Crypto / Digital Assets

AML / KYC

How North Korean Cryptocurrency Abuse Is Expanding

By Sasha Erskine | 18/07/2022

Countries must secure new and emerging gateways that are used to circumvent sanctions, as North Korea’s exploitation of cryptocurrency continues.

Capital / Liquidity

BCBS Treatment of Banks’ Crypto Exposures Still Constraining: ISDA

By Manesh Samtani | 18/07/2022

ISDA chief executive Scott O’Malia says the new group 2 exposure limit presents a “significant constraint” on the extent to which banks can participate.

Crypto / Digital Assets

UK Commences Inquiry Into Crypto Asset Risks and Opportunities

By Editors | 17/07/2022

A UK parliamentary committee is collecting evidence on the opportunities and risks that crypto-assets may bring to consumers, businesses and the government.

Crypto / Digital Assets

US Treasury Consults on Digital Asset Risks and Opportunities

By Editors | 17/07/2022

The request for comment seeks input on the opportunities and risks digital assets may pose to consumers, investors, businesses, and financial markets.

Crypto / Digital Assets

Thailand Refines Rules for Crypto Firms, Issues Draft Rules for Banks

By Manesh Samtani | 15/07/2022

The SEC amended capital requirements and other rules for crypto firms. The BOT issued draft rules for banks dealing in crypto. Two crypto exchanges were penalised.

Crypto / Digital Assets

OECD Confirms Timeline Revision for New Global Tax Rules

By Editors | 15/07/2022

A new international treaty for the Pillar One reforms will be finalised by mid-2023 for entry into force in 2024.

Crypto / Digital Assets

BOJ to ‘Carefully’ Examine CBDC Impact on Bank Deposits

By Sanday Chongo Kabange | 14/07/2022

A shift away from bank deposits may not occur if banks offer “smooth exchange of CBDC and deposits” and “attractive services related to CBDC”.

Crypto / Digital Assets

CPMI, IOSCO Issue Final Guidance on Stablecoin Arrangements

By Editors | 14/07/2022

CPMI and IOSCO confirm that the PFMI apply to systemically important stablecoin arrangements that transfer stablecoins.

Crypto / Digital Assets

BOE Calls for Clear Regulatory Framework for Crypto Assets

By Mark Johnston | 14/07/2022

BOE’s Jon Cunliffe said the extension of a regulatory framework to encompass crypto must be grounded in the iron principle of ‘same risk, same regulatory outcome’.