International

Big Picture

Responsible Innovation in Financial Markets: Observations from the Trenches

By Manoj Ramia | 01/02/2023

Digital Asset’s Manoj Ramia says responsible financial innovation should be informed by reality, focus on solving real problems and stay within regulatory guardrails.

AML / KYC

FINTRAC Issues Guidance on Detecting Illegal Wildlife Trade

By Editors | 01/02/2023

The guidance provides money laundering indicators based on analysis of approximately 200 STRs related to illegal wildlife trade between 2011 and 2022.

Crypto / Digital Assets

Bankman-Fried Lawyers Request Access to Crypto Held by FTX

By Editors | 31/01/2023

The DOJ asked for a communications ban against Bankman-Fried as an additional bail condition. Last week, a 116-page list of the FTX’s creditors was filed to the bankruptcy court.

Crypto / Digital Assets

Moody’s is Developing a Scoring System for Stablecoins – Report

By Editors | 31/01/2023

The project, still in the early stages of development, will produce scores for up to 20 stablecoins based on reserve attestation quality.

ESG / Sustainability

Climate Consultancy South Pole Accused of Over-issuing Carbon Credits

By Editors | 30/01/2023

South Pole is alleged to have oversold 27 million tonnes of carbon credits and then failed to notify clients when the mistake was discovered.

AML / KYC

US, EU Authorities Take Down HIVE Ransomware Gang

By Editors | 30/01/2023

“Simply put, using lawful means, we hacked the hackers,” said deputy attorney general Lisa Monaco.

Crypto / Digital Assets

Allowing Self-Custody Should be Considered in CBDC Design

By Sanday Chongo Kabange | 30/01/2023

World Economic Forum article suggests CBDC designers should consider allowing self-custody as an option to increase overall user dignity and welfare.

Sanctions

West Imposes More Iran Sanctions in Response to Protest Handling

By Editors | 29/01/2023

Iran responded with sanctions against EU and UK individuals and entities. IAEA director general Rafael Grossi plans to visit Iran in February for “much needed” political dialogue.

Crypto / Digital Assets

ISDA Launches Standard Definitions for Digital Asset Derivatives

By Editors | 27/01/2023

ISDA says the definitions set clear provisions for execution and settlement and will help to reduce credit and market risk in digital asset trading.