Crypto / Digital Assets

AML / KYC

KoFIU, DAXA Target Unlicensed Crypto Firms With New Initiative

By Editors | 06/12/2023

The public can report unlicensed crypto exchanges to DAXA, which will review the reports and then pass them to KoFIU for further action.

Crypto / Digital Assets

Cristiano Ronaldo Facing Class Action Over Binance Endorsement

By Editors | 04/12/2023

The $1bn lawsuit claims the endorsement led the plaintiffs to make loss-making investments, including in “CR7” branded NFTs.

Crypto / Digital Assets

IOSCO Chair Calls for Coordinated Response to Crypto Challenges

By Ranamita Chakraborty | 04/12/2023

Jean-Paul Servais and Tuang Lee Lim from IOSCO highlight the need for standardised guidelines for crypto, digital assets and sustainability.

Crypto / Digital Assets

Third Phase of CBDC Project “Helvetia” Gets Underway

By Manesh Samtani | 01/12/2023

The pilot programme allows participating banks to settle digital bonds and repo transactions against wholesale CBDC on a DvP basis.

Crypto / Digital Assets

Cyber Security is a Key Risk for CBDCs: BIS Paper

By Manesh Samtani | 01/12/2023

The report points to potential gaps in central banks’ internal capabilities and skills as a “key risk”.

Crypto / Digital Assets

US Treasury Lobbies for Powers to Pursue Foreign Crypto Firms

By Editors | 30/11/2023

Deputy Secretary Wally Adeyemo said Treasury is calling for legislation authorising OFAC to exercise extraterritorial jurisdiction over transactions in USD-pegged stablecoins.

Crypto / Digital Assets

More Foreign Banks Join China’s CBDC Pilot Initiative

By Manesh Samtani | 30/11/2023

HSBC, Hang Seng Bank, Fubon Bank and Standard Chartered are participating in China’s CBDC pilot initiative.

Crypto / Digital Assets

BIS Publishes Findings from CBDC Project to Address Privacy, Security

By Manesh Samtani | 30/11/2023

The report says Project Tourbillon shows that it is feasible to implement payer anonymity and “quantum-safe blind signatures”.

Crypto / Digital Assets

The Boiling Frog: Finfluencers in the Investment Management Industry

By Pankaj Sharma | 29/11/2023

Pankaj Sharma and Phoebe Chan discuss the complexities of regulating financial promotions online, finfluencers in particular, and offer recommendations.