Crypto / Digital Assets

AML / KYC

US Jury Convicts FTX’s Sam Bankman-Fried on Fraud Charges

By Editors | 03/11/2023

Bankman-Fried faces up to 110 years in prison when he is sentenced in March. He also faces another trial for alleged foreign bribery and bank fraud conspiracies.

Crypto / Digital Assets

HSBC Tokenises Ownership of Physical Gold

By Editors | 03/11/2023

HSBC has developed the capability to create a ‘digital twin’ of physical gold that is custodied in its London vault.

Crypto / Digital Assets

HKMA Collaborating with BOT, PBOC on Payments Initiatives

By Georgina Lee | 02/11/2023

Hong Kong will link FPS with PromptPay and connect the city’s payment infrastructure to e-CNY, officials said a Hong Kong Fintech Week.

Enforcement

Taiwan Arrests Suspects in Record Crypto Laundering Case

By Mark Johnston | 02/11/2023

A fake securities trading app was used to launder over USD 320 million via crypto in the largest case of its kind in Taiwan.

Enforcement

China Jails 21 for Laundering USDT from Online Fraud, Gambling

By Mark Johnston | 02/11/2023

A group of 21 people in China laundered criminal proceeds from online fraud and gambling activities using USDT.

Crypto / Digital Assets

Hong Kong Announces New Fintech Development Initiatives

By Editors | 02/11/2023

The initiatives include a new platform to facilitate retail fund distribution and enhancements to the regulatory framework for virtual assets.

Crypto / Digital Assets

Malaysian Court Orders Crypto Firm Luno to Compensate Customer

By Editors | 01/11/2023

Luno said the withdrawal of funds from the customer’s account was properly authorised. The customer claimed it was not.

Crypto / Digital Assets

BIS Innovation Hub Releases Update Report for Project mBridge

By Manesh Samtani | 01/11/2023

The update reveals a list of 25 observing members, and that the mBridge platform offers APIs based on ISO 20022 and uses LEIs for participant identification.

Crypto / Digital Assets

Thailand’s Kasikorn Bank Acquires Digital Asset Exchange

By Editors | 01/11/2023

Kasikornbank has also established a digital asset custodian, a digital asset fund management company, and a blockchain infrastructure development company.