Saturday, October 1, 2022

Hong Kong About to Start Trials of its Central Bank Digital Currency (CBDC)

The Hong Kong Monetary Authority (HKMA) statd on Tuesday that it plans to start trials of its central bank...

MAS Launches Financial Services Industry Transformation Map 2025

Mr Lawrence Wong, Deputy Prime Minister and Minster for Finance, and Monetary Authority of Singapore (MAS) Deputy Chairman, launched...

Treasury will warn White House that crypto needs major regulations

The US Treasury is expected to release four reports this months in which it will outline various economic risks...

Australian Federal Police (AFP) Establishes a New Crypto AML Unit

The Australian Federal Police has set up a new cryptocurrency unit to target money laundering as more criminals seek...

New UK Crypto Rules for Sanctions

UK Treasury’s Office of Financial Sanctions Implementation updated its sanctions guidance on 30 August to explicitly include “cryptoassets” among...

Fed Research Publishes Two Papers

The US Federal Reserve just published a pair of papers last week exploring two topics related to crypto: "The...

SEC & CFTC Propose Amendments for Hedge Fund Crypto Reporting

US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly proposed an amendment to...

Google Invests $1.5bn in Crypto Companies

Google’s parent company Alphabet invested more than any other firm in crypto companies according to the new research by...

EU Close to Agreement on Crypto Regulation

The European Union is closing in on an agreement to regulate the cryptocurrency sector that would establish common rules...

The Lummis-Gillibrand Act on Digital Assets Tabled

Democrat Senator Kristen Gillibrand and Republican Cynthia Lummis introduced the new Responsible Financial Innovation Act designed to act as...

New Regulations Impacting Binance and Others

This was a busy week. New crypto related regulations and restrictions impacted some of the largest global crypto exchanges...

Bank of Canada: Bitcoin Only Use for “Illicit Transactions”

In a speech delivered on February 10th, Bank of Canada's Deputy Governor Timothy Lane addressed the concept of a...

FinCEN Proposes Enhanced AML Rules for Non-Custodial Wallets

The Financial Crimes Enforcement Network (FinCEN) published a "notice proposed rule making" outlining the proposed rule that suggests that...