Crypto / Digital Assets

AML / KYC

Russian Actors ‘Ubiquitous’ in Global Crypto Crime: TRM Labs

By Editors | 27/07/2024

Sanctioned Russia-based crypto exchange Garantex accounted for 82% of crypto transactions associated with all sanctioned entities internationally in 2023.

Crypto / Digital Assets

UK FCA Fines Coinbase Unit for ‘Repeated’ Regulatory Breaches

By Editors | 26/07/2024

The Coinbase payments subsidiary provided payment services to more than 13,000 “high-risk” customers, despite being subject to restrictions imposed by the FCA.

Crypto / Digital Assets

Philippines: BSP to Conclude CBDC PoC by Year-end

By Nithya Subramanian | 26/07/2024

Testing of the DLT and wCBDC tokenisation is complete. Two test runs of sandbox experiments are now being conducted.

AML / KYC

US, UK, South Korea Warn of DPRK Espionage Campaign

By Editors | 26/07/2024

Joint advisory says North Korean hacker group ‘Andariel’ is a threat to entities in the US, UK, South Korea, Japan and India.

Crypto / Digital Assets

HSBC Australia Blocks Payments to Crypto Exchanges

By Editors | 26/07/2024

The decision was made in light of data showing that Australians lost up to A$171mn in investment scams in 2023.

Crypto / Digital Assets

Korea FSS Scrutinises Deposit Rates Paid by Crypto Exchanges

By Editors | 25/07/2024

The FSS determined that Bithumb’s proposal to pay 4 percent per annum on customer deposits was unreasonably high and did not comply with supervisory regulations.

Crypto / Digital Assets

MAS Grants In-Principle Approval to Digital Asset Custodian Hex Trust

By Ranamita Chakraborty | 25/07/2024

Hex Trust said the MPI license will allow it to offer regulated DPT services in Singapore, namely for custody and OTC trading of DPTs.

Crypto / Digital Assets

US Exchanges Commence Trading in First Spot Ether ETFs

By Editors | 24/07/2024

Nine ETFs saw $1.07bn worth of shares traded on the first day, resulting in net inflows of around $106.7mn.

Crypto / Digital Assets

BOK Amends Rules to Enable Data Collections from VASPs

By Manesh Samtani | 24/07/2024

VASPs will be required to submit business reports to BOK every quarter, as well as other information if requested by the central bank.