Crypto / Digital Assets

Crypto / Digital Assets

US Judge Skeptical of SEC Stance Against Coinbase

By Editors | 15/07/2023

In a pre-motion hearing, the judge suggested it was reasonable for Coinbase to think they were not breaking the law based on the SEC’s issuance of the S-1 form.

Crypto / Digital Assets

Stablecoins Threaten Policy Sovereignty, Says RBI Deputy Governor

By Mark Johnston | 14/07/2023

Stablecoins are only beneficial to linked economies, such as the US and Europe, but not to India, said T Rabi Sankar.

Crypto / Digital Assets

FSB Delivers Key Updates on Crypto, Climate to G20

By Manesh Samtani | 14/07/2023

The FSB said attention must now turn to implementation of its new crypto regulatory standards; Updated roadmap on climate risks is published.

Crypto / Digital Assets

US SEC Accepts Application from BlackRock to List Spot Bitcoin ETF

By Mark Johnston | 14/07/2023

The US SEC’s acceptance of BlackRock’s proposal marks the commencement of an official review of other Bitcoin ETF applications.

Crypto / Digital Assets

HDFC Bank Implements Interoperability between CBDC and UPI

By Editors | 13/07/2023

HDFC Bank customers with UPI IDs can use the QR code at retail shops to transfer funds directly from their CBDC wallets.

Crypto / Digital Assets

UK Treasury Consults on Digital Securities Sandbox

By Sanday Chongo Kabange | 13/07/2023

The proposed Digital Securities Sandbox will enable firms to test issuance and trading of digital securities.

Big Picture

BIS Releases Three Reports Covering Crypto, Stablecoins, CBDC

By Manesh Samtani | 13/07/2023

One report says explains why crypto assets are ill-suited to play a significant role in the monetary system. The other two discuss CBDC progress.

Crypto / Digital Assets

Korea Issues Guidelines on Crypto Accounting & Disclosures

By Sanday Chongo Kabange | 13/07/2023

The new guidelines seek to enhance accounting and disclosure requirements for companies that issue or hold virtual assets.

Crypto / Digital Assets

Woori Bank Caught Up in Crypto-related Embezzlement Scandal

By Sanday Chongo Kabange | 13/07/2023

On of Woori Bank’s employees embezzled about KRW 90 million and used it for personal investments in crypto.