Crypto / Digital Assets

    image

    Sanctions

    Russia Closer to Allow Digital Assets in International Settlements

    By Editors | 28/02/2024

    Approval of draft legislation by Russian lawmakers comes amid threats that the US would sanction third-country FIs that facilitate trade with Russia.

    image

    Crypto / Digital Assets

    EU Adopts Four Delegated Regulations Under MiCA

    By Mark Johnston | 27/02/2024

    The regulations cover penalties, criteria for significant, EBA supervisory fees, and product intervention powers.

    image

    Crypto / Digital Assets

    HK-based Crypto Firm BitForex Disappears With User Funds

    By Mark Johnston | 27/02/2024

    $56mn in crypto was removed from the exchange before it stopped processing transactions and responding to user queries.

    image

    Crypto / Digital Assets

    Crypto Firm Kraken Files Motion to Dismiss SEC Lawsuit

    By Mark Johnston | 27/02/2024

    Kraken argues that the SEC has no authority over its operations as the cryptocurrencies it offers are not securities or investment contracts.

    image

    Big Picture

    Fed Paper Explores How Stablecoins Differ in Crisis

    By Ranamita Chakraborty | 27/02/2024

    The paper discusses four stablecoins – USDC, USDT, BUSD, DAI – using the events of March 2023 when SVB collapsed as a case study.

    image

    Crypto / Digital Assets

    Swiss Crypto Hedge Fund Faces Legal Dispute Over FTX Exposure

    By Mark Johnston | 27/02/2024

    TGT accuses Tyr Capital of criminal mismanagement and ignoring internal risk limits in its exposure to FTX.

    image

    Big Picture

    FSB Warns of ‘Challenging Outlook’ for Global Financial Stability

    By Manesh Samtani | 27/02/2024

    The FSB is analysing the financial stability implications of tokenisation and AI, and taking stock of regulatory initiatives on nature-related financial risks.

    image

    Crypto / Digital Assets

    DOJ Proposes Stricter Bond Conditions for Binance Founder

    By Mark Johnston | 27/02/2024

    Judge approves Binance’s settlement. Prosecutors propose stricter bond conditions for founder Changpeng Zhao until sentencing.

    image

    Crypto / Digital Assets

    S. Korea Has a New System for Tracking Crypto Tax Evaders

    By Mark Johnston | 25/02/2024

    Gyeonggi Province has been using a new digital tracking system that reduces investigation times from 6 months to just 15 days.

    image

    Crypto / Digital Assets

    HK Crime Cases Involving Crypto Have Tripled Since 2021

    By Mark Johnston | 25/02/2024

    The SFC and police recorded 3,415 cases of virtual asset crimes in 2023, involving around HKD 4.4 billion (USD 562 million).

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team