Crypto Assets
Fed rate hikes propel ‘crypto cycle’ – IMF paper
Monetary policy more correlated with institutional investment in tech than finance
Panama supreme court rejects crypto law
Judges agree draft law has unconstitutional provisions and was improperly passed
FSB unveils crypto regulation framework
Recommendations were toughened to reflect failure of FTX and terraUSD/luna stablecoin
SEC charges Binance and Coinbase
World’s largest crypto exchanges accused of illegal operations at expense of investors
Hong Kong legalises retail crypto trading
Licensed exchanges will be able to trade major virtual tokens to retail investors
Iosco sets out global crypto regulation
International group of regulators targets conflicts of interest in the industry
European Council adopts Mica regulation
Crypto legal framework covers issuers and service providers but not defi
UK regulator and police raid crypto ATM sites
There are no legally registered crypto ATMs in the UK
Decentralised finance is here to stay
Whatever happens to cryptocurrencies, tokenisation is the future
US Treasury releases defi risk assessment
Lax adherence to AML/CFT requirements allows criminals to launder money
CBSL requests criminal proceedings against crypto schemes
Legal action could allow investors to recoup losses
Fed details Custodia rejection decision
Decision says Wyoming firm has deficient management and risky business model
US lender tied to FTX goes into liquidation
Federal government investigating California bank linked to failed crypto exchange
IMF officials: do not make crypto legal tender
Fund leaders call for cautious approach to digital assets at February meeting
Fed spurns Custodia a second time
Central bank again denies membership application from Wyoming crypto firm
FSB outlines crypto and defi risks to financial stability
Future work will map “oracles”, “bridges” and other links with traditional finance
Bitcoin price does not respond to market signals – paper
Researchers find cryptocurrency value “orthogonal” to most economic indicators
Crypto ‘mixer’ regulation could be simple – Fed research
Counterparties could be obliged to follow similar rules as for cash
BIS developing ‘Pyxtrial’ for systemic stablecoin monitoring
London Innovation Hub centre will investigate balance sheets and asset-liability mismatches
Panama president sends crypto law to supreme court
Measure to create legal framework for crypto has twice passed legislature
Fed deals double blow to crypto bank
Wyoming-based Custodia turned down for Fed membership and master account
DNB fines Coinbase for ‘severe’ non-compliance
Crypto exchange fined €3.3 million for operating without registration
EU approves ‘prohibitive’ capital rules for banks’ crypto holdings
Draft law implements final parts of Basel III, planned for January 2025
Central Bank of Bahrain governor celebrates Binance launch
Expansion into gulf state comes as other crypto exchanges cut their workforces