Crypto / Digital Assets

Crypto / Digital Assets

CPMI Assesses Benefits of Stablecoins in Cross-border Payments

By Manesh Samtani | 05/11/2023

CPMI says stablecoins would not necessarily have a positive impact on cross-border payments even if they were properly designed and regulated.

Crypto / Digital Assets

FCA Finalises Guidance on Cryptoasset Financial Promotions

By Editors | 05/11/2023

Crypto promotions should apply the Consumer Duty; finfluencers should disclose commercial relationships; regulated status should not be used in a promotional way.

Crypto / Digital Assets

SFC Issues Rules for Tokenised Securities and Investment Products

By Manesh Samtani | 03/11/2023

Tokenised securities have to meet the same requirements as traditional securities. Primary dealing of tokenised investment products will be allowed.

Crypto / Digital Assets

Tokenisation Steers Paradigm Shift in Finance: BIS Innovation Hub

By Georgina Lee | 03/11/2023

The next paradigm shift for financial assets is tokenisation, BIS Innovation Hub head Cecilia Skingsley said at Hong Kong Fintech Week.

AML / KYC

US Jury Convicts FTX’s Sam Bankman-Fried on Fraud Charges

By Editors | 03/11/2023

Bankman-Fried faces up to 110 years in prison when he is sentenced in March. He also faces another trial for alleged foreign bribery and bank fraud conspiracies.

Crypto / Digital Assets

HSBC Tokenises Ownership of Physical Gold

By Editors | 03/11/2023

HSBC has developed the capability to create a ‘digital twin’ of physical gold that is custodied in its London vault.

Crypto / Digital Assets

HKMA Collaborating with BOT, PBOC on Payments Initiatives

By Georgina Lee | 02/11/2023

Hong Kong will link FPS with PromptPay and connect the city’s payment infrastructure to e-CNY, officials said a Hong Kong Fintech Week.

Enforcement

Taiwan Arrests Suspects in Record Crypto Laundering Case

By Mark Johnston | 02/11/2023

A fake securities trading app was used to launder over USD 320 million via crypto in the largest case of its kind in Taiwan.

Enforcement

China Jails 21 for Laundering USDT from Online Fraud, Gambling

By Mark Johnston | 02/11/2023

A group of 21 people in China laundered criminal proceeds from online fraud and gambling activities using USDT.