US regulators issue warning to banks on crypto exposure risks
Three US regulators have called on banks to be on their guard against crypto exposure risks in the wake of the FTX collapse.
What are the benefits of blockchain in financial services?
With the rise of new digital technologies that are disrupting the financial market, what benefits does blockchain offer?
CBDC whitepaper unveiled by Indonesian central bank
Bank Indonesia, Indonesia’s central bank, has released a whitepaper that underlines plans for its central bank digital currency (CBDC).
BIS Innovation Hub unveils new CBDC prototype
The Bank of International Settlements (BIS) Innovation Hub’s Swiss Centre has launched a new project as a prototype CBDC.
MEPs approve new stricter cybersecurity rules
New rules requiring EU countries to meet stricter supervisory and enforcement measures as well as harmonising sanctions have been approved by MEPs.
Research paper outlines legal authority for bank use of stablecoins
The Clearing House has released a research paper that analyses the legal authority and policy considerations for banks’ engagement in stablecoin-related activities.
MAS unveils collaboration on CBDC project
The Monetary Authority of Singapore (MAS) has launched Ubin+, an expanded collaboration on a cross-border foreign exchange using wholesale CBDC.
Study finds $4bn illicitly laundered through DeFi exchanges
Cryptoasset risk management firm Elliptic has found that criminals have used DeFi exchanges amongst other things to launder more than $4bn in crypto.
Multiple central banks team with BIS on CBDC exploration
Central banks in Israel, Norway and Sweden will team with the Bank of International Settlements to explore how CBDCs can be exploited for international retail and remittance payments.
IMF calls for regulation of the cryptoasset ecosystem
The International Monetary Fund (IMF) has called for the greater regulation of the cryptoasset market.
