, 2023