Crypto / Digital Assets

Crypto / Digital Assets

US Lawmakers Introduce Bill on Custody of Digital Assets

By Editors | 28/09/2023

The Uniform Treatment of Custodial Assets Act would rescind an SEC accounting bulletin that prevents banks from providing custodial services to digital assets investors.

Crypto / Digital Assets

ASIC Punishes Fintech Firm for Misrepresenting Crypto Product

By Sanday Chongo Kabange | 28/09/2023

Bobbob and its sole director are prohibited from providing financial services to retail clients for 12 months and paid A$53,000 in penalties.

Crypto / Digital Assets

WFE Issues Recommendations for Regulating Crypto Trading Platforms

By Editors | 28/09/2023

The six key principles will safeguard markets and enable the crypto sector to grow, said Nandini Sukumar, CEO of the World Federation of Exchanges.

Crypto / Digital Assets

Hackers Steal $200m from Mixin in 2023’s Biggest Crypto Hack

By Editors | 27/09/2023

Mixin has since offered the attacker a $20mn “BUG Bounty Reward” for the return of its users’ funds, and that the losses may not be as significant as initial estimates.

Crypto / Digital Assets

Taiwan Issues New Regulatory Guidelines for Crypto Sector

By Manesh Samtani | 27/09/2023

Overseas crypto platforms are not allowed to solicit business within Taiwan or from Taiwanese citizens unless they register locally and comply with local AML laws.

Crypto / Digital Assets

PBOC Adds CBDC Feature to Boost Adoption Among Foreigners

By Sanday Chongo Kabange | 27/09/2023

The e-CNY app now allows foreigners to top up their digital wallets using global payment networks Visa and Mastercard.

Crypto / Digital Assets

India to Develop New Surveillance Tool for Crypto & Dark Web

By Manesh Samtani | 26/09/2023

The tool will also contain a comprehensive database of all known crypto exchanges worldwide, along with their contact information, for use in investigations.

Crypto / Digital Assets

HK SFC to Provide Transparency on Crypto Licence Applicants

By Sanday Chongo Kabange | 26/09/2023

The SFC will publish a list of all firms that have applied for a VATP licence and launch other investor education initiatives.

Crypto / Digital Assets

HKMA Says More Central Banks Will Join mBridge Platform

By Editors | 23/09/2023

HKMA CEO Eddie Yue said an MVP will soon be launched to pave the way for the “gradual commercialisation of mBridge”.