Central Banks Aren’t Sufficiently Ready for CBDC Risks: BIS Report
The introduction of central bank digital currencies could have major implications on the stability, the report said.
crypto
Digital Asset Investment Platform Fasset Wins Operational License in Dubai
Fasset, a digital asset investment platform, has won the licence to operate in Dubai as a Virtual Asset Service Provider (VASP), allowing it to serve institutional investors, qualified investors and retail investors.
UK to Hit Crypto Users With Penalties for Unpaid Taxes
The Treasury encouraged users to voluntarily disclose unpaid income or capital gains tax from crypto, NFT and utility token holdings.
Central Bank Project Shows CBDC Payments Can Be Private
The project is a first step in exploring privacy, security and scalability for central bank digital currency design, a report on the BIS initiative said.
Hong Kong Chief Says Regulators May Get Powers to Crack Down on Unlicensed Crypto Exchanges: Report
The Securities and Futures Commission said it does not have the power to close unlicensed crypto exchanges.
TRM Labs Partners With Aussie Crypto Exchange Swyftx to Combat Scams
Blockchain analytics firm TRM Labs has partnered with Australian cryptocurrency exchange Swyftx in an effort to combat scams in the nation.
Singapore Central Bank Rules to Discourage Crypto Speculation, Ease Investment Qualifications
The Monetary Authority of Singapore (MAS) has released the final tranche of its responses to feedback on a consultation paper of proposed regulations for crypto service providers.
CBDCs Like a Digital Dollar Face Doubts Without Privacy Protections, Key Organization Finds
A study found that privacy increases participants’ willingness to use a CBDC by up to 60% when purchasing privacy-sensitive products.
Global Standards Setter for Securities Regulation Publishes Crypto Markets Policy Recommendations
IOSCO denied crypto industry requests for a bespoke regime for stablecoins while requiring closer cooperation between regulators in promotional materi
UK’s Proposed Crypto Rules Could Drive Away Foreign Firms, Lawyers Say
The government has said it won’t extend certain regulatory exemptions reserved for foreign TradFi firms to crypto.