Perhaps the biggest issue facing corporations and government today is verification of ESG initiatives. While reporting on the governance and social elements of ESG can usually be satisfied by company and external reporting, measuring environmental impact is far more challenging. It’s made even harder when there are reporting requirements under...
In brief The Australian Prudential Regulation Authority (APRA) has set out its initial risk management expectations for regulated entities that engage in activities associated with crypto-assets, and a policy roadmap for the period ahead in a letter to industry. We explore the APRA proposals in more detail below. Contents APRA expectations...
More than 800,000 Australians have transacted in digital assets over the past three years. However, due to regulatory uncertainty, growth in retail investment in digital assets has led to concerns that retail consumers are without adequate consumer protections. Digital assets as a technology have immense potential (beyond highly volatile alternative...
The Australia spot bitcoin and ether ETFs launched by ETF Securities and 21Shares marked trading volumes of $656,000 and $415,000, respectively, on their first day Industry watchers say big investors on the hunt for crypto ETF exposure already bought similar products in Europe or Canada The first spot bitcoin and...
Officials from the U.S., U.K., Canada, Australia, and the Netherlands have shared data and identified more than 50 crypto-related criminal leads, including one case that could be a $1 billion Ponzi scheme. Officials Share Data on Global Crypto Crime The heads of tax enforcement from the Joint Chiefs of Global...
No monkey business: Bored Ape Yacht Club hacked The United States Security and Exchange Commission has announced that it will be doubling the size of its unit responsible for “safeguarding” investors in cryptocurrency markets and against cyber threats, the Crypto Assets and Cyber Unit. The increase in personnel is a...
The Sydney man originally launched a business involving superheroes but it was the rise of cryptocurrency that made him rich. An Aussie who spent years sleeping on a mattress on the floor and sent out a whopping 2300 cold emails seeking funding for his start-up has made an “astronomical” $267...
SYDNEY, Dec 8 (Reuters) – Australia will create a licencing framework for cryptocurrency exchanges and consider launching a retail central bank digital currency as part of the biggest overhaul of its A$650 billion-a-day ($463 billion) payments industry in a quarter of a century. The country will also broaden its payment...
In this issue: • Crypto Pilots Launch in Social Media, 401(k) Plans and Municipal Bitcoin Mining • NBER Publishes Paper Analyzing Bitcoin Usage in El Salvador • Brands Enter NFT Market Across Industries, New NFT Platforms Launch • Crypto Firm Enters AML Consent Order; Stablecoins and Wallets in Focus •...
In its 21 April letter to all APRA-regulated entities, APRA has set out its risk management expectations and policy roadmap for entities engaging in activities associated with crypto-assets. This includes its intention to develop a new and dedicated framework for the prudential regulation of crypto-assets. This letter sets out the...
