CRYPTO / DIGITAL ASSETS

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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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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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