CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

US Authorities Propose New Tax Reporting Rules for Crypto

By Manesh Samtani | 27/08/2023

Crypto firms, NFT platforms, and wallet providers would have to report sales and exchanges of digital assets to the IRS.

AML / KYC

HKMA to Explore Regulatory Changes to Promote Bond Tokenisation

By Sanday Chongo Kabange | 26/08/2023

The report suggests new requirements could be introduced for DLT platforms, covering areas from KYC and AML compliance to BCPs and cyber risk assessments.

Crypto / Digital Assets

US Court Jails Former OpenSea Exec for NFT Insider Trading

By Mark Johnston | 24/08/2023

Nate Chastain will spend three months in prison, followed by three months of home confinement, and three years of supervised release.

Crypto / Digital Assets

RBA Completes CBDC Research Project, Issues Findings

By Sanday Chongo Kabange | 24/08/2023

The project highlighted areas where a CBDC could enhance the payments system, but also raised a number of legal and regulatory issues.

AML / KYC

US Sanctions Tornado Cash Co-founder, Arrests Another

By Manesh Samtani | 24/08/2023

Russian national Roman Semenov was added to OFAC’s sanctions list. Another co-founder, Roman Storm, was arrested on Wednesday.

Crypto / Digital Assets

Thailand Threatens to Ban Facebook Over Fraudulent Crypto Ads

By Mark Johnston | 24/08/2023

Thailand has threatened to ban Facebook if it does not stop allowing fraudulent crypto ads on its platform.

Crypto / Digital Assets

North Korea Stole $200m in Crypto in 2023: TRM Labs

By Mark Johnston | 23/08/2023

TRM Labs describes how North Korea has evolved its on-chain laundering methodologies to evade sanctions, law enforcement scrutiny, and tracing capabilities.

Crypto / Digital Assets

Chinese Official Jailed for Life Over Crypto-related Bribery Scheme

By Editors | 23/08/2023

The former official was convicted for abusing his power and hiding crypto mining that used a tenth of his province’s electricity.

Crypto / Digital Assets

BIS Paper Warns of Heightened Risks from Crypto in EMEs

By Manesh Samtani | 23/08/2023

Certain “risk catalysts” in emerging markets can strengthen the transmission channels through which risks from crypto markets can affect financial stability.