Headlines

Adam Forsyth

MUFG tests blockchain settlement for JGB repo trades

Mitsubishi UFJ Financial Group said on Aug. 13 that four MUFG companies will work with Digital Asset and Progmat on a proof-of-concept for Japanese government bond repo settlement using Canton Network.  Summary MUFG will test onchain JGB repo settlement using Canton Network with Digital Asset and Progmat. The PoC will synchronize JGB book-entry records with…

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South Korea tightens crypto transfers to overseas exchanges

South Korea will tighten transfers between domestic crypto platforms and overseas exchanges or self-hosted wallets under anti-money laundering rules approved by the Cabinet on Aug. 11.  Summary South Korea approved new risk-based controls for transfers to overseas exchanges and self-hosted wallets Tuesday. Transfers worth 10 million won or more require exchanges to operate internal suspicious-transaction…

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what the SEC’s 400 page proposal actually says

The SEC votes August 14 on its first formal crypto rulemaking. The proposal creates three exemption pathways, a decentralization off ramp for tokens, and a framework that could make congressional legislation optional. Here is what each provision means in practice. Summary The SEC will hold an open meeting on August 14 to vote on publishing…

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