Crypto / Digital Assets

Crypto / Digital Assets

US Court Approves $12.7B Settlement Between CFTC, FTX

By Editors | 09/08/2024

The CFTC’s Ian McGinley said the settlement represents the largest recovery for investors in the regulator’s history.

Crypto / Digital Assets

Singapore Court Sentences Crypto CTO for Investment Scam

By Ranamita Chakraborty | 09/08/2024

Wang Xinghong developed a crypto mining app that allowed A&A Blockchain to input fake numbers to misrepresent investor returns.

Crypto / Digital Assets

UK FCA Issues Further Guidance on Crypto Advertising

By Ranamita Chakraborty | 09/08/2024

An FCA review found both positive examples of good practice and instances where firms failed to meet regulatory standards around financial promotions.

Crypto / Digital Assets

India Has “No Proposal” to Regulate Crypto Beyond Tax, AML

By Ajoy K Das | 09/08/2024

MOF official told Parliament the government will coordinate with global standard-setting bodies before considering any measures domestically.

Crypto / Digital Assets

Australian Police Obtain New Intelligence on Crypto Scams

By Sanday Chongo Kabange | 08/08/2024

The AFP identified over 2,000 compromised crypto wallets belonging to Australians by participating in a global anti-scam initiative launched by Chainalysis.

AML / KYC

US, Germany Take Down Illicit Crypto Platform Cryptonator

By Editors | 08/08/2024

Cryptonator facilitated transactions worth USD 1.4 billion, including those linked to sanctioned entities and criminal marketplaces.

Crypto / Digital Assets

US Court Orders Ripple to Pay $125m for Securities Law Violations

By Manesh Samtani | 08/08/2024

The order ends years-long litigation brought by the US SEC in December 2020. CEO Brad Garlinghouse said the ruling is a “victory”.

Crypto / Digital Assets

Mox Becomes First HK Virtual Bank to Offer Crypto ETFs

By Sanday Chongo Kabange | 08/08/2024

Mox customers can invest in bitcoin and ether ETFs listed in Hong Kong and the US via the bank’s mobile app.

AML / KYC

Revised Anti-Money Laundering Law Takes Effect in Taiwan

By Manesh Samtani | 08/08/2024

The amendments introduce criminal penalties for overseas crypto firms that offer services in Taiwan without establishing a local unit and complete an AML registration process.