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Crypto / Digital Assets
US SEC Files Charges Over $1bn in Unregistered Crypto Securities Offerings
By Editors | 01/08/2023
Richard Heart misappropriated at least $12mn of offering proceeds to purchase luxury goods, including the largest black diamond in the world.
AML / KYC
India Supreme Court Criticises Government for Not Addressing Crypto Crime
By Editors | 01/08/2023
India’s Supreme Court asked the government whether it can establish a “national specialised agency” to investigate crypto-related crimes.
AML / KYC
US Senate Approves Defence Bill with Provisions Targeting Crypto Mixers
By Editors | 31/07/2023
The US Senate’s approval of the 2024 NDAA includes stringent provisions aimed at cryptocurrency mixers, marking a regulatory milestone.
Crypto / Digital Assets
Bendigo Bank Blocks “High-risk” Payments to Crypto Exchanges
By Editors | 31/07/2023
New rules for instant payments to crypto exchanges are designed to primarily target investment scams, Bendigo Bank said.
Crypto / Digital Assets
Japan Blockchain Association Proposes Reforms to Crypto Tax Regime
By Editors | 31/07/2023
The JBA is seeking the abolishment of the year-end tax on unrealised gains from tokens issued by third parties, among other reforms.
Crypto / Digital Assets
Digital Yuan Being Used for Clearing Commodity Spot Trades
By Editors | 30/07/2023
Industrial Bank is the first bank to incorporate digital RMB into commodity spot trading, paving the way for future advancements in this area.
Crypto / Digital Assets
Accounting Firms Face Potential Liabilities in Crypto Audits: SEC Official
By Manesh Samtani | 30/07/2023
SEC Chief Accountant warns accounting firms of potential legal liabilities when auditing crypto firms, stressing the importance of auditor independence.
AML / KYC
KoFIU is Ramping Up Efforts to Combat Crypto-related Crime
By Manesh Samtani | 30/07/2023
KoFIU will strengthen inspections, impose sanctions for violations, and disclose the results of investigations to promote legal compliance.
Crypto / Digital Assets
US Lawmakers Advance Bill on Stablecoin Regulation
By Editors | 29/07/2023
The ‘Clarity for Payment Stablecoins Act’ would have the Fed write requirements for issuing stablecoins but still preserve the authority of state regulators.
AML / KYC
Worldcoin’s Global Launch Raises Regulatory Concerns
By Editors | 29/07/2023
UK, French and German regulators are looking into privacy concerns associated with Worldcoin’s iris-scanning data collection practices.
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