CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Bank of Canada Discusses Potential Challenges of CBDC Adoption

By Editors | 14/08/2023

Consumers with unmet payment needs could only benefit from a CBDC if it is adopted widely by other consumers and merchants.

Crypto / Digital Assets

US Judge Revokes Bankman-Fried Bail for Witness Tampering

By Editors | 13/08/2023

Sam Bankman-Fried gave documents to journalists and tried to interfere with witnesses. He was taken to jail on Friday.

AML / KYC

RUSI Publishes Virtual Assets Risk Assessment Guide

By Editors | 12/08/2023

The guide offers a ‘virtual assets risk assessment framework’, as well as risk mitigation strategies and best practices.

Crypto / Digital Assets

US SEC to Settle Case Against Crypto Firm Bittrex for $24m

By Editors | 11/08/2023

Bittrex and its co-founder and former CEO agreed to settle the SEC case for $24mn. The firm previously said it was exiting the US market due to a lack of regulatory clarity.

AML / KYC

US Senators Reintroduce Digital Asset Anti-Money Laundering Act

By Editors | 10/08/2023

The bill, if enacted, would require firms to start reporting crypto transactions exceeding $10,000 after 18 months.

Crypto / Digital Assets

Fed Unveils New Supervision Programme for Banks Engaging With Crypto

By Manesh Samtani | 10/08/2023

The Fed requires banks to obtain a written notification of supervisory nonobjection before engaging in activities involving stablecoins.

Enforcement

Indian Police Busts Crypto-Ponzi Scheme Worth Over $120m

By Mark Johnston | 09/08/2023

The scheme targeted individuals across various regions of India, encouraging them to invest in a fraudulent crypto token known as STA.

Fintech / Regtech

UK Commits to Taking Forward Payments System Reforms

By Editors | 09/08/2023

The reforms will include a regulatory regime for future systemically important stablecoins used as a means of payment.

Crypto / Digital Assets

Crypto CEO Charged in South Korea for Fraud, Embezzlement

By Editors | 09/08/2023

Bitsonic CEO Jinwook Shin manipulated computer records to inflate prices and trading volumes, and defraud investors.