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CBDCs
NY Fed, MAS to Test CBDC-based Cross-Border Payments
By Editors | 11/11/2022
“Project Cedar Phase II x Ubin+” will seek to enhance designs for atomic settlement of cross-border cross-currency transactions, leveraging wholesale CBDCs as a settlement asset.
Clearing & Post-Trade
ESMA Recognises TAIFEX as QCCP Under EMIR
By Editors | 11/11/2022
The recognition lowers capital requirements and makes managing counterparty risk easier for EU financial institutions participating in Taiwan’s market.
PEPs & Sanctions
OFAC Redesignated Tornado Cash to Link to DPRK WMD Programme
By Editors | 10/11/2022
The August designation did not connect Tornado Cash to North Korea’s nuclear programme.
Cryptocurrency
Binance Backs Out of FTX Deal, Citing Regulatory Probes
By Manesh Samtani | 10/11/2022
The US DOJ, SEC and CFTC are investigating FTX over its crypto lending products, handling of customer funds, and relationship with its US entity.
Cryptocurrency
US Court Rules Crypto Firm LBRY Sold Unregistered Securities
By Manesh Samtani | 09/11/2022
Industry watchers say the ruling could have implications for the SEC’s suit against Ripple, which was charged in December 2020 with selling unregistered securities.
Cybersecurity
Thai SEC: Revised IT Security Rules to Take Effect in July 2023
By Editors | 08/11/2022
The SEC has strengthened the obligations of capital markets and digital assets firms to supervise and manage the risks to their IT systems.
Trading & Investment
NYSE, IDX Agree to Cooperate on Product Development
By Editors | 08/11/2022
The New York and Indonesian exchange agreed to collaborate on product development, market promotion, and knowledge sharing.
Fraud, Scams & Cybercrime
US Agents Seized Over $3.3bn in Silk Road’s Bitcoin Last Year: DOJ
By Editors | 08/11/2022
Over 50,000 Bitcoin, stolen from online marketplace Silk Road in 2012, was seized in November 2021 and has since lost more than two-thirds of its value.
Fraud, Scams & Cybercrime
Most Ransomware Attacks Have a Russia Nexus: FinCEN
By Editors | 06/11/2022
About 75 percent of ransomware-related incidents reported to FinCEN in H2 2021 had a nexus to Russia, its proxies, or persons acting on its behalf.
CBDCs
NY Fed Issues Phase One Report on Wholesale CBDC Research
By Editors | 04/11/2022
In the test environment, wholesale CBDC transactions on a blockchain-enabled distributed ledger system settled in under 15 seconds on average.
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