Crypto / Digital Assets

Enforcement

US SEC Fines Former FTX Auditor for Negligence-related Fraud

By Nithya Subramanian | 19/09/2024

Prager Metis issued two audit reports for FTX between 2021 and 2022, but failed to comply with auditing standards and apply “due care” in those audits.

Crypto / Digital Assets

Australia Launches Three Year Digital Money Roadmap

By Thisanka Siripala | 19/09/2024

The RBA has decided to prioritise the development of wholesale CBDC rather than retail CBDC. Next month it will launch a “public phase” of its wholesale CBDC project.

Crypto / Digital Assets

FTX Founder Files Appeal Against Fraud Conviction

By Thisanka Siripala | 18/09/2024

Sam Bankman-Fried’s lawyers argue that the judge in the case undermined the defence and blocked evidence from being shown in court.

Crypto / Digital Assets

FSC Korea to Launch Virtual Asset Committee This Month

By Editors | 18/09/2024

The committee will discuss issues including a second stage of legislation for the virtual asset market and potential approval of spot crypto ETFs in Korea.

Crypto / Digital Assets

Switzerland’s SIX Explores Launching Crypto Exchange

By Thisanka Siripala | 18/09/2024

The platform is expected to cater to the growing institutional interest in the crypto space, rather than retail investors.

Crypto / Digital Assets

Thai SEC Consults on Measures to Improve Investment Token Ecosystem

By Nithya Subramanian | 17/09/2024

Securities and futures firms will be allowed to carry out business involving cryptocurrency and investment tokens through separate legal entities.

Fintech / Regtech

More Than 40 Private Sector Firms Join BIS Project Agora

By Manesh Samtani | 17/09/2024

Seven central banks will work with more than 40 financial firms to explore how tokenisation can enhance wholesale cross-border payments.

Crypto / Digital Assets

Indonesian Crypto Exchange Indodax Suffers DPRK Hack

By Nithya Subramanian | 16/09/2024

Indonesia’s largest crypto exchange is facing losses of up to $20mn from a hack allegedly perpetrated by a North Korea-affiliated actor.

Crypto / Digital Assets

US SEC Fines eToro $1.5m for Not Registering Crypto Services

By Nithya Subramanian | 16/09/2024

As part of the settlement, eToro is required to delist 102 crypto tokens, leaving only Bitcoin, Bitcoin Cash, and Ether available to investors.