Crypto / Digital Assets

Crypto / Digital Assets

Hong Kong Planning Regulatory Framework for OTC Crypto Venues

By Manesh Samtani | 03/02/2024

Some OTC venues including physical shops played a role in fraud cases last year, said top Hong Kong official Christopher Hui.

AML / KYC

US DOJ Unseals More Charges in BTC-e Case

By Editors | 03/02/2024

Aliaksandr Klimenka faces 25 years in prison for operating unlicensed money services business and laundering criminal proceeds.

AML / KYC

Binance Faces Lawsuit from Hamas Victims for Facilitating Terrorism

By Editors | 02/02/2024

The lawsuit, which alleges that Binance enabled Hamas to finance the 7 October attacks, also names Iran and Syria as defendants.

Crypto / Digital Assets

Singapore Authorities Warn Against ‘Crypto Drainer’ Malware Threat

By Ranamita Chakraborty | 02/02/2024

The SPF and CSA recommend using hardware crypto wallets and verifying the legitimacy of smart contracts before interacting with them.

AML / KYC

China to Amend AML Law to Address Virtual Asset Risks

By Manesh Samtani | 01/02/2024

Draft amendments bring virtual assets into scope. FIs would also be required to assess money laundering risks before adopting new technologies and launching new products.

AML / KYC

UK Trial Commences in £5bn Bitcoin Money Laundering Case

By Editors | 01/02/2024

Woman is charged for laundering GBP 5 billion stolen from more than 128,000 investors in China on behalf of her former employer.

AML / KYC

US Court Sentences Lawyer for “OneCoin” Fraud to 20 Years

By Editors | 01/02/2024

Mark Scott, formerly an equity partner at international law firm Locke Lord LLP, laundered $400mn of proceeds from the OneCoin fraud scheme.

Crypto / Digital Assets

New Digital Assets Association Launches in Singapore

By Ranamita Chakraborty | 01/02/2024

The association will engage with regulators on behalf of the digital assets community through a regulatory sub-committee.

Crypto / Digital Assets

Crypto Lender Celsius Network Emerges from Bankruptcy

By Editors | 31/01/2024

Celsius, which filed for bankruptcy in July 2022, has commenced distributions of over $3bn of crypto and fiat to creditors.