Crypto / Digital Assets

Crypto / Digital Assets

Crypto Focused Bank Silvergate Edges Towards Closure

By Manesh Samtani | 06/03/2023

Silvergate warned that it was evaluating its ability to operate as a going concern, prompting client departures and the discontinuation of its crypto payments network.

Crypto / Digital Assets

Japanese Banks Commence Stablecoin Issuance Experiment

By Editors | 03/03/2023

Tokyo Kiraboshi FG, Minna Bank and Shikoku Bank will issue a stablecoin using a system developed by Web3 infrastructure company GU Technologies.

Crypto / Digital Assets

FSB-IMF Paper to Support Global Policy Approach to Crypto

By Editors | 03/03/2023

An “IMF-FSB Synthesis Paper” due to be published in September will support a “coordinated and comprehensive policy approach to crypto-assets”.

Capital / Liquidity

BCBS Adds New Monitoring Dashboard for Banks’ Crypto Exposures

By Editors | 03/03/2023

In the first six months of 2022, cryptoassets under custody at banks declined 66 percent, largely due to fewer banks participating in the exercise.

Crypto / Digital Assets

RBA Selects Use Cases to be Tested in Live CBDC Pilot

By Manesh Samtani | 03/03/2023

ANZ is involved in four case proposals; CBA is involved in two. Mastercard and Cuscal propose to use CBDC to enable consumers to buy NFTs.

Crypto / Digital Assets

Korea FSS is Investigating Crypto Staking Services – Reports

By Editors | 02/03/2023

The FSS has asked at least three crypto exchanges for data related to crypto staking services.

Crypto / Digital Assets

Korea to Address Phishing Scams Targeting Crypto Assets

By Editors | 01/03/2023

Planned legislative changes will include crypto-related phishing scams under the existing law on telecommunications-based financial fraud.

Crypto / Digital Assets

AIMA Publishes New Due Diligence Questionnaires for Digital Assets

By Editors | 01/03/2023

The DDQs are primarily designed for investors to evaluate investment and operational risks associated with allocations to digital asset investment funds.

Crypto / Digital Assets

Third FTX Executive Pleads Guilty to US Fraud Charges

By Manesh Samtani | 01/03/2023

Nishad Singh created the software code that allowed FTX customer funds to be diverted to the Alameda Research hedge fund.