EBA Proposes Liquidity Guidelines for Stablecoin Issuers
The European Banking Authority (EBA), the banking authority of the European Union, has proposed a new set of guidelines that will establish minimum capital and liquidity requirements for stablecoin issuers. To prevent bank runs and contagion during a crisis, the brand-new liquidity guidelines guarantee that the stablecoin can be redeemed rapidly, even during volatile market […]
CFTC Reveals Digital Asset Enforcement Result for 2023
The United States Commodity Futures Trading Commission (CFTC) has unveiled the enforcement results for fiscal year (FY) 2023, in which about 50% of the cases brought to its attention in 2023 involved crypto. The report underscores a significant increase in digital asset cases, measures taken to enforce regulatory responsibilities on registrants, instances of manipulation and […]
SEBA Bank Receives Hong Kong SFC License
Following an in-principle approval to offer virtual asset trading services in August 2023, Swiss crypto bank SEBA has obtained a license to operate from the Hong Kong Securities and Futures Commission (SFC). SEBA Bank, headquartered in Switzerland, has recently obtained a license from the Hong Kong SFC as the most recent crypto-focused institution to do […]
HSBC Partners with Metaco to Launch Security Token Custody
HSBC has partnered with Metaco, a technology firm owned by Ripple, to allow institutional investors to hold security tokens on its new custody platform. The bank anticipates introducing the new digital asset custody service in 2024, in addition to its HSBC Orion digital asset issuance platform and HSBC offering for tokenized physical gold, which debuted […]
BNB Smart Chain Scam Reportedly Reduces by 75% in Q3
Security firm HashDit and AvengerDAO says lower amount have been lost to scams on BNB Smart Chain (BSC) in the third quarter of 2023, corresponding to a reduction of 75% in the sum at risk of fraud. Based on data provided by security firm HashDit and AvengerDAO, the amount of funds used to facilitate scams […]