United States

CBDCs

Boston Fed, MIT Research Shows Potential For CBDC

By Sanday Chongo Kabange | 10/02/2022

Project Hamilton produced a code base capable of handling 1.7 million transactions per second, 99% of which reached settlement finality in under one second.

Structural Regulation

Philippine SEC Proposes Fee Cap Guidance for Lending Companies

By Sanday Chongo Kabange | 09/02/2022

The proposed guidance seeks to operationalise a BSP circular which was implemented earlier this year to curb predatory lending practices.

Cybersecurity

Thai SEC Calls on Crypto Businesses to Improve Cybersecurity

By Editors | 09/02/2022

The SEC reminds crypto businesses to bolsters their cybersecurity systems, safeguard customer assets, and comply with IT audit and penetration testing requirements.

Trading & Investment

Thailand Allows Fractional Trading in Depositary Receipts

By Editors | 07/02/2022

Rule revisions approved by the SEC amend the criteria for depositary receipts linked to overseas underlyings so that they do not have to be traded in whole number units.

Market Abuse

US DOJ Probes for Criminal Abuses by Known Short Sellers

By Editors | 07/02/2022

The DOJ is reportedly seeking records from almost 30 investment and research firms to map out their alliances and determine whether they manipulated markets or broke securities laws.

Fraud, Scams & Cybercrime

Philippines: DOJ, BAP to Collaborate on Combatting Cybercrime

By Ranamita Chakraborty | 07/02/2022

The DOJ and BAP will collaborate on stronger measures to combat online fraud, including to enhance enforcement and prosecution of cybercriminals.

Stablecoins

Facebook Sells Stablecoin IP and Tech Assets to Silvergate

By Sanday Chongo Kabange | 07/02/2022

The sale was announced after it became clear from dialogue with federal regulators that “the project could not move ahead”.

Cryptocurrency

Crypto Prepares for a Regulated Future

By David Liu | 07/02/2022

As crypto goes mainstream, regulatory compliance will require robust and financial institution-grade AML and KYC processes, says David Liu.

Fraud, Scams & Cybercrime

Australian Billionaire Launches Criminal Proceedings Against Facebook

By Editors | 06/02/2022

Fortescue Metals Group chairman Andrew Forrest alleges that Facebook broke AML laws by failing to prevent crypto scams from being advertised on its platform.