IMF Publishes Working Paper to Address Crypto Assets Risks
The International Monetary Fund (IMF) published a working paper matrix that aims to identify potential risks associated with the crypto space and policy responses for regulators. The IMF released a working paper titled “Assessing Macrofinancial Risks from Crypto Assets” on September 29. Burcu Hacibedel and Hector Perez-Saiz proposed a crypto-risk assessment matrix (C-RAM) for countries […]
South Korea to Introduce Bill to Freeze North Korean Crypto Assets
According to reports, the South Korean government intends to introduce a measure to track and freeze North Korean virtual and crypto assets used to fund illicit weapons programs. According to a report by a local news outlet, Korea JoongAng Daily, multiple anonymous government sources confirmed on August 3 that the bill is in the works. […]
MiCA Features on EU Official Journal
Markets in Crypto-Assets (MiCA) legislation, the regulatory framework for crypto assets among EU member states, was published in the Official Journal of the European Union (OJEU) on June 9. Marking its countdown to implementation on December 30, 2024. The regulations, signed into law on May 31 after their initial introduction in 2020, seek to establish […]
EU adopts stricter rules on anonymous crypto transfers
In an effort to prevent money laundering and terrorism financing, European Union (EU) lawmakers have endorsed a new legislative proposal that would limit anonymous crypto asset transfers to one thousand euros. According to a statement released by the European Parliament on March 28, the limit would apply to the transfer of crypto assets when a […]
US Fed, Regulators warns about liquidity risks of crypto assets
The Federal Reserve and other banking authorities in the US require financial institutions to continuously monitor liquidity issues of crypto assets and build effective risk management systems. The United States Federal Reserve and other banking regulators issued a warning to financial institutions regarding the liquidity concerns connected with entities related to crypto assets. According to […]