Topic: Blockchain

New Year’s resolution: South Korea plans digital securities framework

As South Korea celebrates the lunar new year, its securities regulator is preparing new regulations for tokenised securities issuance, as part of a capital markets regulatory overhaul planned for early February.

24 January 2023

“It’s really no different than with a bank”: New FTX CEO calls for increased transparency in crypto space

The new CEO of stricken crypto exchange FTX has described an “utter lack of record keeping and no internal controls whatsoever” at the company ahead of its bankruptcy, saying regulatory attention on the sector in future would have to focus on transparency and the separation of customer funds.

19 December 2022

Here’s what practitioners think of the White House’s new crypto framework

The White House has released what it calls the “first-ever comprehensive framework” for digital assets in the United States, but practitioners speaking to GBRR question its claim to that title, calling it late, frustrating, and a patchwork of already-existing practices.

22 September 2022

Abu Dhabi unveils crypto principles

The Abu Dhabi Global Market, Abu Dhabi's financial centre, has announced new principles guiding its approach to virtual asset supervision as it vies with Dubai for the role of the region’s crypto hub.

15 September 2022

White House mulling climate standards for energy-intensive crypto

US president Joe Biden’s administration has urged a closer look at the climate impact of crypto, as Ethereum prepares for a major change to its processes designed to slash its carbon footprint.

12 September 2022

UK Treasury sweeps crypto into sanctions scheme

Crypto exchanges in the UK must now comply with the same strict Russian sanctions requirements as their counterparts in banks, according to updated guidance issued by the UK government.

07 September 2022

Singaporean regulator admits “mixed signals” on crypto, warning it may restrict crypto access

Singapore’s financial watchdog has indicated it may make it more difficult for retail investors to access cryptocurrencies, in a shift from its previous welcoming position on digital assets.

31 August 2022

Big Tech marketers could be liable under unfair banking rules, CFPB warns

The United States’ consumer financial watchdog has warned digital marketing companies that they could fall under federal banking law provisions against unfair marketing practices, in a rule practitioners say will have “far-reaching” implications.

15 August 2022

Treat systemically important stablecoins as FMIs, say CPMI and IOSCO

Systemically important stablecoins must observe “all relevant principles” of a universal set of rules that apply to financial market infrastructures, according to a joint report from two global standard-setters, as international regulators respond to the ongoing instability in the crypto market.

13 July 2022

Protect investors to stave off crypto runs, Brainard says

At a Bank of England event, the US Federal Reserve’s vice-chair Lael Brainard has outlined a case for crypto-asset and stablecoin regulation and called for banks to second-guess their crypto involvement.

11 July 2022

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