Crypto Assets
Basel Committee clarifies ‘expectations’ on crypto
Banks must meet certain minimum standards if they want to trade crypto assets
Bank of Spain paper rejects bitcoin as alternative to large-scale payment system
Objectives of crypto asset make it unsatisfactory as a payment network – research
US sanctions on Venezuela could be death knell for petro
Crypto asset is backed by oil reserves the country can barely commercialise
Book notes: Democratizing Money?, by Beat Weber
This is a timely book about ‘how money really works’
Dutch central bank and regulator call for AML law for crypto assets
But regulations should change to make crypto asset financing easier for small firms – DNB
Crypto assets hobbled by proof of work, finds BIS economist
Raphael Auer says bitcoin payments could take “nearly a year” to become truly final
Malta’s crypto asset plan means greater money laundering risks, IMF warns
Authorities must rapidly improve AML regime and guarantee FSA’s independence, mission says
AML/CFT regulation to cover crypto assets – Sarb
New proposals will construct a “limited” regulatory framework for crypto assets
EC should conduct ‘comprehensive’ crypto analysis, says EBA
Regulator says crypto assets fall outside the scope of current EU financial services regulation
Bahamas central bank draws up crypto asset regulations
Strict new guidelines will be applied to banks for customers wishing to trade and hold new instrument
Regulation could stabilise crypto asset market, experts argue
Uncertainty remains over what regulatory approach to take, but collaboration appears key
FSB views crypto assets as minor threat to stability
Report highlights possible risks posed by rapidly changing sector
Crypto bank targets 2019 launch
Seba Crypto sets its sights on banking licence
New crypto asset database needed to better understand risks - Canada’s Lane
Crypto assets should be classified by attributes and functions, Canadian deputy says
Crypto asset trading requires new licence, says Bank of Mexico
Mexican regulator clamps down on crypto asset activities with new legislation
Central bankers admit they are not yet prepared for crypto assets
Uncertainty around the assets’ use and regulation calls for further research, debate finds
Focus shifts to plumbing as crypto markets mature
Panellists at the 14th annual FX Week Asia conference say the institutionalisation of crypto markets is gaining momentum
Survey indicates bitcoin’s purpose changed over the last year
Main reason cited for owning bitcoin shifted from transactions to investment between 2016 and 2017
FSB launches crypto asset monitoring framework
Metrics will focus on the financial stability risk of crypto market
Bank of Finland paper calls digital currency a ‘fallacy’
Crypto assets highlight how poorly understood money is today – BoF official
Crypto assets could threaten market integrity – PRA’s Woods
PRA chief executive issues guidance on risks related to crypto assets
Blockchain panel says 'crypto bubble' is not cause for concern
Assets are not used widely enough to cause severe shock to financial markets
Panellists disagree on regulatory approach to blockchain
Should regulators be allowed on the blockchain, or should the technology govern itself, panel asks
Caribbean central banks look for common approach to fintech
Working group set up to look at crypto assets in the region