Crypto / Digital Assets

Big Picture

INTERPOL Unveils Results of Global Fraud Risk Assessment

By Editors | 12/03/2024

The assessment specifically identifies Asia as being the “focal point” of pig butchering fraud schemes, especially in poorer countries across the region.

Crypto / Digital Assets

Bankrupt BlockFi to Achieve Full Recovery for Customers

By Editors | 11/03/2024

BlockFi reached an agreement allowing it to recover $874.5mn from the estates of FTX and Alameda Research, subject to approval by a US bankruptcy judge.

Crypto / Digital Assets

Indonesia OJK to Provide Boost to Financial Sector Innovation

By Editors | 11/03/2024

The new regulation refines the regulatory sandbox mechanism to add eligibility criteria and to allow testing in crypto asset products.

Enforcement

Montenegro Approves Extradition of Do Kwon to South Korea

By Mark Johnston | 11/03/2024

Do Kwon now faces extradition to South Korea rather than the US after 23 March following a new court ruling.

Securities / Derivatives

CFTC Publishes First-Ever US Taxonomy for Digital Assets

By Editors | 11/03/2024

The digital asset taxonomy is one of three recommendations advanced by the CFTC’s Global Markets Advisory Committee.

Capital / Liquidity

Thai SEC Proposes Higher Capital Requirements for Crypto Firms

By Editors | 10/03/2024

Crypto exchanges would have to meet a minimum capital requirement of THB 100 million if they hold customer assets, up from THB 50 million currently.

Crypto / Digital Assets

UK Consults on Implementation of Crypto-Asset Reporting Framework

By Editors | 10/03/2024

HM Treasury proposes to enact rules in 2026 to enable the first information exchanges under CARF to start in 2027.

Crypto / Digital Assets

HKMA Commences wCBDC Project to Drive Tokenisation

By Editors | 07/03/2024

Project Ensemble could help to forge new financial market infrastructure that can bridge tokenised assets and money in transactions, the HKMA said.

Crypto / Digital Assets

US SEC Secures $275,000 Settlement from Crypto Firm ShapeShift

By Editors | 07/03/2024

SEC Commissioners Hester Peirce and Mark Uyeda issued a joint statement expressing disagreement with the enforcement action.