International

AML / KYC

Nigeria Sues Binance for Economic Losses and Back Taxes

By Nithya Subramanian | 25/02/2025

The tax authority contends that Binance has a “significant economic presence” in Nigeria, making it liable for corporate income tax.

Crypto / Digital Assets

FSB Launches Thematic Review of Global Crypto Regulatory Framework

By Thisanka Siripala | 25/02/2025

The FSB is inviting feedback to evaluate progress made by countries in implementing its global regulatory framework for crypto-asset activities.

ESG / Sustainability

IIGCC Sets Out Core Principles for Sectoral Roadmaps

By ESG Investor | 25/02/2025

The IIGCC said the new core principles will allow roadmaps to be “more effectively used by investors to inform decision-making and investment processes.”

Crypto / Digital Assets

Bybit Falls Victim to $1.5bn Crypto Theft, the Largest in History

By Thisanka Siripala | 24/02/2025

The theft was reportedly orchestrated by North Korea’s Lazarus Group. Security experts are investigating how the self-custodial multi-sig wallet used by Bybit was compromised.

Market Infrastructure

CPMI Issues New Report on Interlinking Fast Payment Systems

By Thisanka Siripala | 24/02/2025

The report says linking FPS is a priority for the G20, and that several FPS operators have expressed interest in establishing interlinking arrangements.

AML / KYC

GLEIF Announces First Qualified vLEI Issuer in China

By Mark Johnston | 24/02/2025

The China Financial Certification Authority has become the first China-based issuer of fully digitised Legal Entity Identifiers.

Enforcement

FTX Begins Creditor Repayments After Three-Year Wait

By Nithya Subramanian | 23/02/2025

The FTX estate has started distributing funds to creditors, with initial payouts prioritising small claims under $50,000.

Capital / Liquidity

BIS Report Says AI Eases Credit Volatility in Banking

By Thisanka Siripala | 23/02/2025

During the pandemic, Italian banks that used AI-based credit scoring systems demonstrated more selective responses to economic indicators and maintained a more steady approach to lending.

AML / KYC

FATF Removes Philippines from Grey List, Adds Nepal and Laos

By Manesh Samtani | 23/02/2025

The FATF also agreed on standards revisions to support financial inclusion and to issue consultations on payment transparency and proliferation financing schemes.