CRYPTO / DIGITAL ASSETS

Enforcement

South Korea Seizes Assets from Crypto Lender Delio

By Editors | 25/07/2023

Prosecutors and the FSC seized “all company and customer assets, including Delio’s cold wallets and ledgers”.

Crypto / Digital Assets

Banque de France Releases New Findings from CBDC Experiments

By Editors | 25/07/2023

Banque de France has determined that wholesale CBDC would improve cross-border payments, settlement finality, and security for a “vast range of financial assets”.

Crypto / Digital Assets

FSS Korea Issues ‘Best Practices’ Guidance on Crypto-related Disclosures

By Manesh Samtani | 25/07/2023

The FSS provides sample footnote disclosures for virtual asset issuers, holders, and exchanges, in line with new crypto asset accounting and disclosure guidelines.

Crypto / Digital Assets

Couple Responsible for 2016 Bitfinex Hack Reach Plea Deal

By Manesh Samtani | 24/07/2023

The 119,754 bitcoin stolen was worth $71mn at the time of the hack. When the couple was arrested in Feb 2022, it was worth over $4.5mn.

Crypto / Digital Assets

Russian President Signs CBDC Bill Into Law

By Manesh Samtani | 24/07/2023

The central bank will begin piloting a digital ruble in August, with 13 banks and about 30 enterprises from 11 cities participating.

Crypto / Digital Assets

South Korean Banks Eye CD Tokens as Stablecoin Alternative

By Mark Johnston | 24/07/2023

CD tokens are based on the existing banking system and do not require a change in the role of central banks, unlike stablecoins.

AML / KYC

Worldcoin Crypto Project Officially Launches

By Editors | 24/07/2023

The project uses a small device called an “orb” to scan people’s eyeballs in order to generate a unique digital identity.

Crypto / Digital Assets

Indonesia Launches National Cryptocurrency Exchange

By Manesh Samtani | 24/07/2023

The new exchange will serve as the only trading venue in the country where digital assets can be exchanged legally.

AML / KYC

US DOJ Elevates Crypto Enforcement Team Within Criminal Division

By Manesh Samtani | 24/07/2023

NCET will merge into the Computer Crime and Intellectual Property Section, more than doubling the number of prosecutors available to work on crypto-related crime.