Crypto / Digital Assets

Crypto / Digital Assets

Singapore, UK to Boost Fintech, Green Finance Cooperation

By Nithya Subramanian | 09/05/2024

MAS and HM Treasury will collaborate to develop and finance green finance and energy transition projects in APAC.

Crypto / Digital Assets

Singapore Law Firm Pays $1.4m Ransom Demand

By Editors | 08/05/2024

The law firm was initially asked to pay $2mn, but the Akira ransomware group agreed to lower the amount after negotiations.

Enforcement

US SEC Notifies Robinhood of Pending Enforcement Action

By Editors | 08/05/2024

The action is related to the cryptocurrencies offered on Robinhood’s platform, some of which may be classified by the SEC as securities.

Big Picture

Regulatory Hurdles Limit Adoption of Tokenised Alternative Assets

By Nithya Subramanian | 08/05/2024

Moody’s Investors Service outlines the technical and regulatory hurdles that may limit adoption of tokenised alternative assets.

Fintech / Regtech

HKMA Forms New Architecture Community for Project Ensemble

By Sanday Chongo Kabange | 08/05/2024

The Community will develop standards to support interoperability among wCBDC, tokenised money and tokenised assets.

AML / KYC

US Prosecutors Secure Guilty Plea from Ex BTC-e Operator

By Editors | 06/05/2024

Alexander Vinnik was facing up to 55 years in prison, but due to a plea bargain he is expected to receive a prison term of less than ten years.

Sanctions

US Officials in Malaysia, Singapore This Week to Discuss Sanctions

By Editors | 06/05/2024

Treasury’s Brian Nelson and Neil MacBride will meet with the Malaysian and Singapore financial sectors to discuss compliance and enforcement efforts.

Crypto / Digital Assets

Inclusion of DTI in Reporting a ‘Milestone’ for Transparency: DTIF

By Editors | 04/05/2024

The introduction of the Digital Token Identifier as an underlier to the UPI and OTC ISIN will bring greater transparency to the crypto derivatives market.

AML / KYC

Tether to Start Monitoring Secondary Market for USDT

By Editors | 04/05/2024

Through a partnership with Chainalysis, Tether will provide sanctions monitoring, an illicit transfers detection tool, and analysis on major USDT holders.