Cryptocurrency
IMF launches CBDC handbook
More data and methodologies needed to understand impact of all new means of payments
Visa and Mastercard power Kazakhstan’s CBDC debit cards
Digital tenge also designed to ensure “targeted and efficient government spending”
No stablecoin has always been able to maintain parity – paper
Authors warn there is no guarantee that issuers can redeem stablecoins on demand
Regulators around the world join Singapore’s tokenisation project
Singapore, UK, Japan and Switzerland will collaborate on decentralised finance infrastructure
Sam Bankman-Fried takes the stand in wire fraud trial
FTX head says he doesn’t know how $9 billion in funds disappeared
Bénédicte Nolens on the latest mBridge developments
The head of the Bank for International Settlements’ Hong Kong Centre speaks about cross-border CBDC governance, ongoing FX challenges and evolving technology
BIS releases guide to tackle ‘complex’ offline CBDC design
Trade-offs include privacy and security to meet jurisdiction-specific objectives
Decentralised finance has outpaced regulation – ECB paper
Technology with ‘no legal personality’ poses financial stability risks
US Treasury division proposes crypto mixer regulation
Proposals target terrorism financing after Office of Foreign Assets Control sanctions Hamas
Stablecoins more vulnerable to runs, say Fed researchers
Authors point out similarities with MMFs and warn about financial instability risks
DeFi could improve payments and settlement – BoC research
Inefficient legacy systems hamper the smooth completion of these operations
Australia proposes crypto regulation reforms
Platform operators would need a licence and be subject to financial services laws
Fed watchdog says supervisors could have stopped Silvergate
Failed California bank should have required permission for switch into cryptocurrency
BIS project maps ‘vast and complex’ global crypto network
Project Atlas uses diverse data to allow central banks to track cross-border flows
Bank of Canada researchers claim breakthrough in credentialisation
System’s creators use a Merkle tree to create “secret-free and quantum-safe” method
Hong Kong regulator to publish more crypto information
Securities and Futures Commission reverses stance amid police investigation into crypto exchange
Hong Kong regulator moves against crypto exchange
SFC says JPEX is not regulated to trade in city as police arrest influencers linked to firm
Barr says Fed will not issue CBDC without legislation
Supervision chief warns of danger of unregulated issuance of stablecoins
Kazakhstan joins mBridge project
NBK joins cross-border CBDC project as an observer
Hungary’s gamified CBDC pilot designed for children
Student Safe project is the first live retail CBDC pilot in Europe
SEC targets NFTs in enforcement action
Two commissioners dissent from first SEC action against NFT issuer
BIS paper highlights costs and benefits of crypto regulation
Decision to regulate needs to be backed by data and clear frameworks, authors say
MAS finalises rules for stablecoins
Singaporean central bank to label qualified coins as “MAS-regulated stablecoins”
Custodia opens for business without Fed master account
Wyoming digital assets bank is continuing legal action against the US central bank