Crypto / Digital Assets

Crypto / Digital Assets

EU Publishes Details of Latest Russia Sanctions Package

By Editors | 18/12/2023

EU adds 147 names to asset freeze list and bans diamond imports in its 12th round of sanctions against Russia since February 2022.

Crypto / Digital Assets

Korea Showing Leadership on Crypto Assets, Says IMF Head

By Mark Johnston | 18/12/2023

Korea is showing leadership by amending its AML law and setting up new legislation on crypto assets, said the IMF’s Kristalina Georgieva.

Crypto / Digital Assets

India’s GIFT City Set to Launch Market for Tokenised Assets

By Ajoy K Das | 18/12/2023

GIFT City’s first regulated trading platform for tokenised commercial real estate assets is expected to launch in January 2024.

Crypto / Digital Assets

FASB Issues Standards to Implement ‘Fair Value’ Accounting for Crypto

By Mark Johnston | 18/12/2023

Fair value accounting allows firms to provide a clearer view of their financial position and the actual economic value of their crypto holdings.

Crypto / Digital Assets

IOSCO Calls for Stronger Response to Online Threats to Retail Investors

By Manesh Samtani | 17/12/2023

Collaboration is needed between regulators, law enforcement, and stakeholders in the broader online ecosystem like search engine operators and social media platforms.

Crypto / Digital Assets

US SEC Denies Coinbase Rule-making Petition

By Editors | 17/12/2023

SEC Chair Gary Gensler said the existing securities regime already appropriately governs crypto asset securities.

AML / KYC

India, US Pledge to Cooperate on Global Illicit Finance Risks

By Editors | 17/12/2023

Key topics of the joint India-US AML/CFT Dialogue were virtual assets, sanctions implementation, and beneficial ownership transparency.

Fintech / Regtech

RBA Sets Out Focus Areas for Upcoming Payments System Review

By Editors | 15/12/2023

The key focus areas for next year’s review are mobile wallets, BNPL services, and least-cost routing, Michele Bullock said.

Crypto / Digital Assets

BCBS Proposes Targeted Amendments to Cryptoasset Standard

By Manesh Samtani | 15/12/2023

The BCBS proposes to update the requirements relating to banks’ exposures to stablecoins, and other technical amendments.