The framework, which was approved in August, ensures “the collection and automatic exchange of information on transactions for relevant crypto,” the report said. The definition of crypto assets “includes assets that can be held and transferred in a decentralised manner, without the intervention of traditional financial intermediaries, including stablecoins, derivatives issued in the form of a crypto-asset and certain non-fungible tokens,” the report said.
Related posts
-
Standard Chartered’s Crypto Custody Unit Seeks $50 Million
Standard Chartered’s Zodia Custody is raising $50 million to... -
New Global Dollar Stablecoin Backed by Robinhood, Kraken, Paxos and Other Crypto Heavies
The Global Dollar Network, whose participants will earn yield for helping foster adoption of USDG, also... -
Crypto Voters Are the Key to Victory in 2024
Stand With Crypto, our advocacy group, held a successful tour through five swing states — AZ,...