Crypto / Digital Assets

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    Big Picture

    French Regulator Calls for Global Approach to DeFi Regulation

    By Editors | 21/06/2023

    The AMF seeks a “balanced regulatory framework that will help support the sound development of decentralised finance in the long run”.

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    Crypto / Digital Assets

    MAS Proposes Common Digital Money Standards

    By Karen Ng | 21/06/2023

    MAS has published a whitepaper specifying conditions for the use of digital money.

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    Crypto / Digital Assets

    BIS Offers Blueprint for Future Monetary & Financial System

    By Editors | 21/06/2023

    The BIS says the future financial system will combine tokenised money and assets on a programmable platform.

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    AML / KYC

    Japan Introduces New Tax Rules for Token Issuers

    By Mark Johnston | 20/06/2023

    The new tax rules exempt issuers from paying taxes on unrealised gains on tokens they issue and hold.

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    Crypto / Digital Assets

    US FDIC Orders OKCoin to Stop Advertising Deposit Insurance

    By Sanday Chongo Kabange | 19/06/2023

    Crypto firm OKCoin is directed to “immediately” remove misleading statements about deposit insurance or face enforcement action.

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    Enforcement

    NYAG Penalises CoinEx $1.8m for Failure to Register

    By Sanday Chongo Kabange | 19/06/2023

    CoinEx must implement geoblocking to prevent New York IP addresses from accessing its platform.

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    AML / KYC

    US Court Orders Binance to Isolate US Business from Global Operations

    By Manesh Samtani | 19/06/2023

    The SEC said the “emergency relief” helps ensure that Binance.US customers are protected and their assets remain in the US.

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    Crypto / Digital Assets

    Global Consortium Executes First “Quantum-Secure” Trade Transaction

    By Sanday Chongo Kabange | 19/06/2023

    The trade parties utilised IMDA’s ‘TradeTrust framework’ and placed a quantum-secure ‘seal’ on the electronic trade documents.

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    Crypto / Digital Assets

    HKMA Meets with Crypto Firms on Banking Access Challenges

    By Karen Ng | 19/06/2023

    Banks operating in Hong Kong should endeavour to meet the legitimate business need of licensed VASPs, the HKMA told Regulation Asia.

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    Crypto / Digital Assets

    BIS Innovation Hub Concludes Joint CBDC Experiment With BOE

    By Editors | 19/06/2023

    Project Rosalind explored how a universal and extensible API layer could connect central bank and private sector infrastructures and facilitate retail CBDC payments.

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