CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

US Authorities Secure Guilty Plea from Crypto Founder

By Editors | 07/12/2023

Anatoly Legkodymov pleaded guilty to operating Hong Kong-registered Bitzlato as a money transmitting business that allowed criminals to launder illicit proceeds.

Uncategorised

HK SFC Adds Two New Suspicious VATPs on Alert List

By Sanday Chongo Kabange | 07/12/2023

The SFC has warned the public to be wary of two suspicious VATPs – HongKongDAO and BitCuped – and asked the police to block them.

Crypto / Digital Assets

Korea & Italy to Cooperate on RTGS Systems & CBDC

By Editors | 07/12/2023

Bank of Korea and Bank of Italy will share skills and knowledge and cooperate on technologies that support RTGS systems and CBDC.

Crypto / Digital Assets

SocGen Becomes First Major Bank to List Stablecoin

By Editors | 07/12/2023

The euro-pegged stablecoin was listed on crypto exchange Bitstamp, which has licences in Luxembourg and France.

AML / KYC

KoFIU, DAXA Target Unlicensed Crypto Firms With New Initiative

By Editors | 06/12/2023

The public can report unlicensed crypto exchanges to DAXA, which will review the reports and then pass them to KoFIU for further action.

Crypto / Digital Assets

Cristiano Ronaldo Facing Class Action Over Binance Endorsement

By Editors | 04/12/2023

The $1bn lawsuit claims the endorsement led the plaintiffs to make loss-making investments, including in “CR7” branded NFTs.

Crypto / Digital Assets

IOSCO Chair Calls for Coordinated Response to Crypto Challenges

By Ranamita Chakraborty | 04/12/2023

Jean-Paul Servais and Tuang Lee Lim from IOSCO highlight the need for standardised guidelines for crypto, digital assets and sustainability.

Crypto / Digital Assets

Third Phase of CBDC Project “Helvetia” Gets Underway

By Manesh Samtani | 01/12/2023

The pilot programme allows participating banks to settle digital bonds and repo transactions against wholesale CBDC on a DvP basis.

Crypto / Digital Assets

Cyber Security is a Key Risk for CBDCs: BIS Paper

By Manesh Samtani | 01/12/2023

The report points to potential gaps in central banks’ internal capabilities and skills as a “key risk”.