{"id":1184,"date":"2022-11-24T11:30:00","date_gmt":"2022-11-24T03:30:00","guid":{"rendered":"https:\/\/insights.digift.io\/?p=1184"},"modified":"2025-08-15T16:54:12","modified_gmt":"2025-08-15T08:54:12","slug":"bank-of-japan-to-trial-digital-yen-with-three-megabanks-crypto-financial-services-firm-eqonex-files-for-voluntary-debt-restructuring-in-singapore","status":"publish","type":"post","link":"https:\/\/insights.digift.io\/zh\/bank-of-japan-to-trial-digital-yen-with-three-megabanks-crypto-financial-services-firm-eqonex-files-for-voluntary-debt-restructuring-in-singapore\/","title":{"rendered":"Bank of Japan to trial digital yen with three megabanks, Crypto financial services firm Eqonex files for voluntary debt restructuring in Singapore"},"content":{"rendered":"\n

Weekly Update: 24 Nov 2022<\/strong><\/p>\n\n\n\n

1) Bank of Japan to trial digital yen with three megabanks [Reuters]<\/a><\/strong><\/p>\n\n\n\n

– The Nikkei reported that the BOJ will start pilot experiments for launching a digital yen with Japan’s three megabanks and regional banks next spring.<\/p>\n\n\n\n

2) Crypto financial services firm Eqonex (exempt PSA) files for voluntary debt restructuring in Singapore [Coindesk]<\/a><\/strong><\/p>\n\n\n\n

– Talks with existing lender Bifinity and other potential investors to raise capital has not been successful.<\/p>\n\n\n\n

3) $138B fund manager Man Group is reportedly preparing to launch a crypto-focused hedge fund [Blockworks]<\/a><\/strong><\/p>\n\n\n\n

– Man Group trading unit AHL could look to launch the fund by the end of the year.<\/p>\n\n\n\n

4) Digital-asset brokerage Genesis is struggling to raise fresh cash for its lending unit, and it\u2019s warning potential investors that it may need to file for bankruptcy if its efforts fail [Coindesk]<\/a><\/strong><\/p>\n\n\n\n

– Genesis sought funding from Binance and Apollo Global Management,  Binance declined to invest, citing potential conflicts of interest.<\/a><\/p>\n\n\n\n

5) FTX exploiter converts millions in Ether to Alameda-linked Ren Bitcoin tokens [Coindesk]<\/a><\/strong><\/p>\n\n\n\n

– Data cited by security firm PeckShield shows the exploiter used the Ren bridge to transfer out thousands of renBTC.<\/p>\n\n\n\n

6) FTX-owned Japanese exchange Liquid Global will halt all withdrawals including both fiat and cryptocurrencies. [Blockworks]<\/a><\/strong><\/p>\n\n\n\n

– Withdrawals were suspended so that the company could follow requirements of voluntary Chapter 11 proceedings. FTX loaned the exchange $120 million after its warm wallets were compromised last year.<\/p>\n\n\n\n

7) Multicoin lost more than half its crypto fund\u2019s capital this month [Blockworks]<\/a><\/strong><\/p>\n\n\n\n

– The figure excludes illiquid, side-pocketed, investments. The downturn reflects the 9.7% of fund assets, including derivatives, that were custodied by FTX.<\/p>\n\n\n\n

8) Tornado Cash developer Alexey Pertsev to remain in jail until February [Coindesk]<\/a><\/strong><\/p>\n\n\n\n

– He has been accused of facilitating money laundering by developing the now sanctioned app.<\/p>\n\n\n\n

9) UK Lawmakers vote to widen authorities\u2019 powers in seizing crypto-related property [Coindesk]<\/a><\/strong><\/p>\n\n\n\n

– The amendment builds upon a bill in Parliament that allows the government to seize cryptocurrencies tied to crime.<\/p>\n","protected":false},"excerpt":{"rendered":"

$138B fund manager Man Group is reportedly preparing to launch a crypto-focused hedge fund.<\/p>","protected":false},"author":256897718,"featured_media":955,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_angie_page":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"page_builder":"","_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[1,132582],"tags":[],"class_list":["post-1184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","category-market-decoded"],"acf":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2024\/10\/bg-weekly.jpg?fit=740%2C400&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pg7Ide-j6","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/1184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/users\/256897718"}],"replies":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/comments?post=1184"}],"version-history":[{"count":1,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/1184\/revisions"}],"predecessor-version":[{"id":1186,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/1184\/revisions\/1186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/media\/955"}],"wp:attachment":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/media?parent=1184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/categories?post=1184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/tags?post=1184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}