International

Crypto / Digital Assets

Crypto Lender BlockFi Follows FTX Into Bankruptcy

By Editors | 29/11/2022

BlockFi said its liquidity crisis was due to its exposure to FTX as well as cryptocurrencies held on FTX’s platform that became trapped.

Crypto / Digital Assets

VASPs Propose Measures to Improve Regulatory Mechanisms for Crypto

By Editors | 28/11/2022

The proposals include a mechanism to allow VASPs to discover one another, so as to better manage counterparty risk and enhance compliance requirements.

AML / KYC

Authorities from Ten Countries Take Down Spoofing Website

By Editors | 28/11/2022

Europol says the website offered services that enabled fraudsters to impersonate companies including banks to access sensitive information from victims.

ESG / Sustainability

ISDA Identifies Opportunities to Standardise SLD Terms

By Editors | 26/11/2022

ISDA describes sustainability-linked derivatives as typical derivatives transactions with an ESG add-on that affects payment flows.

Securities / Derivatives

Canada Study Shines Spotlight on How Gamification Influences Investors

By Mark Johnston | 25/11/2022

In the study, participants who were rewarded with points for buying and selling stocks made 39% more trades, even though the points had “negligible value.”

Crypto / Digital Assets

INTERPOL Operation Sees $129m in Crypto Assets Seized

By Editors | 25/11/2022

Operation Haechi III resulted in the arrest of 975 individuals and allowed investigators to resolve more than 1,600 fraud and scam cases.

Market Infrastructure

UK FCA Publishes Consultation on Synthetic USD LIBOR

By Manesh Samtani | 24/11/2022

The FCA proposes that the 1-, 3- and 6-month USD LIBOR settings will be published under a synthetic methodology until end September 2024.

Fintech / Regtech

IMF Shines Spotlight on Benefits of Instant Payments

By Sanday Chongo Kabange | 24/11/2022

The IMF says demand attributes and benefits offered by instant payments may make CBDC less compelling if issued.

Fintech / Regtech

ISDA Launches Digital Regulatory Reporting 1.0

By Editors | 23/11/2022

The DRR is now available to market participants in full production mode to support compliance with the CFTC’s amended swap data reporting rules.