Crypto / Digital Assets

US SEC Responds to Coinbase Request for Regulatory Clarity

16/05/2023

The SEC said it has no obligation to issue the “broad new regulations” for digital assets that Coinbase has requested.

Crypto / Digital Assets

BOK, Samsung to Collaborate on Offline CBDC Payments

16/05/2023

The agreement will involve further research on a BOK-issued CBDC and collaboration in the offline payments sector.

Crypto / Digital Assets

Korean Prosecutors Seize Records from Upbit, Bithumb

16/05/2023

The move is part of a probe into a Korean lawmaker who was found to own crypto in amounts that are “inconsistent with his frugal image”.

Crypto / Digital Assets

Tether’s Excess Stablecoin Reserves Reach All-time High

15/05/2023

Tether has $81.8bn in consolidated total assets, exceeding its $79.4bn in liabilities. Excess reserves held in gold and bitcoin were published for the first time.

Capital / Liquidity

G7 Leaders Pledge to Maintain Resilience of Global Financial System

15/05/2023

The G7 communique vows stepped-up sanctions enforcement, and readiness to act on financial stability, climate change, and crypto-asset activities.

Enforcement

Thai Couple Sentenced to 12,000+ Year Jail Term Over Ponzi Scheme

15/05/2023

Husband and wife are expected to be in prison for 20 years each, because of a law that limits total jail time.

Sanctions

OFAC Makes Structural Changes to Minimise Collateral Damage of Sanctions

15/05/2023

OFAC hired a chief sanctions economist to lead a new division that will assess the potential collateral economic effects of proposed sanctions.

Crypto / Digital Assets

AIMA Publishes New Guide on Digital Asset Trading

15/05/2023

The guide provides an overview of the digital asset trading ecosystem and highlights key risk management considerations for institutional investors.

Enforcement

Australia, New Zealand to Jointly Investigate Data Breach

15/05/2023

The probe into Latitude’s data breach is the first joint privacy investigation by Australia and New Zealand authorities.