Crypto / Digital Assets

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    Uncategorised

    HK SFC Adds Two New Suspicious VATPs on Alert List

    By Sanday Chongo Kabange | 07/12/2023

    The SFC has warned the public to be wary of two suspicious VATPs – HongKongDAO and BitCuped – and asked the police to block them.

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    Crypto / Digital Assets

    Korea & Italy to Cooperate on RTGS Systems & CBDC

    By Editors | 07/12/2023

    Bank of Korea and Bank of Italy will share skills and knowledge and cooperate on technologies that support RTGS systems and CBDC.

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    Crypto / Digital Assets

    SocGen Becomes First Major Bank to List Stablecoin

    By Editors | 07/12/2023

    The euro-pegged stablecoin was listed on crypto exchange Bitstamp, which has licences in Luxembourg and France.

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    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.

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    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.

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    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.

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    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.

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    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”.

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    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.

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    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.

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