News linked to both this project and an event.
the Bank of England (BoE) has opened a consultation on central counterparties (CCPs) accepting digital representations of eligible collateral, and stated that current rules already permit the use of such assets when they meet clearing standards. The proposed supervisory statement will clarify what CCPs need to address when submitting applications under the existing approval process, without creating new regulatory obligations.The Bank of England stated that tokenized collateral must remain capable of valuation, transfer, and liquidation under stress scenarios, and that faster cross-jurisdictional asset transfers could help firms meet margin requirements. The consultation will close on February 12, 2027, and the central bank expects to publish its policy response and related rules later this quarter. (Cointelegraph)
According to AML Intelligence, the European Commission adopted a delegated act on September 9 to extend the Central Contact Point (CCP) framework to crypto-asset service providers (CASPs), empowering national regulators to require crypto exchanges to appoint local liaison officers. On the same day, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the transnational criminal organization Xinbi Guarantee. The Chinese-language platform has been accused of providing an illegal online marketplace for Chinese cybercriminals engaged in activities such as online fraud, scamming, and money laundering, while the Department of Justice simultaneously seized its related infrastructure and digital asset wallets. Additionally, Europol assisted Spanish police in an international law enforcement operation that resulted in the arrest of 21 individuals suspected of participating in drug trafficking and money laundering. International arrest warrants were issued for 19 suspects abroad, six of which have already been executed in the United Arab Emirates, Egypt, and the Netherlands.